Legal & General Group’s alternative asset platform, Legal & General Capital (LGC), has hired Alex Wharton as managing director for distribution and partnerships.
Wharton is tasked with supporting the delivery of LGC’s strategic growth, enabling purpose-driven capital partners searching for private markets solutions to invest alongside LGC in alternative asset classes and partnerships that drive financial returns with positive social and environmental outcomes.
According the LGC, the rise of private markets as a major investment theme is leading to an increased demand from investors for expertise and aligned partners in this space.
“Legal & General’s dual goals to generate outstanding financial returns and significant societal impact has led it to develop unique investment capabilities that meet the societal need for investment in key sectors, including urban regeneration, digital infrastructure, clean energy, housing and venture capital,” said Laura Mason, CEO at LGC.
“Alex’s appointment will support our ambitions to bring like-minded partners alongside us to further scale our impact.”
Wharton has over 20 years’ sector experience, most recently as head of insurance relationships at Aviva Investors, where he successfully built out Aviva Investors’ third party insurance channel, capital raising from large scale, tier one insurers, across traditional and alternative asset classes. Previously, Wharton has held senior client facing positions at Natixis Investment Managers and the Financial Times.
“Legal & General Capital have built an envious reputation for deploying capital at scale in long-term projects that benefit both the environment and society. This mirrors the needs of investors who are increasingly measuring performance, not just through the lens of investment return but, equally, through the delivery of impact,” said Wharton.
“I am excited to help Laura and LGC in building partnerships with investors and organisations that share this alignment of goals as we continue to scale and grow.”