Business
Legal & General Capital - Capital Markets Event
Legal & General Capital - Capital Markets Event.
About this update from Legal & General Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0154P\n Legal & General Group Plc\n 14 October 2021\n \n \n \n \n \n Legal & General Capital: Capital Markets Event\n \n \n \n \n \n \n \n \n Legal & General Capital (\"LGC\") will host an event for investors and analysts today, Thursday 14 October, starting at 14:00 BST. The event will provide a detailed look into LGC's alternative asset businesses and outline why LGC is well positioned to continue to deliver attractive growth and sustainable returns.\n \n \n LGC, Legal & General's primary alternative asset manufacturer, has significant investment expertise in four strategically selected sectors: housing; SME finance; specialist commercial real estate; and clean energy. The division has three objectives: \n \n \n ·\n To generate attractive risk-adjusted returns for our shareholders by investing in and developing high quality alternative assets\n \n \n · \n To create associated long-duration alternative assets for Legal & General Retirement's growing global annuity business, and to provide compelling alternative investment opportunities for third party investors\n \n \n ·\n To make socially and environmentally useful investments that support our longstanding commitment to Inclusive Capitalism and ESG\n \n \n The agenda for the event will cover the following: \n \n \n · \n Why LGC exists and what it does\n \n \n · \n How LGC contributes to L&G's synergistic business model \n \n \n · \n LGC's investment capabilities \n \n \n Key ambitions include:\n \n \n · \n Growing LGC's alternative asset portfolio to c£5 billion by 2025\n \n \n · \n Generating returns on the alternative asset portfolio of 10-12% by 2025\n \n \n · \n Generating £500-600 million of operating profit from alternatives (£600-700 million from LGC in total) by 2025 \n \n \n \n \n \n Laura Mason, CEO of LGC: \n \n \n \"LGC is an important component of the Group's unique and highly synergistic business model. By investing in and developing high quality alternative assets, LGC generates attractive risk-adjusted returns for shareholders, structures attractive long-duration investments for LGR and, increasingly, provides compelling alternative investment opportunities for third party investors. The demand for alternative assets is significant, and we are excited about LGC's growth prospec...