L&G cheers push into private credit as profit jumps

L&G cheers push into private credit as profit jumps

Legal & General cheered a rise in profit amid a greater push into private credit by its asset management arm. The FTSE 100 firm toasted the “continued fundraising success” across its private markets investments as it vowed to increase investment over the next two years. Total private markets assets under management (AUM) jumped by more than a fifth to £79bn during the period, L&G said, including growth across private credit, real estate and infr…

L&G profits rise as private markets push pays off

Legal & General (L&G) reported a seven per cent rise in profit in the first half of 2026 as its asset management division continued to expand into private markets, including private credit. In its half-year results, the FTSE 100-listed insurer reported operating profit of £918m, up from £859m in the first half of 2025. Operating […] The post L&G profits rise as private markets push pays off appeared first on Alternative Credit Investor.

DE Shaw expands private markets push with launch of second Voltaic fund

Hedge fund giant DE Shaw is expanding its private markets platform with the launch of a second dedicated venture and growth equity vehicle, underscoring the firm’s continued push beyond traditional hedge fund investing, according to a report by Institutional Investor. The report cites regulatory filings as showing that the firm is seeking capital for Voltaic II, a closed-end fund that will target privately held companies, primarily post-seed ven…

L&G posts 7% core profit growth in H1

Core operating profit rose to £918m during the six months to 30th June, while core operating earnings per share (EPS) increased 11%.

Legal & General core operating profit rises 7% in 2026 first half

Legal & General Group Plc (LON:LGEN) has announced its 2026 half year results. António Simões, CEO: “We are making good progress in becoming a simpler, more focused L&G. Core operating profit grew 7%, core operating EPS increased 11%, and we have completed c.£450m of our £1.2bn buyback programme. We have improved dividend cover by earnings and capital generation. We are pleased to confirm a 2% interim dividend increase as we continue to deliver …