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Investment Analyst - Private Markets

Legal & General
London, United Kingdom
Closing date
Mar 15, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Company Description

Humanity is facing fundamental challenges, with the future of our planet hanging in the balance. As the principal investment arm of the Legal & General Group, our aim at Legal & General Capital is to generate long-term shareholder value, while helping build a better society. We seek opportunities to invest in sectors most in need of investment and innovation, such as residential housing, large-scale urban regeneration and future cities. We're backing investment in infrastructure and clean energy, and in start-up businesses to drive innovation and growth across the UK. We're building partnerships between the public sector and institutional investors to accelerate housing delivery, create jobs, support local businesses and transform communities. This helps to create new asset classes for Legal & General's varied investment requirements, our partners and the wider marketplace.

Job Description

Legal & General Capital (LGC) is the principal investment division of Legal & General (L&G) and is growing at pace, having doubled operating profits over the last 5 years to become L&G's second largest divisional profit contributor. LGC focuses its investments on addressing long-term trends for the benefit of the Group and society with sector teams in Specialist Commercial Real Estate, Clean Energy, Residential Property, Digital Infrastructure and GP Investing.

A central pillar of LGC's growth strategy is building exposure to Alternative investments, with the ambition to double its third-party assets under management (AUM) in Alternatives in the next 3 years. LGC's GP (General Partner) Investing team have been providing expertise and capital to high growth private markets asset managers over the past decade, through the acquisition of significant minority ownership stakes in such managers. The team manages a portfolio of existing investments and has a mandate to grow this portfolio further with GP investments forming an important element in the realisation of LGC's third party AUM ambitions.

The GP Investing team provides significant career development opportunities, with team members gaining exposure to a breadth of private markets asset classes, investment managers, geographies and sectors. In this role you will undertake commercial and financial analysis and diligence for new investments undertaken by the GP Investing team, as well as supporting the management of existing GP investments. You will build and evaluate investment models, support the preparation of Investment Committee papers for investments and work closely with stakeholders across LGC and the wider group.

Transaction Execution
  • Support the underwriting of new GP investments from origination to completion, including contributing to the preparation of memorandums for internal investment committees
  • Participate in and support due diligence activities and coordinate workstreams
  • Collaborate with other LGC teams (e.g. Finance, Legal, Risk) to develop their understanding of transactions and address questions prior to investment
Financial Modelling
  • Build, review and interrogate financial models as part of investment analysis; work with the LGC Finance team to ensure information is accurately reflected for internal financial reporting
  • Use commercial acumen to stress test financial model outputs in order to illustrate the impact of investment risks and opportunities
Investment management support
  • Drives production of management information and ad-hoc analysis
  • Coordinates with various stakeholders across LGC to monitor existing GP investments
  • Support the monitoring of investment performance, reviewing board materials and processing shareholder approval requests for existing GP investments
Market research
  • Conduct research on private markets asset managers, asset classes and strategies
  • Apply research findings in support of the GP Investing team's strategy
  • Support business development initiatives, including ad hoc research and preparation of analysis
Stakeholder Management
  • Engage with various internal teams including Financial, Legal, Risk, Actuarial and Tax as well as senior stakeholders in LGC and other L&G divisions (e.g. LGIM, LGRI)
  • 2.1 degree or equivalent qualification or experience
  • Relevant transactional experience, from investment banking advisory, principal investing, or corporate development roles
  • First-hand experience and knowledge of private markets asset classes
  • Foundational modelling skills with a proven ability to run complex models at a high level of accuracy
  • Strong interpersonal skills; positive attitude; confident communicator and a self-starter
  • Ability to work with a range of internal stakeholders
  • Intellectually curious, capable of thinking critically and developing conclusions from independent research
  • Collaborative mindset, able to contribute and work effectively as part of a team
Additional Information

The brand with the brolly is choosing today to change tomorrow.

Since 1836, we've grown to become one of the world's largest asset managers, homebuilders, pension providers and insurance brands.

We're all here to improve the lives of our customers, build a better society for the long term, and create value for our shareholders - helping to shape a better future for society and the planet.

We need people who share our ambitions, agility and entrepreneurial spirit to help us do it.

At L&G, you'll find a balance that helps you be your best. Empowered by hybrid working, we're supported by technology and workplaces that enable us to work effectively wherever we are. We come together in offices to collaborate and connect, and use time at home for individual, focused activities. And, when we achieve great things, we celebrate our success and reward strong performance.

Today, there's over 10,000 of us, working towards our mission, with plenty of opportunities to grow your career as we grow L&G. Will you join us?

Great minds don't have to think alike, so we welcome voices from all backgrounds. Bringing together people with different life experiences helps us build empathy with our customers and drive innovation.

We don't just talk about it, we actively promote diversity and equitable opportunities for all. That means our employment decisions are made without regard to race, colour, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability or protected veteran status. In fact, we embrace every dimension of diversity to reflect the customers and communities we serve.

We think it's important to create an inclusive environment where we can all belong, contribute and drive progress, where you can develop and grow, and be empowered. We want you to use your voice to help us build a better tomorrow.

We all work differently, and have different needs, which is why. we're always open to discussing flexible working arrangements. Likewise, we're committed to finding reasonable accommodations for candidates with specific needs during our recruiting process.

So whoever you are, wherever you are, whatever your story, we'd love to hear from you.

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