Justin Slaughter
Edgar Lee of Oaktree will likely be new chief executive overseeing both firms.
Demand for private credit will increase as hedge funds face fee pressure and low returns.
The Canadian pension plan stated strong private debt returns with plans to expand earlier this year.
The hire comes as the Florida-based firm expands its US direct lending.
.jpg "Northleaf snags director from Bain Capital")
The Toronto-based firm is also investing its $1.4bn private credit fund.
Logan Circle Partners had more than $33bn in AUM as of 31 March.
The New York firm launched its lower mid-market ABL platform in February.
.jpg?id=12885366673 "Louisiana Teachers commits $75m to Castlelake V")
The Minneapolis-based firm has a $2bn target for its fifth distressed debt vehicle.
The firm expects the Federal Reserve’s rate hike to boost its debt portfolio income.
The affiliate has already invested in 12 transactions from the strategy.