News & Analysis

Loan Note: L&G, Blackstone agree annuities deal; Blue Owl launches Australian credit fund

Legal & General and Blackstone have agreed a multi-billion-dollar deal to invest annuity cash in private credit. Plus: Blue Owl and Koda team up to offer private debt to Australian clients; and Moody's warns over CLOs.

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They said it

“Unfortunately I think there is complacency in markets, and [they are] a little desensitised”

JPMorgan Chase CEO Jamie Dimon says he thinks markets are underpricing the risk of US interest rate rises

First look

L&G, Blackstone’s annuity tie up could be worth up to $20bn. Source: Getty

L&G pens private credit annuities deal with Blackstone

Insurer Legal & General has agreed a partnership with Blackstone to leverage its private credit platform to access diversified investment-grade assets in the US for its annuities business.

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