Press release

LGIM Real Assets private credit business closes first two Euro deals

LGIM Real Assets (Legal & General) is pleased to announce the completion of its second Euro deal this year, having invested, on behalf of its clients including Legal & General Retirement (LGR), c.£44 million, of which €30 million was Euro denominated, in TCR Group (“TCR”).

5 Jul 2018

Press release (PDF 86KB)Newsroom

TCR are a leading rental provider of ground support equipment and related services to independent ground handlers, airlines and airports in a market that has been performing strongly as global air travel grows and the need for ground support equipment increases.

The first Euro investment in April 2018 was part of a multi-currency private placement in Terminal Investments Limited (TiL), the 6th largest container terminal owner and operator in the world, with interests in 38 terminals across 24 countries and five continents. TiL has a presence in seven of the world’s 25 busiest ports including Antwerp, Rotterdam, New York and Singapore.

Charles-Henry Lecointe, Senior Infrastructure Investment Manager:
"We are delighted to have made our second Euro investment this year. The infrastructure supporting the global transport industry continues to be a significant focus for LGIM Real Assets... We expect to continue to be active in this market"

Harriet de Beaufort-Suchlick

Head of Corporate Communications

Private Markets, Asset Management

T: +44 (0)7717 533 079Email Harriet de Beaufort-Suchlick

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 management (as at HY24) 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.

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