LGIM boosts private debt team with senior hires

The UK-based firm has made three senior hires, plus junior appointments, building out its private-debt-focused personnel.

LGIM Real Assets has appointed three new senior members to its private debt team, the firm announced. The senior hires were made in conjunction with junior appointments also focusing on private debt.

According to the firm’s announcement, Calum Macphail and Tom Sumpster are joining LGIM, based in its London office. Ed Wood is also joining the firm, to be based in Chicago.

Macphail’s title is head of corporate private credit. He joined LGIM from M&G Investments where he served as head of private placements. Sumpster was previously head of acquisition finance at Royal Bank of Canada. He will take on the role of head of infrastructure debt at LGIM.

Wood was previously with Bank of America Merrill Lynch. He will be focusing on building LGIM’s private debt business in the US, the announcement noted.

LGIM did make a deal in the US recently. The firm provided $66 million in financing for a solar debt transaction with Ahana Operations in February.

A spokeswoman from LGIM did not return calls seeking comment beyond the announcement by time of publication. The number of junior hires supporting the senior appointments could not be determined by time of publication.