Investment Analyst - Co-investments (m|f|x)

Legal & General (L&G) is a leading UK financial services group and major global investor. We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders. We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

Our global asset management business provides our clients and partners with complex, responsible investment solutions, working internationally across public and private markets. We are one of Europe’s largest asset managers and a major global investor across public and private markets. Asset Management is a critical driver of our Group strategy. The business aims to work synergistically with our Institutional Retirement and Retail divisions to benefit our clients and customers, and deliver enhanced shareholder returns.

Our investment philosophy and processes are focused on creating value over the long term. We believe that incorporating financially material sustainability criteria, when relevant to our clients, can create value and drive positive change.

We are currently seeking an Investment Analyst – Co-Investments (Manager level) to join our team to help drive continued growth of the private markets proposition within the Asset Allocation team. This is a fantastic opportunity for an inquisitive fast learner with an interest in multi-asset, private markets, and fund-of-fund investments.

The role will strengthen our capabilities for direct investments and co-investments within our multi-manager private market offering, including the market leading L&G Private Market Access Fund. You'll be working alongside the existing manager research team and feed directly into the portfolio management team, taking a lead on the evaluation, due diligence and monitoring of co-investment opportunities.

The Asset Allocation team combines L&G Asset Management’s economic and multi-asset research capabilities with portfolio management groups across a range of multi-asset product categories. The team brings experience from across investment management, investment consulting, banking and academia, and works with pension funds, insurers and retail clients.

• Conducting quantitative and qualitative analysis to support investment decision‑making and risk management.
• Forming and communicating independent opinions on investment opportunities to a high standard.
• Performing and leading due diligence on co‑investment opportunities, including reviewing and challenging financial and valuation analysis, market analysis, technology assessments and operating models.
• Collaborating with legal, compliance, operations and other relevant teams throughout deal execution and post‑investment stages.
• Involving yourself in strategic initiatives such as process automation, improving analytical tools, and representing the front office in new investment set‑ups and change processes.
• Progressing delegated tasks independently from fund managers and working across the wider Legal & General business.
• Understanding of private markets and co‑investments, including valuation approaches (DCF, multiples, precedent transactions).
• Ability to assist in quantitative work, including using, maintaining and improving Python tools.
• Previous experience in private markets or fund‑of‑funds, with knowledge across asset classes such as infrastructure, real estate or private equity.
• Strong analytical ability and intellectual curiosity.
• Experience managing projects while maintaining high‑quality deliverables.
• Ability to communicate clearly and work collaboratively with stakeholders.

The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes. Life assurance, Healthcare Plan (permanent employees only), at least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday. Competitive family leave. Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only). There are the many discounts we offer – both for our own products and at a range of high street stores and online. We’re creating net‑zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK, all designed to bring people together and elevate the in‑person experience.