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L&G acquires real estate group Proprium to fuel private markets push

Asset Management Correspondent

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L&G, the London-listed insurance and investment group, has acquired real estate investor Proprium Capital Partners as part of a drive to bolster its presence in private markets.

The group’s £1.1tn asset management division has bought a 75% stake in the $3.5bn group, which was founded in 2013 as a spin-out of Morgan Stanley’s real estate special situations team.

Deal is the latest for the UK asset manager amid plan to grow private markets assets to £85bn

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