Investment Manager - Real Estate Debt

The world of investment is changing. Our vision at Legal & General Investment Management is to create a better, more sustainable future through responsible investing. We work in partnership with our clients around the globe to deliver positive long-term outcomes, while rising to the challenges of a rapidly changing world. Our clients include institutional pension funds, financial institutions, local authorities and sovereign wealth funds. To meet our clients’ complex and evolving investment needs, our investment strategies cover a broad array of asset classes and styles, including equities, bonds, property and alternatives, as well as multi-asset funds. We’re focused on continuously innovating our investment products, maintaining our reputation as experts across all asset classes, and striving to build a more responsible and sustainable future.

Closing date for applications : 22.04.2024 

Recruiter: Lauren.Ashworth@landg.com

LGIM Private Credit has grown its activities in Real Estate Debt (‘RED’) in recent years and has developed a position as a leading institutional investor in this area.  Our RED strategy is focused to senior debt investment lending to a wide range of borrowers and sector types (offices, logistics, industrial, BTR, PRS, student accommodation, retail, healthcare and hotels) across the UK and Western Europe.  Transaction sizes vary from £25m - £400m+ and loan terms of 3 – 15 years.  Funding is on behalf of LGIM internal and external clients and through external funds.

The Investment Manager’s role is integral to supporting the continued business expansion within a team that is currently small relative to its AUM targets and the complexity of opportunities.

• Reporting to the Head of Real Estate Debt, UK & Europe, the role involves fully supporting the origination and execution of investment opportunities for Real Estate Debt that are suitable for LGIM clients and external fund clients.
• This role involves sourcing new business and building relationships internally and with market counterparties to access a broad pool of new real estate loan opportunities and filtering these to provide prospective lending opportunities that can be recommended to clients.
• Taking the transactional lead on all new loan opportunities, including their review, preparing and/or oversight of Term Sheets, suitable loan structuring and liaising with the client.
• Due diligence, credit and investment assessment and preparation of investment paper submissions to Private Credit Investment Committee and any other governance committee required, presenting to such committees where appropriate.
• Work as part of the team in negotiating and executing transactions in line with client requirements to obtain best value. 
• Where investments are approved, provide the necessary transaction booking support and assist Asset Management in pro-actively managing existing investments through engagement with borrowers and review of financial and other relevant information.
• Support specific team focus areas, including the externalisation of client funds, notably through the SIAF Private Credit fund, new RED funds, other segregated mandates and Team ESG strategies.
• Sharing knowledge and support to more junior team members to advance their development and skill sets. 

• A collaborative and partnering approach to working with investment management clients and market counterparties.
• Flexible & outcome oriented – within a growing business, have the appetite and capability to work on a variety of initiatives and real estate debt opportunities.
• Good communication skills, both verbal and written, with experience of writing and presenting information.
• Organised, proactive and timely in approach with a strong work rate.
• Diligence and accuracy in terms of data analysis and written reporting.
• Knowledge and experience of real estate senior debt lending, structuring and execution.

Legal & General is a leading financial services organisation, named Britain’s Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.  

We’re one of the world's largest asset managers, homebuilders, pension providers and insurers. Connecting to form a unique business model which drives value for our customers and society. And enabling our people to create impact through work that is meaningful and valued.  

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 strive to be open, mindful, and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs. 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. 

If you’re open to find out more, we'd love to hear from you.