Legal & General Investment Management (LGIM) has hired Abrdn’s Neil Meikle to boost its private assets expertise.
Meikle was previously global head of real asset and private credit investment specialists at Abrdn.
He has been appointed to the newly-created role of head of real estate capital raising at LGIM, according to Citywire.
Read more: BlackRock hires global co-heads of real estate
“LGIM has a clear intention to continue to take its market-leading capabilities and sustained track record across the real estate sector to clients, globally,” an LGIM spokesperson told Citywire.
“Neil will be reporting into our head of sales, Christy Lindsay; actively fundraising the platform’s existing products, supporting future real estate solutions and strategies, and playing a key role in the expansion of Legal & General’s overall private markets offering.”
Read more: Federated Hermes expands real estate team with new hire
LGIM has been clear about its plans to expand its private assets business. In January, it submitted a regulatory application to launch a private assets fund for defined contribution pension investors.
Read more: $500bn opportunity for commercial real estate private debt
