Investing in private markets
Offering clients access to a range of private market capabilities to match their investment needs
Jed Plafker, US CEO
“As investor demand for private market solutions continues to grow, L&G is deepening its commitment to the US through the firm’s growing private markets platform. With a focus on real estate and private credit in the US, we’re building on our global expertise to deliver long-term, resilient capabilities tailored to the evolving needs of US institutions. We look forward to continuing to expand our offering of private market investment solutions aiming to achieve both positive financial and social outcomes.”
Private market solutions where structural demand and societal outcomes align
As a leading investor and owner-operator in both public and private markets, we look to meet the needs of our stakeholders by fostering long-term relationships and aiming to deliver positive outcomes.
Our private markets platform is an integral part of our business. As a global asset manager L&G - Asset Management manages $101 billion across Real Assets and Private Credit.1 L&G - Asset Management, America's share of that global number is $9.9 billion.2 We seek to provide pension plans and institutional clients with a range of solutions suited to their investment objectives while also investing our own balance sheet to establish new assets and originate opportunities.
US private market capabilities
Real Estate Equity
With a focus around multi-family real estate, our experienced global team specializes in acquiring, repositioning, redeveloping, managing, operating and disposing of value-add real estate assets that offer attractive risk-adjusted returns. Our expertise spans commercial and residential development through to operational and long-lease real estate.
Investment Grade (IG) Private Credit
We design standalone and more solutions-oriented IG private credit allocations that can help our clients enhance their existing strategies, reallocate from public to private fixed income and gain exposure into hard to access sectors. We offer four distinct verticals to invest, all of which may allow for better liquidity management in an effort to facilitate better risk-adjusted returns: corporate debt, infrastructure debt, alternative debt and real estate debt.
Global private market capabilities
These capabilities are offered by L&G – Asset Management Limited, in other parts of the world
Real Assets
Focused on income-producing strategies, L&G – Asset Management offers innovative and flexible solutions aimed at delivering attractive returns across high-conviction real asset sectors that seek to benefit from long-term structural demand. L&G – Asset Management's process is underpinned by deep expertise in residential development, data centres, clean power, industrials and operational real estate.
Private credit
Through a solutions‑first approach in partnership with L&G – Asset Management’s public credit team and select third-parties, their Private Credit platform spans private corporate and alternative debt, real estate debt and infrastructure debt. Their focus is disciplined lending to investment‑grade corporates and public sector borrowers representing core social and economic infrastructure.
Partnering with organizations that share our values
NTR
Equity stake and partnership with European specialist clean power infrastructure manager3
Proprium Capital Partners
Expansion through acquisition of European and APAC real estate equity manager4
Blackstone
Long-term strategic partnership to accelerate global growth ambitions
Taurus Real Estate Holdings
Minority equity stake in US real estate equity manager5
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1. Source: Legal & General Investment Management, Ltd. internal data as of December 31, 2025. Assets tallied biannually. Includes assets from affiliates and is based on managed AUM, including $4.7 billion from multi-asset strategies. Managed assets AUM excludes $4.9bn lifetime mortgages position, balance sheet, Pemberton investments and AUM from partnerships.
2. Source: L&G - Asset Management, America as of December 31, 2025.
3. L&G and NTR have maintained a strategic partnership since 2015.
4. L&G - Asset Management Limited has a 75% ownership interest in Proprium Capital Parnters LP through its wholly-owed subsidiary L&G Property Europe Limited.
5.L&G - Asset Management, America maintains a 10% ownership interest in Taurus Investment Holding, LLC. through its affiliate Legal & General US Real Estate Holdings, LLC.
Disclsoures
Legal & General Investment Management America, Inc. (d/b/a L&G – Asset Management, America) is a registered investment adviser with the U.S. Securities and Exchange Commission (“SEC”). L&G – Asset Management, America provides investment advisory services to U.S. clients. L&G’s asset management business more broadly—and the non-L&G – Asset Management, America affiliates that comprise it—are not registered as investment advisers with the SEC and do not independently provide investment advice to U.S. clients. Registration with the SEC does not imply any level of skill or training.
L&G – Asset Management Limited (“L&G – Asset Management”) is the parent entity under which all asset management companies of L&G Group PLC, a FTSE 100 company reside.
“L&G” as referenced herein is defined as consisting of L&G – Asset Management, America and its affiliates that are parties to a participating affiliate arrangement, including Legal & General Investment Management Ltd. (a U.K. FCA authorized adviser), Legal & General Investment Management Asia Limited (a Hong Kong SFC registered adviser), and LGIM Singapore Pte. Ltd. (licensed by the MAS in Singapore).
Legal & General Investment Management America, Inc. (“L&G – Asset Management, America”), the contracting entity for this mandate, is an affiliate of Legal & General Investment Management Ltd. the global investment management arm of Legal & General Group plc., a FTSE 100 company. Investment management services would be performed by L&G – Asset Management, America directly, and L&G – Asset Management, America may receive investment advisory support from personnel at its affiliate, Legal & General Investment Management Ltd. through a Participating Affiliate Agreement (“PAA”) whereby those Legal & General Investment Management Ltd. employees involved in the management of the client’s assets will be subject to U.S. Securities and Exchange Commission (“SEC”) rules and regulations and supervised by L&G – Asset Management, America personnel.
This material is intended to provide only general educational information and market commentary. Views and opinions expressed herein may change based on market and other conditions. The material is for informational purposes only and is not intended as a solicitation to buy or sell any securities or other financial instrument or to provide any investment advice or service. Legal & General Investment Management America, Inc. does not guarantee the timeliness, sequence, accuracy or completeness of information included. Past performance should not be taken as an indication or guarantee of future performance and no representation, express or implied, is made regarding future performance.
Certain of the information contained herein represents or is based on forward-looking statements or information, including descriptions of anticipated market changes and expectations of future activity. Forward-looking statements and information are inherently uncertain and actual events or results may differ from those projected. Therefore, undue reliance should not be placed on such forward-looking statements and information. There is no guarantee that L&G – Asset Management, America’s investment or risk management processes will be successful.