Legal & General Capital (LGC) announces that Jasan Fitzpatrick has been appointed Managing Director of Principal Investment, responsible for its investments in Venture Capital and SME finance, Build to Rent and Affordable Housing.

Legal & General says its principal investment strategy will continue to evolve under Fitzpatrick's leadership, exploring innovative ways to deploy capital and enhance returns across alternative asset capabilities.

A key area of focus for the business will be pioneering access to the Venture Capital asset class for defined contribution customers, whilst creating an asset portfolio which complements LGIM's investment strategy and supports the growth of Legal & General's retirement arm.

Fitzpatrick has been employed by LGC since July 2018, when he joined from CALA Group. With over 20 years' experience across the property and investment sectors, he was General Counsel and Company Secretary at Premium Credit Limited, a finance business owned by the private equity house Cinven, and General Counsel and Company Secretary at Northern Rock, prior to his role at CALA Group.

Fitzpatrick said: ‘The VC ecosystem is growing strongly in the UK. Forming an increasingly important part of the UK economy, start-ups and scale-ups continue to transform entire industries, generating strong returns and revolutionizing the way we live, work and play.

"Legal & General has committed capital to continue to support these businesses through existing venture capital managers. We also continue to see compelling opportunities to invest in the Build to Rent and Affordable Housing sectors.'

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Legal & General Capital (LGC) announces that Jasan Fitzpatrick has been appointed Managing Director of Principal Investment, responsible for its investments in Venture Capital and SME finance, Build to Rent and Affordable Housing.

Legal & General says its principal investment strategy will continue to evolve under Fitzpatrick's leadership, exploring innovative ways to deploy capital and enhance returns across alternative asset capabilities.

A key area of focus for the business will be pioneering access to the Venture Capital asset class for defined contribution customers, whilst creating an asset portfolio which complements LGIM's investment strategy and supports the growth of Legal & General's retirement arm.

Fitzpatrick has been employed by LGC since July 2018, when he joined from CALA Group. With over 20 years' experience across the property and investment sectors, he was General Counsel and Company Secretary at Premium Credit Limited, a finance business owned by the private equity house Cinven, and General Counsel and Company Secretary at Northern Rock, prior to his role at CALA Group.

Fitzpatrick said: ‘The VC ecosystem is growing strongly in the UK. Forming an increasingly important part of the UK economy, start-ups and scale-ups continue to transform entire industries, generating strong returns and revolutionizing the way we live, work and play.

"Legal & General has committed capital to continue to support these businesses through existing venture capital managers. We also continue to see compelling opportunities to invest in the Build to Rent and Affordable Housing sectors.'