Press releases

Legal & General expands its private credit business with three senior hires

LGIM Real Assets (Legal & General) announces that it has made three senior appointments for LGIM Real Asset’s Private Credit business, with Lorna Brown joining as Head of Real Estate Debt EMEA, Stuart Hitchcock as Senior Portfolio Manager and Matthew Taylor as Senior Investment Manager, Corporate Private Debt.

8 Jan 2018

Press Release (PDF 86KB)

These key hires support the significant progression of the Private Credit platform as it continues to build out its team and expand its capabilities within LGIM Real Assets.  The team now manage approximately £7bn of private credit assets having deployed approximately £2.7bn of new money in 2017.  These investments have included lending across the infrastructure, corporate and real estate sectors in the UK, US, EMEA and Australia.

Reporting to Head of Private Credit, Nicholas Bamber, Lorna Brown brings 20 years’ experience working in the real estate industry. She most recently worked at Blackstone Real Estate as Managing Director where she held a diverse real estate role including sourcing, evaluating and asset managing real estate investments across Europe. For LGIM Real Assets, Lorna will develop our existing Real Estate debt business and expand its scope for internal and external clients leveraging the strengths of our wider Real Assets franchise.

Also reporting to Nicholas Bamber, Stuart Hitchcock joins most recently from New York Life Investors, where he was Managing Director and established the firm’s London office for its international (non-North America) activities. He led a team responsible for assets across a range of sectors and geographies with AUM >US$10bn.  Stuart will be the senior portfolio manager for our clients as they seek to invest in private credit assets.

Reporting to Calum Macphail, Head of Corporate Private Credit, Matthew Taylor joins from HSBC where he was a Director, primarily responsible for corporate securitisations within HSBC’s Structured Bonds Team.   Matthew brings over 20 years of experience in the finance industry and will focus on sourcing structured assets that achieve secure income for our clients.

Nicholas Bamber, Head of Private Credit, LGIM Real Assets, said:   “These senior hires will help us to grow the integrated investment management solutions we can offer for our customer base, bolstering our investment capabilities in new emerging sub-sectors. Our private credit platform continues to build as demand increases for high quality private credit across each of the corporate, infrastructure and property asset classes and our established platform is set to benefit from our teams’ talented and varied experience.”

Bill Hughes, Head of LGIM Real Assets, comments: “Our established private credit platform allows us to further capitalise on the synergies that exist across our infrastructure, property and corporate credit businesses. The growth of this part of the business is testament to our holistic real assets strategy, the increasing emphasis from our clients upon “outcome investing”, and demonstrates the deep cross sector expertise that we have embedded across the platform.”

Bill Hughes, Head of LGIM Real Assets: The growth of this part of the business is testament to our holistic real assets strategy... and demonstrates the deep cross sector expertise that we have embedded across the platform.

Further information


Olivia Bayliss

Head of Communications

Capital and LGIM Real Assets


Faye Bennett

Head of Housing PR

Legal & General Capital

Notes to editors

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 £1.29 trillion1 ($1.57tn) in
assets, 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 billion2 ($43.8bn) 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.

1LGIM internal data as at 30 June 2022. These figures include assets managed by LGIMA, an SEC Registered Investment Advisor. Data includes derivative positions.
2Source: LGIM Real Assets. AUM data as at 30 June 2022.

*at 13 Jan 2023


For professional clients only. Past performance is not a guide to the future. 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. Views expressed are of LGIM as at 12 January 2023. The Information in this document (a) is for information purposes only and we are not soliciting any action based on it, and (b) is not a recommendation to buy or sell securities or pursue a particular investment strategy; and (c) is not investment, legal, regulatory or tax advice. Legal & General Investment Management Limited. Registered in England and Wales No. 02091894. Registered Office: One Coleman Street, London, EC2R 5AA. Authorised and regulated by the Financial Conduct Authority, No. 119272.

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 management (as at FY23) of which c40% (circa £0.5 trillion) is international.

We have a highly synergistic business model, which continues to drive strong returns. We are a leading international player in Institutional Retirement, in Retail Savings and Protection, and in both public and private markets through our Asset Management division. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.

As at 7 June 2024, we estimate the Group’s Solvency II coverage ratio to be 224%.

As at 11 June 2024, Legal & General has a market capitalisation of £14.6 billion.