Investment Associate - Digital Infrastructure

Legal & General (L&G) is a leading UK financial services group and major global investor. 

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders. 

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. 

Our global asset management business provides our clients and partners with complex, responsible investment solutions, working internationally across public and private markets. 

Who we are 

We are one of Europe’s largest asset managers and a major global investor across public and private markets.

Asset Management is a critical driver of our Group strategy. The business aims to work synergistically with our Institutional Retirement and Retail divisions to benefit our clients and customers, and deliver enhanced shareholder returns.  

Our investment philosophy and processes are focused on creating value over the long term. We believe that incorporating financially material sustainability criteria, when relevant to our clients, can create value and drive positive change. 

Join our growing Digital Infrastructure team within L&G Asset Management, where you’ll play a key role in analysing, investing in and managing opportunities across data centres, fibre networks, wireless infrastructure and managed service businesses. You’ll be part of a collaborative team investing both L&G balance sheet capital and third‑party client funds across the UK, Europe and selectively North America.

This is an exciting opportunity to contribute to high‑impact investments in a fast‑evolving sector while developing your skills in a supportive environment.

What you’ll be doing:

• Supporting deal sourcing and screening across digital infrastructure opportunities
• Conducting sector research and assessing market trends
• Performing investment analysis, including building and reviewing DCF and other financial models
• Managing advisors and reviewing due‑diligence outputs
• Preparing high‑quality investment papers for investment committees
• Assisting in portfolio management activities, including reviewing reporting and observing board meetings
• Contributing to wider strategy development, fundraising and corporate initiatives
• Collaborating with colleagues across the business and building strong working relationships

Who we’re looking for:

• Previous experience in investment banking, Big 4, corporate finance, private equity or investment roles
• Strong financial modelling skills, especially DCF and LBO analysis
• Ability to interpret financial statements and understand capital structures
• Clear, confident written and verbal communication skills
• Strong analytical judgement and commercial awareness
• A proactive, self‑starting approach with resilience and curiosity
• Fluency in at least one European language (German, French, Spanish or Italian)
• ACA or CFA qualification (or progressing towards one)

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

• The opportunity to participate in our annual, performance -related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Healthcare Plan (permanent employees only)
• At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday
• Competitive family leave
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only)
• There are the many discounts we offer – both for our own products and at a range of high street stores and online
• In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all. 

If you join us, you’ll be part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can. 

It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.