Specialist Australian and New Zealand Private Debt investment manager Revolution Asset Management (Revolution) has added a Portfolio Manager as well as an Associate Portfolio Manager to the team that has total commitments in excess of A$1.2 billion in the Australian and New Zealand private debt market, bringing the investment team to five.

Steve Sutinen and Lucie Bielczykova joined the investment team in February 2021 in newly created roles alongside founders Bob Sahota, Simon Petris and David Saija.

As Portfolio Manager, Steve’s focus is on the Asset Backed Securities portfolio − managing the investment process including origination, due diligence and on-going monitoring of existing transactions. Steve brings strength to Revolution’s ESG policy given prior experience in this field. As Associate Portfolio Manager, Lucie will assist in managing senior secured assets including corporate leveraged loans, private asset backed securities and real estate loans.

Steve has held a variety of roles within fixed income markets having spent 21 years at Challenger Financial Services, within the Life Company as well as significant time in the Fixed Income team, most recently as Senior Portfolio Manager responsible for the deployment of over A$1 billion in the alternative debt portfolio which included investments in insurance linked securities, royalty securitisations and aircraft finance, amongst others. He has deep experience covering a broad range of fixed interest investments including investment grade corporate credit, domestic Asset Backed Securities, offshore Asset Backed Securities, and private debt. Before joining the investment team at Revolution, Steve held the role of Senior Relationship Manager at Bluestone APAC, responsible for managing a significant third party servicing contract for a A$7 billion mortgage portfolio.

Lucie joins Revolution from JANA, a leading asset consultant, where she was focused on fixed income research, portfolio construction and investment strategy advice for a range of Australian and New Zealand institutional clients. Lucie has also held the role of fixed income Portfolio Analyst at Challenger Limited, and began her career at Kapstream Capital, working alongside Bob Sahota and David Saija. Lucie is a Chartered Financial Analyst (CFA) charterholder.

Chief Investment Officer, Bob Sahota, said “Steve and Lucie are investment professionals of the highest calibre with extensive experience in private debt portfolio management and deal origination, structuring and analysis. They will be invaluable in driving investment performance and delivering on our portfolio objectives.  We look forward to continuing to cultivate our business by building strong, trusted relationships with our investors and growing our footprint both domestically and in New Zealand.”

Revolution Asset Management’s investment funds include predominantly senior secured assets such as corporate leveraged loans, private asset backed securities and real estate loans, that benefit from having security and structural protections such as loan covenants. Having established the firm three years ago, Revolution Asset Management manages two strategies on behalf of institutional and wholesale investors, with its second fund, Revolution Private Debt Fund II approaching A$400m in committed capital with 90% of this capital deployed since it launched in December 2019. Overall, Revolution Asset Management has invested in excess of A$850 million on behalf of its funds and institutional clients (as at 31 December 2021).