Senior Investment Associate - Alternative 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.

LGIM Private Credit has rapidly grown its activities in Alternative Debt in recent years and has developed a position as a leading institutional investor in this area. This has been primarily on behalf of existing clients but expanded in 2020 with the establishment of a UK short dated credit fund with the second iteration of this fund strategy launched very recently, as the first fund out of LGIM’s new Luxembourg platform.

Alternative Debt at LGIM encompasses a wide range of structured finance and other esoteric asset classes ranging from trade finance and capital call facilities at the short end to derivatives, cashflow monetisation’s (lease, royalty or other payments) and insured transactions (including debt for nature swaps and similar transactions) at the long end of the spectrum and a wide variety of investments in between

We are ideally looking for an Investment Associate, or Senior Investment Associate, to support this growth in a team that is currently small relative to its targets and the complexity of opportunities.

Duties include:

Principal accountabilities

• The role will support the origination and execution of investment opportunities for Alternative Debt that are suitable for LGIM clients.
• This will involve assisting in building relationships internally and with market counterparties to access the broadest pool of opportunities and, together with other team members, filter these to provide prospective investments that can be recommended to clients.
• Support the team in the necessary due diligence, credit and investment assessment and investment paper submissions to Private Credit Investment Committee and any other governance committee required, presenting to such committees where appropriate.
• Assist 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 subsequent reporting and asset management requirements. Assist in pro-actively managing existing investments through engagement with borrowers and review of financial and other relevant information.
• Support the externalisation of client funds able to be invested including through the growth of the short dated private credit fund and other segregated mandates

Key behaviours required:

• Collaborative
  • Ability to work closely with team members and independently when required
  • A collaborative and partnering approach to working with investment management clients and market counterparties
• Flexible & outcome oriented – we are a busy and growing business and this individual will need to have the appetite and capability to work on a variety of initiatives and investment opportunities
• Good communication skills, both verbal and written, with experience of writing and presenting information
• Organised and self motivated
• Diligence and accuracy in terms of data analysis and written reporting

Skills Required:

• Knowledge and experience of credit risk either in another asset manager, bank or other financial institution, market  intermediary or law firm
• Knowledge and experience of at least some structured finance products and the ability to utilise this experience across a wider range of asset classes

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.