Press releases
Legal & General commits to growth of its Venture Capital platform as it appoints Peter Maher as Head of Venture Capital Investing
Legal & General Capital (LGC) announces the appointment of Peter Maher as Head of Venture Capital (VC) Investing, supporting the growth of its SME Growth Equity platform.
19 May 2021
Within its VC platform, LGC now has 20 active funds under management, worth £230 million, having added 5 new funds to its portfolio over the last 12 months.
Through its SME Growth Equity platform, LGC has continued to invest in the real economy via start-up businesses in the UK and Europe. During a challenging time for smaller scale companies and newly formed businesses, LGC has remained committed to providing funding for over 300 companies, delivering enhanced returns whilst boosting job creation.
As part of its wider commitment to fostering innovation and technology advancements, LGC’s portfolio includes major European and global VC funds such as Balderton Capital, LocalGlobe, Dawn Capital and Sofinnova Partners, as well as NorthZone which incubated Hopin, the virtual events platform which became the fastest European “double unicorn” in history.
Peter has joined LGC from Cambridge Associates’ London office, where he led the team dedicated to European private equity, growth equity, VC fund manager origination, evaluation, and execution. Prior to that, he managed investment portfolios for private families in the US and Europe as a Director in Cambridge Associates’ Boston office. In his new role at LGC, Peter will develop and implement the strategy for LGC Venture Capital’s next stage of growth across all its existing and future VC investments.
Jasan Fitzpatrick, Managing Director of Principal Investing: "As we look to continue to grow and strengthen our Venture Capital investment arm, we are delighted to welcome Peter to the team. Peter brings with him extensive experience in originating VC investments and will help us continue to invest in new ground-breaking technologies and research which will help deliver job creation whilst ensuring the UK remains at the forefront of innovation."
Further information
Lauren Kemp
Group Head of Corporate Media & Issues
Group Communications
T: 07946 514 627
Notes to editors
Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with £1.2 trillion in total assets under management1 of which 40% is international. We have a unique and highly synergistic business model, which continues to drive strong returns. Legal & General provides powerful asset origination and management capabilities directly to clients, which also 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. Our purpose is to improve the lives of our customers and create value for our shareholders. Through inclusive capitalism, we are investing in long-term assets, such as real estate and infrastructure, that can help build a better society for the future.
1Data as at 31 December 2023.
Legal & General Capital (LGC) is Legal & General Group’s alternative asset platform, creating assets for Legal & General Retirement and third-party clients in order to achieve improved risk-adjusted returns for our shareholders. LGC has built its capabilities in a range of alternative sectors, including in residential property; specialist commercial real estate; clean energy; alternative credit; and venture capital, which are all supported by long-term structural growth drivers, meet a financing gap, and respond to a scarcity of supply that is underpinned by enduring societal needs.