Senior Investment Associate - Infrastructure Debt - Private Credit

Legal & General is one of Europe’s largest asset managers, providing clients and partners with complex, responsible investment solutions, across public and private markets. As a global investor, we are present where our clients most need us – from Hong Kong and Singapore, to Chicago and major European financial hubs.

Created by combining our investment management (LGIM) and asset origination (LGC) capabilities, our Asset Management division works with our Institutional Retirement and Retail divisions to benefit our clients and customers – which include individual savers, pension scheme members and global institutions – and deliver enhanced shareholder returns.

Joining us means becoming part of a market-leading team, with capabilities across the full spectrum of asset classes, with an enduring commitment to responsible investment and creating long-term, sustainable value for our clients and partners.

In 2012, LGIM’s original Infrastructure Debt business began to invest in the illiquid infrastructure market focussing initially on debt in the UK for internal clients, subsequently diversifying geographically with investments in Europe, North America and Australia and developing new strategies.

We’re recruiting for an Infrastructure Debt Senior Investment Associate to join our Real Assets Private Credit Team. 

What you'll be doing:

• Day-to-day sourcing and evaluation of new potential investments according to value and suitability for Legal & General clients based upon fundamental and detailed investment analysis and understanding the dynamics of the sector
• Preparation of investment committee papers for new opportunities
• Full transaction execution including financial modelling, undertaking due diligence, negotiation of key terms and documentation
• Collaboration with the Private Credit Asset Management team to support management of existing investments by co-preparing semi-regular performance updates and actively participating in analysis and discussion of broader sector trends from a risk management perspective.
• Assistance with the management of key internal and external counterparty and borrower relationships
• Participation in marketing process to new investor clients where required as well as helping with the marketing of infrastructure investment solutions to borrowers, public sector counterparties and other market participants.
• Engagement in the formulation of new business initiatives and of the investment strategy for the sector in particular identifying transactions and sub-sectors that could be appropriate investment targets for LGIM clients
• Engagement in on-going client reporting and contribute to the periodic review of infrastructure procedures
• Assistance with the ongoing development and incorporation of ESG methodologies into the investment appraisal / decision-making and ongoing management process

Who we're looking for:

• The candidate is likely to have previous experience of infrastructure debt investment, in the OECD focussing on Europe across a wide range of infrastructure sub-sectors including transport, energy, social and telecom / digital infrastructure.
• Strong financial analysis and transaction skills – credit structuring, rating methodology and / or financial advisory experience being particularly relevant
• Flexible, responsive with a keen attention to detail.  The role is dynamic, where large numbers of transactions are reviewed in order to screen out poor value or unsuitable investments and the ability to execute transactions to achieve the required credit rating level and value is critical.
• The candidate will need to be organised, focused, demonstrate independent thinking and self-motivated with strong communication and analytical skills.
• Strong financial modelling skills are an advantage and detailed knowledge of the different investment documentation and structures appropriate to the various sub-sectors is also important.
• Collegiate, strong team player

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   
• Private medical insurance (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 
• 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 

Legal & General is a leading financial services group and major global investor, 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 aim to build a better society for the long term by investing our customers’ money in things that make life better for everyone.

If you join us, you’ll be part of a welcoming 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.

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