Articles from MetLife Investment Management

MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSEMET), today announced that it has reached a definitive agreement to acquire three investment teams and assets managed by Mesirow, an independent, employee-owned financial services firm. MIM is acquiring the high yield and bank loan, strategic fixed income and small-cap equity teams and certain related investment products.

MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSEMET), today announced that it has reached a definitive agreement to acquire PineBridge Investments (PineBridge), a global asset manager with approximately $100 billion in assets under management,1 from the Pacific Century Group. The transaction is comprised of $800 million in cash at closing, $200 million subject to achieving certain 2025 financial metrics and $200 million subject to a multi-year earnout. The acquisition excludes PineBridge’s private equity funds group business and its joint venture in China.

MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSEMET), today announced it has been named a “2024 Best Place to Work in Money Management” by Pensions & Investments. This marks MIM’s fourth consecutive year on the list.

MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSEMET), today announced that it has appointed Kerry O’Brien as global head of Insurance Asset Management and Liability Solutions. She will be responsible for the execution of investment strategies for the MetLife general account, helping drive growth in MIM’s third-party insurance client channel as well as working with teams to drive liability solutions across other client segments.

MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSEMET), today announced that it has named Jude Driscoll its president, effective Sept. 1.

MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSEMET), today announced the launch of its second private equity fund for institutional clients in concert with the closing of approximately $1.2 billion in commitments to a new MIM-managed fund-of-funds.

MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSEMET), today announced that it has brought together its public fixed income and private capital offerings into a unified structure led by Jude Driscoll, who was named MIM’s global head of Fixed Income and Private Capital.

MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSEMET), today announced it has been named a “2023 Best Place to Work in Money Management” by Pensions & Investments. This marks MIM’s third consecutive year on the list.

MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSEMET), announced today that it has successfully closed the MetLife Single Family Rental Fund, LP (SFR Fund) with $390 million in capital commitments.

MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSEMET), announced today that it originated $4.0 billion in agricultural mortgage loans across over 400 notes in 2022. MIM’s total agricultural mortgage loan assets under management reached $21.6 billion,1 up 40% over the five-year period ending December 31, 2022. MIM maintained its position as the largest, non-governmental sponsored source of agricultural mortgage capital for the sector.2

MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSEMET), today announced it was the sole lender for approximately $200 million in financing to support the decommissioning of the last two coal-fired plants in New Jersey.

MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSEMET), announced the launch of a private equity fund investment platform for institutional clients in concert with the closing of approximately $1.6 billion in commitments to a new MIM-managed fund-of-funds. The new fund purchased a portfolio of approximately $1.2 billion of private equity and venture capital assets with funded and unfunded commitments totaling $1.2 billion from MetLife affiliates as part of a managed secondary sale transaction anchored by funds managed by HarbourVest Partners L.P., which served as lead investor.

MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSEMET), today announced that it completed $18.6 billion in new commercial real estate debt and equity transactions in 2021, advancing its leadership position as one of the largest U.S. and global real estate investors. MIM’s gross market value of commercial real estate assets under management (AUM) grew to $109.8 billion1 as of December 31, 2021, a reported record for MIM. As of December 31, 2021, gross market value of total commercial mortgage loan AUM climbed to $73.0 billion2 while gross market value of total real estate equity AUM reached $36.8 billion.3

MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSEMET), announced today that it has placed long-term, first mortgage loans secured by approximately 832,000 acres of timberland and timber across the Southeastern United States. The financing allows Tamarack Timberlands LLC, which is owned by Ontario Teachers’ Pension Plan and whose assets are managed by Resource Management Service, LLC, to complete a $625 million redemption transaction and assume direct ownership of its timberland assets in the U.S. South.

MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSEMET), today announced it has been named a “2021 Best Place to Work in Money Management” by Pensions & Investments. This marks MIM’s first year on the list.

MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSEMET), today announced that it has arranged GBP 122.5 million in loan notes for Triple Point Social Housing REIT plc (Triple Point) (LSE: SOHO) to refinance existing debt and support the future growth of the company. The financing is part of Triple Point’s GBP 195 million private placement program that is linked to sustainability targets.

MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSEMET), and Norges Bank Investment Management (NBIM), the asset management division of Norges Bank, today announced the acquisition of One Memorial Drive in Cambridge, Massachusetts for $825.1 million. The transaction represents the largest single-asset U.S. office transaction to date in 2021, according to data provider CoStar.