Investment Analyst - Co-investments

Legal & General (L&G) is a leading UK financial services group and major global investor. 

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders. 

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. 

Our global asset management business provides our clients and partners with complex, responsible investment solutions, working internationally across public and private markets. 

Who we are 

We are one of Europe’s largest asset managers and a major global investor across public and private markets.

Asset Management is a critical driver of our Group strategy. The business aims to work synergistically with our Institutional Retirement and Retail divisions to benefit our clients and customers, and deliver enhanced shareholder returns.  

Our investment philosophy and processes are focused on creating value over the long term. We believe that incorporating financially material sustainability criteria, when relevant to our clients, can create value and drive positive change. 

We are currently seeking an Investment Analyst – Co-Investments (Manager level) to join our team to help drive continued growth of the private markets proposition within the Asset Allocation team. This is a fantastic opportunity for an inquisitive fast learner with an interest in multi-asset, private markets, and fund-of-fund investments

The role will strengthen our capabilities for direct investments and co-investments within our multi-manager private market offering, including the market leading L&G Private Market Access Fund. You'll be working alongside the existing manager research team and feed directly into the portfolio management team, taking a lead on the evaluation, due diligence and monitoring of co-investment opportunities

The Asset Allocation team combines L&G Asset Management’s economic and multi-asset research capabilities with portfolio management groups across a range of multi-asset product categories. The team brings experience from across investment management, investment consulting, banking and academia, and works with pension funds, insurers and retail clients

What you’ll be doing:

• Conducting quantitative and qualitative analysis to support investment decision‑making and risk management
• Forming and communicating independent opinions on investment opportunities to a high standard
• Performing and leading due diligence on co‑investment opportunities, including reviewing and challenging financial and valuation analysis, market analysis, technology assessments and operating models
• Collaborating with legal, compliance, operations and other relevant teams throughout deal execution and post‑investment stages
• Involving yourself in strategic initiatives such as process automation, improving analytical tools, and representing the front office in new investment set‑ups and change processes
• Progressing delegated tasks independently from fund managers and working across the wider Legal & General business

Who we’re looking for:

• Degree‑level education in a science, engineering, economics, IT, business or maths‑based discipline
• Understanding of private markets and co‑investments, including valuation approaches (DCF, multiples, precedent transactions)
• Ability to assist in quantitative work, including using, maintaining and improving Python tools
• Previous experience in private markets or fund‑of‑funds, with knowledge across asset classes such as infrastructure, real estate or private equity
• Strong analytical ability and intellectual curiosity
• Experience managing projects while maintaining high‑quality deliverables
• Ability to communicate clearly and work collaboratively with stakeholders

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
• Healthcare Plan (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 (permanent employees only)
• There are the many discounts we offer – both for our own products and at a range of high street stores and online
• We’re creating net‑zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK, all designed to bring people together and elevate the in‑person experience

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all. 

If you join us, you’ll be part of a welcoming, inclusive 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 care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can. 

It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.