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L&G enters private credit partnership with Blackstone

Written by Adam Cadle
11/07/2025

Legal & General (L&G) has entered a private credit partnership with Blackstone.

L&G said the partnership would help it strengthen in two areas targeted by CEO Antonio Simoes: the United States and private credit.

Furthermore, it said its annuities business would access investment-grade credit assets via Blackstone, particularly in the US, investing billions of pounds over time by putting in up to 10% of the unit's new business flows.

"L&G will benefit from a more diverse pipeline of assets for our annuity book, and growth in asset management as we develop more sophisticated investment solutions for clients around the world," Simoes said.


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