MetLife Investment Management reaches a record $11.2 billion in private debt origination in 2017
Strong 2017 investment and origination activity in private assets takes total private debt portfolio to $66.1 billion
WHIPPANY, N.J., April 18, 2018
MetLife Investment Management (“MIM”), MetLife, Inc.’s (NYSE: MET) institutional asset management platform, announced today that it reached $11.2 billion in private debt origination in 2017, a record amount for MIM. This included $4.5 billion of investments on behalf of MIM’s unaffiliated/third-party institutional investors.
MIM’s private debt origination included $7.4 billion in corporate private placement transactions (including Rule 144A securities) and $3.8 billion in infrastructure and project finance debt transactions. Investment activity was geographically diverse and included transactions across North America, Europe, Australia and Latin America. MIM’s local presence in each of these regions enabled the group to leverage its strong market relationships, supporting the record year of activity.
MIM’s infrastructure platform continued to support social and economic development globally through focused investments in sectors such as airports, ports, railroads, renewable power, energy management and social housing projects. MIM’s private corporate origination platform continued to leverage its sector expertise across a broad range of industries such as REIT’s, aviation, consumer products, sports finance and utilities.
MIM, a leader in the private debt market, saw its total private debt portfolio reach $66.1 billion as at 31 December 2017, comprised of $48.4 billion in corporate private placements (including Rule 144A securities) and $17.7 billion in infrastructure and project finance debt.
“We had a record year in private debt which supported the continued growth in the assets we manage,” said John Wills, global head of private debt origination, MetLife Investment Management. “Our success is attributable to our broad market presence, industry expertise and strong market relationships – all of which enable us to deliver tailored private debt solutions to our clients.”
About MetLife Investment Management
MetLife Investment Management, MetLife, Inc.’s institutional asset management platform, provides institutional investors including corporate and government pension plans, insurance companies and other financial institutions with long-term public and private investment and financing solutions. With operations in the Americas, Asia and the Europe, Middle East & Africa (EMEA) regions, MetLife Investment Management manages assets for third-party institutional investors, separate accounts and MetLife, Inc.’s general account. MetLife Investment Management leverages a disciplined credit research and underwriting process to provide institutional investors with asset origination and acquisition opportunities and proprietary risk management analytics across traditional fixed income strategies, commercial real estate debt and equity investing, agricultural financing, and private placements, among others. For more information, visit www.metlife.com/investments.
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 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.
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