About This Fund
L&G Digital Infrastructure Fund (LDIF) is a private markets infrastructure equity fund launched in 2025 by Legal & General. Its core goal is to invest in the backbone assets that support the digital economy: data centres, fibre networks, wireless connectivity, cloud services, and associated infrastructure. It is Luxembourg-domiciled, structured under Article 8, and has achieved a first close of around €600 million (including co-investments). The fund will invest primarily in the UK and Europe, while reserving a selective global exposure, particularly in the US. It seeks high-quality, productive, fast-growing businesses and assets which accelerate digital transformation and enhance connectivity. LDIF is intended to leverage L&G’s sector expertise, existing relationships, and balance sheet, to incubate and scale infrastructure that supports longer-term macroeconomic trends. Targeting a gross IRR of ~15%, LDIF aims for stable but attractive returns by acquiring or building assets with long-duration demand, predictable cash flows, and strong growth potential underpinned by trends like AI adoption, cloud migration, and increasing data usage. The fund emphasises sustainable and resilient infrastructure, integrating ESG considerations, and seeking to deliver both financial return and real-economy benefits in terms of connectivity and economic productivity. The management team is led by experienced digital infrastructure specialists. The dedicated digital infrastructure team at L&G has been active since about 2018 along with deep experience across multiple deals and geographies (UK, Europe, US). The fund also works via strategic partnerships, co-investments, and with L&G’s balance sheet contributing alongside third-party institutional capital.