Providing financing solutions to new businesses.
Legal & General Capital has committed £600m in this sector (including Venture Capital and SME Finance) with a current portfolio of approximately £400m invested to date.
To facilitate the broader Legal & General Group strategy, Legal & General Capital continues to invest in start-up businesses across the UK through Venture Capital managers and direct stakes in innovation and growth companies that are strategically aligned with our business. Legal & General has invested with 8 venture capital managers who have now invested in over 250 startups, predominantly in the UK. This investment strategy will continue to evolve as we look to deploy more of our own funds across the UK, Europe and Globally.
In 2014, we invested in Pemberton, a leading European private credit manager with one of the largest investment teams and office networks in Europe. Pemberton has built a market leading origination platform which is able to provide borrowers flexible financing solutions.
In just six years, Pemberton has raised over £12bn from 147 investors globally (as at Oct 21). Pemberton is consistently one of the most active providers of financing to private equity transactions and private corporates across Europe.
Pemberton is a signatory of the United Nations Principles for Responsible Investment (UNPRI) and in 2020, they joined the Net Zero Managers initiative and is now a net zero carbon firm.Find out more
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As a result, Legal & General’s actual future condition, performance and results may differ materially from the plans, goals and expectations set out in these forward-looking statements and persons reading this document should not place reliance on forward-looking statements. These forward-looking statements are made only as at the date on which such statements are made and Legal & General Group Plc. does not undertake to update forward looking statements contained in this video or any other forward-looking statement it may make.