01 March 2017

Pemberton named Global Fund Manager of the Year.

Legal & General Capital (LGC), the principal investment arm of Legal & General Group, announces that Pemberton which is 40% owned by LGC has been named Global Fund Manager of the Year by Private Debt Investor (PDI) magazine. The shortlist for the award included Blackstone GSO, Oaktree and Lone Star.

Backed by one of the industry's most highly regarded publications, the PDI awards recognise the best and brightest industry participants helping to shape private debt markets. The judging process is a mixture of editorial shortlisting and industry voting for the final winners. Now in their fourth year, this is the second year in a row that Pemberton has won at the PDI Awards - picking up the prestigious Global Newcomer of the Year award last year.

This latest award win recognises a very positive 12-month period in which Pemberton successfully raised and invested its maiden European and UK private debt strategies. It completed the final close of its European Mid-Market Debt Fund with €1.2 billion of commitments from a strong and diverse global investor base, signalling one of the largest closes for an inaugural direct lending fund in Europe, and has successfully deployed capital to leading European mid-market companies. It also launched its second fund, the UK Mid-Market Direct Lending Fund, which is targeting ,~500 million, and significantly expanded its platform, growing to a forty-strong team.