METLIFE INVESTS $10.2 BILLION IN PRIVATE PLACEMENTS IN 2016, INCLUDING ORIGINATING $3.3 BILLION IN INFRASTRUCTURE DEBT
A Record $2.2 Billion Invested for Investment Management Clients
New York, April 4, 2017
MetLife, Inc. (NYSE: MET) today announced that on behalf of the company and its investment management clients, it has originated $10.2 billion in corporate private placements, infrastructure debt and other private transactions during 2016.
MetLife is a leader in the private placement marketplace, managing a portfolio, as of Dec. 31, 2016, of $58.5 billion in private securities investments, including $44.4 billion in corporate private placements and $12.8 billion in infrastructure debt on behalf of the company and its investment management clients. MetLife, on behalf of the company and its investment management partners, originated infrastructure debt transactions of $3.3 billion in 2016, with almost 40 percent of these transactions in the U.S.
MetLife is a global leader in infrastructure debt and last year was named Global Institutional Investor of the Year by Private Equity International’s Infrastructure Investor.
MetLife Investment Management (MIM), the company’s institutional client investment management business, had a record year, investing $2.2 billion, or 22 percent of the $10.2 billion, on behalf of its unaffiliated clients. The balance of $8.0 billion was invested on behalf of MetLife’s general account.
“MetLife had a strong year originating corporate and infrastructure private placements in North America, Europe, Australia and Latin America,” said Scott Inglis, managing director and head of private securities for MetLife. “Our industry focused team provides knowledge and expertise working closely with issuers across a broad spectrum of businesses.”
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.