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”).
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"
Further information
Harriet de Beaufort-Suchlick
Head of External Communications, Institutional Retirement
Notes to editors
Established in 1836, L&G 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 FY25) of which c. 43% (c. £0.5 trillion) is international. We have a highly synergistic business model, which continues to drive strong returns. We are a leading player in Institutional Retirement, in Retail Savings and Protection, and in Asset Management through both public and private markets. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.