L&G kicks off U.S. infrastructure push with university deal

British insurer Legal & General has agreed its first infrastructure deal in the United States, investing around $100 million to help the University of California, Merced, expand its campus. The deal is part of a roughly $760 million financing package that will see the campus more than double in size to accommodate 10,000 students and allow the university to grow its research and teaching programs, Legal & General said in a statement. "We ... continue to target transactions backed by econ