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Real estate industry

Legal & General Invests $200 Million in US Real Estate Group Taurus

Strategic Insights

— 2 min read

Legal & General, a leading investment group, has entered into a significant partnership with Taurus Investment Holdings, a US-based real estate investment firm. The deal, which involves a $200 million investment, is a strategic move to accelerate Legal & General's expansion into private markets and reduce its reliance on traditional listed investments. Taurus, founded in 1997, manages assets worth $11 billion and specializes in multifamily real estate and industrial property, which have proven to be the best-performing subsectors in the US over the past 20 years.

Key Takeaways:

  • Legal & General has invested $200 million in Taurus Investment Holdings, a US-based real estate investment firm, as part of an aggressive expansion into private markets.
  • The deal marks a significant partnership between the two companies, with the potential for Legal & General to increase its stake in Taurus and take control.
  • Taurus specializes in multifamily real estate and industrial property, which have been the best-performing subsectors in the US over the past 20 years.
  • Legal & General aims to buy existing apartment blocks and improve them for rent, using its own capital initially and planning to introduce client money to the investment later.
  • The partnership is expected to accelerate progress in US real estate and build scale in Legal & General's private markets division.
  • Legal & General's private markets division has a target of expanding assets under management to £85 billion by 2028.
  • The investment group has already deployed over £5 billion into the US private credit market.

Statistics:

  • $200 million: The amount invested by Legal & General in Taurus Investment Holdings.
  • $11 billion: The value of assets managed by Taurus Investment Holdings.
  • $231.9 billion: The value of assets under management by Legal & General in the US.
  • 250 people: The number of people working in Legal & General's US-based private markets division.
  • 20 years: The period over which multifamily real estate and industrial property have been the best-performing subsectors in the US.
  • 2028: The year by which Legal & General aims to expand its private markets assets under management to £85 billion.
  • £5 billion: The amount deployed by Legal & General into the US private credit market.

Sources:

  • Financial Times
  • Legal & General
  • Taurus Investment Holdings

- "Legal & General invests £200m in US real estate deal", Financial Times, [No date]

- "Legal & General acquires $200m stake in Taurus Investment Holdings", Legal & General, [No date]

- "Taurus Investment Holdings | Multifamily Real Estate", Taurus Investment Holdings, [No date]

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