Unlocking private credit for wealth investors
L&G’s partnership with Blackstone aims to unlock private credit for wealth investors.
By providing clients with access across the full credit spectrum, we’re aiming to capture the potential for higher yields with lower volatility while seeking to mitigate risks.
We believe combining private credit with a public market sleeve can offer a cost-efficient approach with enhanced liquidity to ensure important guardrails are in place.
A strategic credit-focused partnership
Bringing together the UK’s largest asset manager1 with the world’s largest alternative asset manager2. With complementary strengths across public and private credit, we’re united in our commitment to invest for the long term and deliver lasting value for clients.
Compelling track records across both public and private credit
With a 20-year track record in private credit, Blackstone has delivered consistent outperformance across market cycles. L&G’s Active Fixed Income platform showcases 50+ years in managing active bond strategies.
- IPE 2025, Top 500 Asset Managers Report 2025. Data as at 31 December 2024.
- Blackstone as at 30 September, 2025.
Delivering for investors
Learn more about private credit
Understand how private credit differs to publicly traded securities, how it may fit into a portfolio and the potential diversification and return-enhancing characteristics it mat offer investors.
Hear more about our partnership with Blackstone, as well as an overview of private credit and the role the asset class could potentially play within investor portfolios when utilised alongside public credit.
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Meet the team
Ashley Fagan
Global Head of Wealth & Financial Institutions and Head of Global Partnerships
Get in touch
Get in touch
If you would like any further information please complete the contact us form.
Frequently asked questions
What is direct lending?
Directly originated corporate loans represent the largest strategy within private credit. These can offer a simpler process for borrowers compared to options in public markets like leveraged loans or high yield bonds.
What are the key features of direct lending?
Direct lending is typically senior within the capital structure. Loans are structured with directly negotiated terms with the borrower and are predominantly floating rate.
What are the potential advantages of a public-private credit approach?
Combining private credit with a public bond strategy may offer enhanced returns with some risks mitigated and added diversification benefits. The inclusion of publicly traded credit also enhances liquidity for investors.
Key Risks
The value of an investment and any income taken from it is not guaranteed and can go down as well as up, and the investor may get back less than the original amount invested. Past performance is not a guide to the future. It should be noted that diversification is no guarantee against a loss in a declining market. Risk management cannot fully eliminate the risk of investment loss.
The information in this document is for professional investors and their advisers only. This document is for information purposes only and we are not soliciting any action based on it. The information in this document is not an offer or recommendation to buy or sell securities or pursue a particular investment strategy and it does not constitute investment, legal or tax advice. Any investment decisions taken by you should be based on your own analysis and judgment (and/or that of your professional advisers) and not in reliance on us or the Information.
This document does not explain all of the risks involved in investing in the investment strategy and are not final. No decision to invest in the investment strategy should be made without first speaking to the Client Relationship Manager.
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