Legal & General appoints Jasan Fitzpatrick as Managing Director of Principal Investment

Legal & General Capital (LGC) announces that Jasan Fitzpatrick has been appointed Managing Director of Principal Investment, responsible for its investments in Venture Capital and SME finance; Build to Rent and Affordable Housing.

Legal & General’s principal investment strategy will continue to evolve under Jasan’s leadership, exploring innovative ways to deploy capital and enhance returns across alternative asset capabilities. A key area of focus for the business will be pioneering access to the Venture Capital asset class for Defined Contribution customers, whilst creating an asset portfolio which complements LGIM’s investment strategy and supports the growth of Legal & General’s retirement arm.

In European SME financing, LGC’s 40%-owned private credit manager Pemberton has accelerated the deployment of capital across all funds, with more than €3bn deployed across 30 deals in 2019 and total Funds Under Management growing to c. €6.1bn. In Venture Capital investing, LGC has continued to build a robust portfolio of high quality European Venture Capital managers where it has c. £140m deployed across 14 funds.

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