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The local government pension scheme pool, with over £50bn of committed client fund capital, is expanding its investment capabilities ahead of seven more funds joining its pool.

The CIO and investment strategy head exit the $36bn AUM life insurer after Brookfield’s recent move to acquire it, Private Debt Investor has learned.

The non-bank lender will build on its sub-lines approach in entering a mature market.

Global Credit represents 43% of the company’s $465bn in AUM, helped by diversification beyond direct lending

A high-level investments team restructure has seen the fund create several new senior portfolio manager roles within its mid-risk investments function.

Gregory Hardiman, who previously co-led 17Capital’s US investment efforts, has been named managing director and head of GP-LP solutions at Crescent Capital.

Mark Jenkins, Carlyle’s head of global credit, will become co-president of the firm alongside John Redett and Jeff Nedelman.

Stuart Wrigley, who will also lead the firm’s Asia-Pacific expansion from a new Singapore office, joins following a 24-year stint at GSAM, most recently as head of its APAC client solutions group.

The hiring of Marr from JPMorgan and Suresh from Deutsche Bank comes amid growing insurance appetite for private credit.

After EMEA and, reportedly, APAC, the Americas gets an insurance honcho.