Asset Management

L&G partners with Blackstone for US private credit push

UK-listed group will work with alternatives giant to bolster its private credit capabilities

L&G outlined plans last year to grow its private markets assets to £85bn by the end of 2028
L&G outlined plans last year to grow its private markets assets to £85bn by the end of 2028 Photo: Alamy Stock Photo

L&G, the London-listed insurance and asset management group, has struck a partnership with alternatives giant Blackstone to accelerate its push into private markets.

The partnership will see L&G’s annuities business lean on Blackstone’s private credit origination platform, predominantly in the US, to access investment-grade assets.

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