Australian Investment Council appoints private credit experts to board

Detailed summary

Australian Investment Council (AIC) is sharpening its board's private credit expertise and has appointed members from IFM Investors, Future Fund and Bain Capital, effective…

Australian Investment Council (AIC) is sharpening its board's private credit expertise and has appointed members from IFM Investors, Future Fund and Bain Capital, effective November 11.

Mathew Fulton is an investment director at IFM Investors, Kelvin Mak-Lui is the executive director and head of private equity at the Future Fund and Grace Mollard is a partner at Bain Capital on the Asia Pacific private equity team and a member of the firm's portfolio group.

"I am pleased to welcome Grace, Mathew and Kelvin to the board. We look forward to the impact you will bring to the Council and the wider private capital industry," AIC chief executive Navleen Prasad said.

"I'd also like to recognise the tireless work of the outgoing directors - we are grateful for your contributions and the strong position you leave us in."

AIC said these appointments add private credit expertise and the Limited Partner (LP) perspective to a board already strong in the private equity sphere.

"That depth will sharpen the council's advocacy and strengthen representation with government and regulators, with a focus on improved member outcomes," it said.

"We'd also like to thank the board directors who are outgoing - Serge Allaire, Karen Chan, Alicia Gregory and Jenny Wheatley. Their contribution to the council's advocacy and governance has strengthened the organisation and the industry."

Fulton has more than 23 years of experience in Australian and European credit markets and focuses on private credit and direct lending in Australia and New Zealand. He was previously an investment director at Metrics Credit Partners.

Mak-Lui is responsible for more than $35 billion in venture capital, growth equity and buyout investments. In addition, he contributes to the whole of portfolio positioning as a voting member of the investment committee and manager review committee.

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