10-07-2025
- Business
- Wall Street Journal
Blackstone, Legal & General Sign Up to $20 Billion Private-Credit Partnership
Private-markets company Blackstone and the U.K.'s Legal & General LGEN 0.84%increase; green up pointing triangle have agreed on a private-credit partnership that could be worth up to $20 billion.
Under the deal, the annuities business of the British insurer and pension provider will get access to mostly U.S. investment-grade assets via Blackstone's lending platform for private markets. L&G will invest up to 10% of the division's new business flows into it, they said Thursday.
