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Legal & General Capital

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Investment thesis

Legal & General Capital (LGC) is the alternative investment arm of Legal & General Group, deploying L&G's principal balance sheet capital into areas where it sees a need to address society's needs — 'turning the world's biggest challenges into opportunities for constructive change and investment, generating positive value for all.' LGC specialises in six alternative sectors: housing, urban regeneration, clean energy transition, capital partnerships (backing high-growth asset managers), venture capital fund investments, and digital/specialist infrastructure. Its investment approach is built on long-term purposeful partnerships, enabling it to be a first mover in nascent markets and originate alternative assets that deliver performance for shareholders while creating attractive assets for the wider L&G business. In 2024, LGC was merged with Legal & General Investment Management (LGIM) to form a unified Asset Management division, now managing over £74.8bn in private assets across Real Assets and Private Credit.

Notable quotes

2022 has been a landmark year for Legal & General Capital as we have made major commitments to deliver transformational schemes in all our alternative asset specialisms across both the UK and, for the first time, the USA.

Laura Mason · Legal & General Group press release – January 2023 · 2023-01-03

As we grow our climate and clean energy platform, investing in Brill Power is an exciting move into energy storage technologies that are crucial to enable an increase of renewables on the power grid.

John Bromley · Legal & General Group press release – Brill Power Series A, 2022 · 2022-07-19

We invest our capital in clean energy assets, businesses and technologies which will help accelerate the UK's progression to a low-cost, low-carbon economy.

Kerrigan Procter · Legal & General Group press release – Kensa Group investment, 2020 · 2020-04-17

Recent investments

CompanyRoundSizeDate
PQShieldSeries B$37m2024-06-20
Advanced Electric MachinesSeries A$29m2023-11-20
Kensa GroupGrowth2020-04-17
Brill PowerSeries A$11m2022-07-19
Rovco / VaarstSeries B$19m2022-03-31
HometreeSeries A2023-04-12
Cambridge Electric CementSeed2023-04-12
Sero TechnologiesSeries A2022-01-01
Kao DataGrowth2022-01-01
POD PointGrowth2020-01-01

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