VP/Senior Investment Associate - Infrastructure Debt

Legalandgeneral; Chicago (IL); On-site; USD 150,000 - 200,000; Full time

Benefits offered by this job

Health insurance

401K plan

Vacation & time off

Commuter/transit programs

Discretionary bonus plan (eligibility)

Job summary

L&G Asset Management is seeking a VP/Senior Investment Associate to originate, analyze, and manage infrastructure debt investments for global clients. You will work with Chicago and London teams to assess opportunities, oversee due diligence, and structure transactions in a dynamic private credit environment.

The role focuses on infrastructure debt across issuers and private placements, with a path to lead larger transactions while collaborating with internal partners to ensure compliance with

Qualifications

• 8–12 years on buy-side debt private placements in infrastructure debt.
• Experience across multiple sectors within infrastructure debt.
• Ability to review large transaction volumes and identify suitable investments.
• Strong organizational, communication, and analytical skills.
• Knowledge of credit risks, rating methodologies, and legal documentation.

Responsibilities

• Originate, underwrite, execute, and manage infrastructure debt opportunities for clients.
• Filter potential investments for credit, value, duration, and portfolio fit.
• Conduct due diligence including credit and legal analysis; prepare investment materials.
• Collaborate with PMs, Ratings and Legal to ensure alignment with guidelines.
• Manage existing investments via regular reports and risk views; seek waivers and approvals.

Skills

Infrastructure debt

Credit analysis

Investment diligence

Financial modeling

Portfolio management

Stakeholder collaboration

Job description

VP/Senior Investment Associate - Infrastructure Debt

• Full-time
• Permanent/Regular or Fixed Term Contract/Temporary: Permanent (UK and ROW) / Regular (US)
• L&G Business Unit: Legal & General Investment Management
• L&G sub Business Unit: LGIMA
• Primary Location: USA, Chicago
• Job Family: Investments LGIM
• Compensation: USD 150,000 - USD 200,000 - yearly

L&G's Asset Management business is a major investor across public and private markets worldwide, with $1.533 trillion in AUM.* Our clients include individual savers, pension scheme members and global institutions, who invest alongside L&G's own balance sheet.

Our ambition is to be a leading global investor, innovating to solve complex challenges for our clients using the power of L&G. This is rooted in our investment philosophy and processes, which are focused on creating value over the long term.

We believe that incorporating financially material sustainability criteria, when relevant to our clients, can generate value and drive positive change.

The Senior Investment Associate is responsible for the origination, analysis, execution and management of investment grade debt private placements for L&G Asset Management clients. This role will be primarily focused on a wide range of infrastructure issuers but will also help develop new investment opportunities within the structured finance and corporate sectors.

US Private Credit is part of a globalteam that is comprised of more than 50 investment professionals managing a growing global portfolio of more than $30 billion. The US team was founded in 2017 and is focused on covering transactions from issuers based in North America and Australia with a focus on infrastructure debt investments, corporate private placements, structured finance, and commercial mortgage loans. L&G Asset Management’s clients and affiliates have been increasing their demand for private investments and have made substantial commitments to grow the US private credit portfolio.

Responsibilities:

• Work closely with colleagues in Chicago and London to originate, underwrite, execute, and manage infrastructure debt investment opportunities for our clients
• Filter potential investments determining suitability from the perspective of credit, value, duration, and overall portfolio fit
• Conduct fundamental investment due diligence including credit and legal analysis, prepare investment committee materials, and obtain required approvals
• Collaborate with internal partners, such as PMs, Ratings and Legal, to ensure investment opportunities are suitable for our clients and meet their respective investment guidelines
• Manage existing investments by reviewing regular financial and compliance reports, updating risk views in real time, and seeking waivers and approvals according to the relevant procedures
• Administer key internal and external counterparty and borrower relationships.
• Support the marketing process to raise capital from new clients and to develop investment solutions for borrowers and other market participants
• Assist the formulation of the broader investment strategy by identifying transactions and sub-sectors that could be appropriate investment targets for our clients

• The candidate is likely to have 8-12 years' experience in buy-side debt private placements with experience across multiple sectors in infrastructure debt. Successful candidates may also have experience in a bank credit program or with an infrastructure sponsor
• The role requires reviewing large numbers of transactions to identify suitable investments that align with our focus on structure, credit, and relative value and to structure bilateral transactions in house as required
• The candidate will need to be organized, focused, and self-motivated with strong communication and analytical skills
• Demonstrable expertise in investment diligence, with knowledge in identifying credit risks, rating agency methodologies, reviewing and negotiating legal documentation, and analyzing financial models

The starting salary offer will vary based on multiple factors, including but not limited to the applicant’s education, job-related experience, skills, and abilities, geographic location, and market factors. This position is also eligible to participate in the company’s annual discretionary bonus plan. Full time employees may be eligible for health insurance with an optional HSA, short term disability, long term disability, dental insurance, vision care, life insurance, Healthcare, Dependent and Limited Care Flexible Spending Accounts, 401K, vacation, sick time, an employee assistance program, and commuter and transit programs. Additional voluntary programs include:supplemental health benefits including accidental injury, critical illness and hospital indemnity insurance and pet insurance.

EOE Statement

As an EOE employer, L&G Asset Management, America will extend equal opportunity to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity, ancestry, national origin, age, disability, medical condition, genetic information, marital status, pregnancy, military status, and/or any other characteristic protected under applicable federal, state or local laws governing non-discrimination in employment. (2025)