Andrew King quits Channel

After almost nine years with Channel Capital as the head of distribution, Andrew King has left the firm triggering an overhaul of the distribution and marketing team, all of whom he hired.

King - a 14 per cent shareholder in Channel - left to spend quality time with his family and recharge before embarking on his next adventure, as he can't wait to "get started on the next chapter."

Interestingly, the $35 billion multi-affiliate funds management business will not replace King.

Luke Mandekic and Byron Slessar are now co-heading the distribution team alongside Channel's chief marketing officer Angela Dovitsas.

All three will inherit King's responsibilities while continuing on with the roles they had before.

"All three of us have been with Channel Capital since February 2018. With this new structure, the Channel Capital distribution and marketing team now comprises 13 professionals," said Dovitsas.

As a substantial shareholder in Channel, the former institutional salesman for J.P Morgan will likely be restrained from working for some time given his influence on the business and managers' strategies.

King is widely expected to emerge in the private markets and alternatives space given his particular success and leadership with Sage Capital and New Holland Capital's hedge funds, Revolution's private debt strategy, KKR's unlisted infrastructure and most recently KKR's K-Prime evergreen private equity strategy.

"The past nine years with Channel has been a great ride from its infancy," he posted on LinkedIn.

"I've learned that success in our field isn't a solo expedition. It's a shared journey with dedicated colleagues, gifted investment managers, and our loyal clients. I am so grateful for these long-standing relationships, which were not easy to part from, and am excited about what the future holds."