Legal & General is investing $100m in the expansion of the University of California’s Merced County campus, its first such investment in the US.
Charles-Henry Lecointe, senior investment manager at LGIM Assets, the unit making the investment, said the company had built up a strong record in the space and continues to target transactions backed by economic and social infrastructure.
L&G has invested £8bn in UK infrastructure projects and is targeting total investments of up to £15bn.
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