MetLife Investment Management Completes Acquisition of Raven Capital Management
March 02 2023 - 8:00AM
Business Wire
MetLife Investment Management (MIM), the institutional asset
management business of MetLife, Inc. (NYSE: MET), announced that it
has completed its acquisition of alternative investment firm Raven
Capital Management. Announced in February 2023, the transaction
adds approximately $2.1 billion to MIM’s total assets under
management.
“We’re pleased to announce the completion of our acquisition of
Raven, which complements our already strong private credit platform
and deepens our origination capabilities,” said Steven J. Goulart,
president of MIM and executive vice president and chief investment
officer for MetLife. “Together, we’re looking forward to offering a
broader set of credit strategies and investment capabilities to our
clients.”
Raven is primarily focused on direct asset-based investments,
including senior secured loans as well as the outright purchase of
cash-flowing assets. The team invests across the private credit
spectrum, with a specialization in primary origination,
underwriting, execution and management of middle market direct
asset-based investments.
About MetLife Investment Management
MetLife Investment Management, the institutional asset management
business of MetLife, Inc. (NYSE: MET), is a global public fixed
income, private capital and real estate investment manager
providing tailored investment solutions to institutional investors
worldwide. MetLife Investment Management provides public and
private pension plans, insurance companies, endowments, funds and
other institutional clients with a range of bespoke investment and
financing solutions that seek to meet a range of long-term
investment objectives and risk-adjusted returns over time. MetLife
Investment Management has over 150 years of investment experience
and, as of December 31, 2022, had $579.8 billion in total assets
under management.
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 individual and institutional customers build a more confident
future. Founded in 1868, MetLife has operations in more than 40
markets globally and holds leading positions in the United States,
Japan, Latin America, Asia, Europe and the Middle East. For more
information, visit www.metlife.com.
Forward-Looking Statements The
forward-looking statements in this news release, using words such
as “looking forward” and “seek,” are based on assumptions and
expectations that involve risks and uncertainties, including the
“Risk Factors” MetLife, Inc. describes in its U.S. Securities and
Exchange Commission filings. MetLife’s future results could differ,
and it does not undertake any obligation to publicly correct or
update any of these statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20230302005166/en/
For Media: Dave Franecki +1-973-264-7465
dave.franecki@metlife.com
Shree Dhond (646) 722-6531 mim@dlpr.com
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