WHIPPANY, N.J.–(BUSINESS WIRE)–MetLife Investment Management (MIM), the institutional asset administration enterprise of MetLife, Inc. (NYSE: MET), in the present day introduced it originated $6.2 billion in personal placement debt for the primary half of 2020, throughout almost 100 transactions. This included $1.7 billion of investments originated on behalf of institutional shoppers.
“Regardless of COVID-driven financial uncertainty and related volatility within the mounted earnings markets, we remained energetic all through the primary six months of 2020, serving as a key capital companion to our issuers,” mentioned John Wills, international head of personal placements at MIM.
MIM’s personal placement debt origination for the primary half of 2020 comprised $4.5 billion in company personal placement debt transactions and $1.7 billion in infrastructure personal placement debt transactions. This origination exercise, which added 29 new credit, helped develop MIM’s whole personal placement debt portfolio to $91.2 billion as of June 30, 2020.
MIM’s company personal placement exercise was diversified throughout trade sectors, together with common industrial, healthcare, skilled companies, retail and utilities. MIM was selective in its infrastructure personal placement alternatives and took part in transactions that supplied robust structural protections and relative worth throughout the next sectors: electrical transmission, renewable energy, social housing and infrastructure, and stadiums. Investments included almost $550 million in six transactions throughout the renewable energy and social housing and infrastructure sectors.
“I’m pleased with our workforce’s efforts to assist our debtors and institutional investor shoppers,” added Wills. “The breadth, depth and expertise of our deal sourcing and credit score administration capabilities served our shoppers throughout the company, insurance coverage and pension communities effectively throughout these extraordinarily troublesome instances. We anticipate that MIM will proceed to be a number one personal placement supplier in company and infrastructure debt, benefiting from our measurement, sector experience and international footprint.”
About MetLife Funding Administration
MetLife Funding Administration, the institutional asset administration enterprise of MetLife, Inc. (NYSE: MET), is a worldwide public mounted earnings, personal capital and actual property funding supervisor offering tailor-made funding options to institutional traders worldwide. MetLife Funding Administration offers private and non-private pension plans, insurance coverage firms, endowments, funds and different institutional shoppers with a variety of bespoke funding and financing options that search to fulfill a variety of long-term funding targets and risk-adjusted returns over time. MetLife Funding Administration has over 150 years of funding expertise and as of June 30, 2020, had $629.1 billion2 in whole belongings beneath administration.For extra info, go to https://investments.metlife.com.
MetLife, Inc. (NYSE: MET), by means of its subsidiaries and associates (“MetLife”), is among the world’s main monetary companies firms, offering insurance coverage, annuities, worker advantages and asset administration to assist its particular person and institutional prospects navigate their altering world. Based in 1868, MetLife has operations in additional than 40 markets globally and holds main positions in the USA, Japan, Latin America, Asia, Europe and the Center East. For extra info, go to www.metlife.com.
The forward-looking statements on this information launch, equivalent to “anticipate,” “will,” and “proceed” are based mostly on assumptions and expectations that contain dangers and uncertainties, together with the “Danger Components” MetLife, Inc. describes in its U.S. Securities and Alternate Fee filings. MetLife’s future outcomes may differ, and it has no obligation to appropriate or replace any of those statements.
1 As of June 30, 2020. At estimated truthful worth. Consists of company and infrastructure personal placement debt contained in MetLife’s common account, separate accounts and non-proprietary belongings of unaffiliated/third social gathering shoppers.
2 Whole belongings beneath administration is comprised of all MetLife common account and separate account belongings and unaffiliated/third social gathering belongings, at estimated truthful worth, managed by MIM.