Legal & General appoints heads of infrastructure debt in US and Europe
21 Oct 2019
Legal & General announces that it has expanded its infrastructure debt capabilities with the appointment of Charles-Henry Lecointe as Head of Infrastructure Debt America and Will Devenney as Head of Infrastructure Debt, Europe.
In these newly created roles, Lecointe and Devenney will focus on expanding Legal & General’s infrastructure investment portfolio in both North America and Europe respectively.
LGIM Real Assets currently manages £3.9 billion of assets in the UK, Europe and US, with Lecointe’s appointment to a growing Private Credit team in Chicago follows a year of high profile debt investments in the US.
Lecointe brings 15 years of infrastructure and structured finance experience across a breadth of sectors and geographies. For this role, he has relocated from LGIM Real Assets London Office. Having led a multitude of transactions in the US, with a particular focus on the P3 and renewables sector, Lecointe is well placed to lead Legal & General’s infrastructure business in the US as it continues to expand.
Devenney joined LGIM Real Assets in 2018 from HSBC to develop and diversify Legal & General’s real assets capabilities. Devenney will now lead on infrastructure debt investments in Europe.
Bill Hughes, Head of LGIM Real Assets, commented: “These appointments signal our ambition to continue to significantly expand our infrastructure capabilities in both the US and European geographies. Charles-Henry’s move will further bolster our investment capabilities in North America, and Will’s new role will be integral to the development and diversification of our real assets capabilities. These appointments demonstrate our commitment to expanding our platform and participating in the global infrastructure market.”
Tom Sumpster, Head of Infrastructure at LGIM Real Assets, said: “Charles-Henry’s move to Chicago is testament to our commitment to participate in a highly competitive infrastructure market and deploy more client capital in North America. Complementing the US offering, Will Devenney brings extensive experience working across all key social and economic infrastructure sectors, and has been an integral to LGIM’s continued success in Europe.”
These appointments signal our ambition to continue to significantly expand our infrastructure capabilities in both the US and European geographies...
Bill Hughes, Head of LGIM Real Assets
Charles-Henry’s move to Chicago is testament to our commitment to participate in a highly competitive infrastructure market and deploy more client capital in North America. Complementing the US offering, Will Devenney brings extensive experience working across all key social and economic infrastructure sectors...”
Tom Sumpster, Head of Infrastructure at LGIM Real Assets
Notes to editors
LGIM Real Assets
LGIM Real Assets is a division of Legal & General Investment Management (LGIM), one of Europe’s largest institutional asset managers and a major global investor. LGIM manages £1.1tn in assets (as at 30 June 2019), working with a range of global clients, including pension schemes, sovereign wealth funds, fund distributors and retail investors. LGIM Real Assets, headed up by Bill Hughes, has AUM of £33.4bn (as 30 June 2019) and is one of the largest private markets investment managers in the UK. Investing in both debt and equity and across the risk/return spectrum, the platform actively invests in and manages assets across commercial, operational and residential property sectors, as well as infrastructure, real estate, corporate and alternative debt. By bringing these capabilities together under one platform, the business is able to offer its clients enhanced outcome-focused strategies and diversification benefits, with deep sector understanding across a broader investment universe. Taking a long term view in order to future proof its investments, the business continues to lead the industry in ESG performance, considering all environmental, social and governance issues at asset level as well as portfolio level.
Legal & General Group
Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with international businesses in the US, Europe, Middle East and Asia. With over £1.1 trillion in total assets under management at 30 June 2019, we are the UK’s largest investment manager for corporate pension schemes and a UK market leader in pensions de-risking, life insurance, workplace pensions and retirement income. We have also invested over £22 billion in direct investments such as homes, urban regeneration, clean energy and small business finance.