METLIFE REACHES NEARLY $10 BILLION IN PRIVATE PLACEMENTS IN 2015
$1.9 Billion Invested for Institutional Clients
New York, February 11, 2016
MetLife, Inc. (NYSE: MET) announced today that its investment management business, MetLife Investment Management (MIM), has invested $9.7 billion in corporate private placements, infrastructure debt and other private transactions during 2015 on behalf of MetLife and its unaffiliated investment management clients.
MIM is a leader in the private placement marketplace, managing a portfolio of $55.9 billion in private securities investments, including $40.8 billion in corporate debt and $10.7 billion in infrastructure debt transactions. Corporate private placements and infrastructure debt are an important part of MetLife’s asset-liability matching program.
MIM’s institutional client investment management business had a strong year, investing $1.9 billion, or 20 percent, of the $9.7 billion on behalf of its unaffiliated clients. The balance, $7.8 billion, was invested on behalf of MetLife’s general account.
MIM also added $3.9 billion in new commitments in 2015 from unaffiliated insurance companies and from pension plans globally. As of December 31, 2015, MIM managed approximately $6.1 billion in private placement assets for its growing unaffiliated client base.
“MIM had a successful and busy year as a major lender in the private placement market for both private corporate and infrastructure debt in 2015,” said Scott Inglis, managing director and head of private placement for MetLife Investment Management. “We believe our institutional investor customers like our scale, trust our expertise and agree with our strategic goals of enhancing returns while managing risk.”
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.
MetLife Investment Management (MIM) is the company’s institutional client investment business. Now in its fourth year of operation, MIM invests in a variety of strategies across various asset classes including real estate equity, real estate debt and private placements.