Natixis Investment Managers (Natixis IM) has launched a Degree Apprenticeship program, as part of its commitment to diversity, equity and inclusion.

Announced alongside the 2024 recipients of its Global Equal Opportunities Advancement Scholarships, the initiatives aim to reflect Natixis IM's dedication to fostering a diverse and inclusive workforce and providing opportunities for young individuals to thrive in the investment management industry. Natixis IM has already welcomed its first participant to the Degree Apprenticeship program, where they will have the opportunity to pursue a full undergraduate degree while gaining practical work experience within the company.

Legal and General (L&G) has agreed the sale of CALA Group to Ferguson Bidco Limited for £1.35bn.

The consideration for the sale will result in cash proceeds of £1.16bn (after adjustment for net debt), of which around £500m will be paid at closing, with the remaining consideration being paid over the next five years on a deferred non-contingent basis. The transaction is expected to be completed in Q4 2024 and follows L&G’s decision to create a Corporate Investments Unit as outlined at its Capital Markets Event in June 2024. It also reflects the group’s approach to capital allocation.

Carmignac has announced the launch of its first private equity strategy, Carmignac Private Evergreen.

The strategy is managed by a dedicated team of four seasoned private equity specialists, under head of private equity, Edouard Boscher. The launch marks the latest development in the firm’s private markets journey, following a series of initiatives through its own balance sheet, including, most recently, becoming a cornerstone investor of specialist secondaries firm, Clipway. The launch was also highlighetd as a "major milestone" in the expansion of the firm’s investment offering, adding a complementary private market product to its public-market fund range.

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