Legal & General Capital Refocuses on Innovation, Spinouts, and Real Assets
In June 2024, Legal & GeneralDealroom has a profile for this one. Try Dealroom → announced the merger of its alternative investment arm, Legal & General Capital, with Legal & General Investment ManagementDealroom has a profile for this one. Try Dealroom → to form a unified Asset Management division.
The goal is to streamline operations and expand private markets exposure, with a target of growing private assets under management from £48 billion to £85 billion by 2028. The integration supports the group’s strategy to focus on long-term themes such as climate, housing, health, and innovation.
As part of its venture strategy, LGC is increasing exposure to university spinouts and deeptech startups. It combines LP commitments to early-stage VC funds with direct investments in later-stage companies to support promising technologies from research to scale-up.
It has backed vehicles like Oxford Science EnterprisesDealroom has a profile for this one. Try Dealroom →, Cambridge Innovation CapitalDealroom has a profile for this one. Try Dealroom →, and Northern GritstoneDealroom has a profile for this one. Try Dealroom →, which are focused on spinning out research from top UK universities, and VC funds such as Seedcamp, Balderton, Kindred, and Ada VenturesDealroom has a profile for this one. Try Dealroom →.
In parallel with its innovation-led investments, Legal & General is also expanding its real assets footprint. In early 2024, the firm acquired a 75% stake in Proprium Capital PartnersDealroom has a profile for this one. Try Dealroom →, a global real estate private equity firm managing approximately $3.5 billion in assets.
The move supports LGC’s ambition to build a more international and diversified real estate portfolio, complementing its existing activities in housing, urban regeneration, and clean energy infrastructure.
Source:
09.2024
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B.O.&J.V.
