LGIM Real Assets (LGIM RA) announces that it has hired Jonathan Ord, formerly Investment Director, at Local Pensions Partnership Investments (LPPI) to lead its infrastructure equity investment strategy.
14 Jan 2019
LGIM RA’s infrastructure business has seen considerable growth in the last 12 months, with the infrastructure debt team making key hires and investing over £1.5 billion into all key social and economic infrastructure sectors across the UK, Europe, Australia and the USA. Jonathan Ord, another senior hire for the team, will report to Tom Sumpster, Head of Infrastructure. Ord, in this newly created role, will lead a new infrastructure investment strategy for LGIM RA, building its presence in infrastructure equity as it continues to expand its platform capabilities.
With 12 years’ experience in the sector, Ord has led a multitude of transactions for previous employers, most notably in his role as Investment Director for LPPI. During his time with LPPI, Ord helped establish both LPPI’s own infrastructure programme and GLIL Infrastructure LLP (GLIL), the £1.8bn infrastructure platform backed by a number of LGPS pension schemes. In addition to leading and executing transactions, Ord also had responsibility for the Asset Management of a number of LPPI and GLILs’ infrastructure investments.
Tom Sumpster, Head of Infrastructure Finance, said: “We are delighted that Jonathan is joining to expand our infrastructure investment origination capability into equity, providing LGIM RA clients with a greater product offering. As with our infrastructure debt investments, Jonathan will lead an investment strategy that focuses on environmentally and socially responsible assets that deliver attractive returns for our clients.”
Bill Hughes, Head of LGIM Real Assets: "This is another significant hire for the infrastructure team and we are pleased to have Jonathan on board. His appointment will further bolster our investment capabilities in infrastructure, demonstrating our commitment to expanding our platform so we can deliver a full spectrum of real estate and infrastructure products to clients."
Notes to editors
Legal & General Investment Management Real Assets (LGIMRA) is a division of Legal & General Investment Management (LGIM), one of Europe’s largest institutional asset managers and a major global investor. LGIM manages £1.28tn in assets (as at 31 December 2020), working with a range of global clients, including pension schemes, sovereign wealth funds, fund distributors and retail investors.
LGIM Real Assets has assets under management of £36.3bn (as at 31 December 2020) 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, LGIM Real Assets actively invests in and manages assets across commercial, operational and residential property sectors, as well as infrastructure, real estate, corporate and alternative debt.
Taking a long term view in order to future proof our investments, LGIM Real Assets continues to lead the industry in ESG performance, considering all environmental, social and governance issues at asset level as well as portfolio level. In 2021, we are implementing a strategy as part of our commitment to net zero carbon emissions across the real estate equity business by 2050, and have also committed to measuring social value across 20% of our platform by the end of the year.
(As of June 2021)
The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested. Past performance is no guarantee of future results. You should consult an independent investment adviser prior to making any investment in order to determine its suitability to your circumstances.
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 almost £1.3 trillion in total assets under management*, we are the UK’s largest investment manager for corporate pension schemes and a UK market leader in pension risk transfer, alternative asset origination, life insurance, workplace pensions and retirement income. Through inclusive capitalism, we aim to build a better society by investing in long-term assets that benefit everyone.
* at 30 June 2021