METLIFE EXCEEDS $8 BILLION IN PRIVATE PLACEMENTS IN 2014
$1.9 Billion Invested for Asset Management Clients
New York, February 17, 2015
MetLife, Inc. (NYSE: MET) announced today that it invested, through MetLife Private Capital Investors (MPCI), $8.4 billion in corporate private placements, infrastructure debt and other private transactions during 2014, on behalf of itself and its investment management clients.
MetLife is a leader in the private placement marketplace, managing a portfolio of $56 billion in private securities investments, including $42 billion in corporate debt and $9 billion in infrastructure debt transactions. Corporate private placements and infrastructure debt are an important part of MetLife’s asset-liability matching program.
MetLife’s third party investment management business had a strong year. MPCI invested $1.9 billion, or 23 percent, of the $8.4 billion on behalf of MPCI’s investment management clients. The balance, $6.5 billion, was invested for MetLife’s general accounts.
MPCI also added $2.2 billion in new commitments in 2014 from other insurance companies and pension plans globally. As of December 31, 2014, MPCI managed approximately $4 billion in private placement assets for its growing client base.
“MetLife actively participated in the private placement marketplace in 2014 as a leading lender of both private corporate debt and infrastructure debt,” said Scott Inglis, managing director and head of MetLife Private Capital Investors. “One of our significant differentiators for our clients is that we co-invest alongside them. Together, we invest in what we believe are well-structured transactions in quality companies that provide unique diversity versus publicly traded offerings.”
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the largest life insurance companies in the world. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.