Australia’s state-backed QIC’s private equity division has appointed May Sulaiman as Vice President.
In her new role, Sulaiman will be responsible for driving investment origination and execution, building and maintaining relationships with key intermediaries, PE managers, company management teams and peer investors, as well as monitoring existing investments within Europe. She will focus on diligence for co-investment, fund and secondary opportunities predominantly in the middle and lower middle-market buyout and growth equity space.
Prior to joining QIC, Sulaiman served as Investment Manager at UK mid-market private equity firm Graphite Capital and as Investment Executive at investment firm CDC Group (now British International Investment). She began her career in investment banking at the Royal Bank of Canada in London.
QIC has also promoted Toby Suen from Principal to Partner, having joined QIC in 2019 from the private markets team at Abrdn, where he was Investment Manager. He focuses on European investment strategies including venture capital, buyouts and co-investments. Suen also serves as Director at QIC European Investment Services.
Tom Le Brocq has also been promoted from Analyst to Associate in QIC’s London office, having joined in 2022. from law firm Macfarlanes, where he served as Analyst. At Macfarlanes, Le Brocq advised on valuations and financial modelling in relation to management incentive plans, carried interest, and commercial negotiations in the UK mid-market private equity industry.
QIC Private Equity manages AUD9.2bn as of 31 March. Its international team of 23 is located in Brisbane, Sydney, San Francisco, London and Copenhagen. The division continues to deploy €300m from Danish pension fund PenSam through both co-investments and fund commitments, with a focus on lower middle market buyouts.
