Legal & General Capital (LGC) was founded in 2013 to actively invest the Group’s principal balance sheet in strategic businesses in order to enhance risk adjusted returns for its shareholders. With a focus on three key sectors: Housing, Infrastructure and SME Finance, LGC is investing in areas that are economically crucial and require long term finance and suffer from a multi-billion pound financing gap. In doing so, we are able to originate a pipeline of assets to back our long term annuity liabilities, which have predictable liquidity requirements in LGR and co-investment opportunities with the LGIM client base. We work closely alongside other businesses within Legal & General to ensure the broadest range of skillsets are deployed on any project and to utilise principal investment and asset management synergies across the Group. Investments to date have included CALA Homes (housebuilding), Media City/Salford (urban regeneration), Pemberton (alternative finance) and NTR (clean energy).
9 - LGC is currently involved in bringing forward a total of 9 major UK regeneration schemes, including those in Bracknell, Canning Town, Cardiff, Leeds, Liverpool, Plymouth, Salford and Wakefield, with a combined GDV of over £2.4bn
40 - LGC currently employs around 40 people, continuing to recruit specialists to match its growing pipeline of direct investment activities.
88 - LGC’s direct investments increased by 88% over the year to the end of September 2015, to £0.8bn (Q3 2014: £0.4bn).
36,000 - LGC invests its money in delivering new, high quality housing stock, currently backing a fast growing pipeline of over 36,000 new homes
£203m - In 2014 LGC contributed £203m (16%) to L&G’s Group operating profit
£1.5bn - LGC has committed £1.5bn to co-investing its core capital beyond London, into critical regional urban regeneration projects that support the UK growth, through its partnership with the government’s Regeneration Investment Organisation (RIO), seeking to attract up to £15bn of investment into key UK infrastructure projects.
£6.6bn - L&G manages £6.6 billion of group-wide direct investments, an increase of 43% on the previous year (Q3 2014: £4.6bn). Our target is to increase this investment to £15bn, representing circa.25% of our balance sheet.
If you are interested in any current LGC vacancies please follow the link below