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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Contacts:
James Murphy, 973-355-4673
