Investing in private markets
Offering clients access to a range of private market strategies that aim to match their investment needs
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 which aim to deliver positive outcomes.
Since the launch of our first strategy in 1971, we now manage over £74.8bn* in private assets, across Real Assets and Private Credit. We aim to provide pension schemes, institutional, and wealth clients with a range of solutions that may be suited to their investment objectives. We invest our own balance sheet capital alongside these third-parties, establishing assets and originating opportunities.
*Source: L&G internal data as at 31 December 2025. Includes assets from associates and is based on managed AUM, including £3.5bn from multi-asset strategies.
Private market capabilities
Real Assets
Focused on income-producing strategies, we offer innovative and flexible solutions aimed at delivering attractive returns across high-conviction real asset sectors that seek to benefit from long-term structural demand. Our 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 our public credit team and select third-parties, our Private Credit platform spans private corporate and alternative debt, real estate debt and infrastructure debt. Our focus is disciplined lending to investment‑grade corporates and public sector borrowers representing core social and economic infrastructure in the UK, Europe and the US.
Partnering with organisations that share our values
Together, we combine the scale of the UK’s largest asset manager with specialist expertise in private markets seeking to deliver long-term value.
NTR
Equity stake and partnership with European specialist clean power infrastructure manager
Proprium Capital Partners
Expansion through acquisition of European and APAC real estate equity manager
Blackstone
Long-term partnership to accelerate global growth ambitions
Taurus Real Estate Holdings
Minority equity stake in US real estate equity manager
Private markets highlights
What’s driving Europe’s infrastructure transition?
The increased digitisation of the economy, the need to meet energy transition goals and a resetting of geopolitical relationships and supply chains are among the most prominent drivers of Europe’s infrastructure agenda. Against this backdrop, we see a need for increased capital to support infrastructure development.
Solutions for pension schemes
Defined contribution
Bringing diversified private markets assets into everyday Defined Contribution (DC) pension arrangements.
Defined benefit
A weekly dealing, diversified fund aiming to offer Defined Benefit (DB) schemes the opportunity to access the benefits of private markets.
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Get in touch
Get in touch
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Key risks
The value of any investment and any income taken from it is not guaranteed and can go down as well as up, and investors may get back less than the amount originally invested. The risks associated with each fund or investment strategy should be read and understood before making any investment decisions. Further information on the risks of investing is available from L&G's Fund Centres.
While L&G has integrated Environmental, Social, and Governance (ESG) considerations into its investment decision-making and stewardship practices, this does not guarantee the achievement of responsible investing goals within funds that do not include specific ESG goals within their objectives.