Legal & General Investment Management (LGIM) is planning an accelerated programme of fund launches as it seeks to grow its private markets assets by 77% before the end of 2028.
This morning, insurance company Legal & General announced it will create a single asset management entity, folding its private markets-focused Legal & General Capital (LGC) business into LGIM.
The restructure was unveiled after a six-month strategic review, L&G group CEO António Simões said, to create a more fee-based and capital-light business.