Press releases

Legal & General appoints heads of infrastructure debt in US and Europe

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.

21 Oct 2019

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.”

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)


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Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with over £1.4 trillion in total assets under management* of which a third is international. We also provide powerful asset origination capabilities. Together, these underpin our leading retirement and protection solutions: we are a leading international player in pension risk transfer, in UK and US life insurance, and in UK 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 31 Dec 2021