MetLife Investment Management Reaches a Record $11.2 Billion in Private Debt Origination in 2017
April 18 2018 - 4:37PM
Business Wire
Strong 2017 investment and origination activity
in private assets takes total private debt portfolio to $66.1
billion
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.
About MetLife
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.
Forward-Looking Statements
This news release may contain or incorporate by reference
information that includes or is based upon forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements give expectations or
forecasts of future events. These statements can be identified by
the fact that they do not relate strictly to historical or current
facts. They use words such as “anticipate,” “estimate,” “expect,”
“project,” “intend,” “plan,” “believe,” “will be,” “will not,” and
other words and terms of similar meaning, or are tied to future
periods, in connection with a discussion of future financial
performance. In particular, these include statements relating to
future actions, prospective services or products, future
performance or results of current and anticipated services or
products, sales efforts, expenses, the outcome of contingencies
such as legal proceedings, trends in operations and financial
results.
Any or all forward-looking statements may turn out to be wrong.
They can be affected by inaccurate assumptions or by known or
unknown risks and uncertainties. Many such factors will be
important in determining the actual future results of MetLife,
Inc., its subsidiaries and affiliates. These statements are based
on current expectations and the current economic environment. They
involve a number of risks and uncertainties that are difficult to
predict. These statements are not guarantees of future performance.
Actual results could differ materially from those expressed or
implied in the forward-looking statements. Risks, uncertainties,
and other factors that might cause such differences include the
risks, uncertainties and other factors identified in MetLife,
Inc.’s most recent Annual Report on Form 10-K (the “Annual Report”)
filed with the U.S. Securities and Exchange Commission (the “SEC”)
and Quarterly Reports on Form 10-Q filed by MetLife, Inc. with the
SEC after the date of the Annual Report under the captions “Note
Regarding Forward-Looking Statements” and “Risk Factors” and other
filings MetLife, Inc. makes with the SEC. MetLife, Inc. does not
undertake any obligation to publicly correct or update any
forward-looking statement if we later become aware that such
statement is not likely to be achieved. Please consult any further
disclosures MetLife, Inc. makes on related subjects in reports to
the SEC.
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MetLife Investment ManagementJames Murphy, 973-355-4673
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