Latest news with #MetLifeInvestmentManagement
CNBC
15-05-2025
- Business
- CNBC
Drew Matus: Still expect a recession, volatility is 'name of the game' going forward
Drew Matus, MetLife Investment Management chief market strategist, joins CNBC's 'Money Movers' to discuss macro outlooks, expectations for the consumer, and more.
Business Wire
07-05-2025
- Business
- Business Wire
MetLife Investment Management Originates $21.6 Billion in Private Credit Transactions in 2024
WHIPPANY, N.J.--(BUSINESS WIRE)--MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), today announced that it originated $21.6 billion in private credit transactions in 2024. MIM's private credit assets under management stood at $129.1 billion as of December 31, 2024. 1 MIM's origination was well diversified across the private credit platform with: $6.8 billion in residential credit $6.4 billion in corporate debt $5.6 billion in infrastructure debt $2.8 billion in asset-based finance transactions. 'MIM is a premier originator of private assets and our clients appreciate the quality and diversity of transactions that we participate in on their behalf,' said Brian Funk, interim president of MIM. MIM continued to find strong relative value in residential credit in 2024, deploying $6.8 billion in residential mortgages and single-family rental debt financing, primarily in the non-qualified residential mortgage space. MIM's $6.4 billion of corporate private placement origination was diversified across a range of industries. About $2.2 billion of MIM's corporate private placement origination was outside of the U.S., showcasing the firm's global footprint. MIM's infrastructure origination of $5.6 billion was driven by digital expansion and decarbonization of power generation. The firm's focus on infrastructure sponsor relationships resulted in bilateral and direct deals comprising 40% of total origination. Nearly half, or $2.4 billion, of MIM's infrastructure origination was outside the U.S. MIM's $2.8 billion of asset-based finance origination efforts were achieved primarily through the firm's direct sourcing channels and were diversified across both structure and sector including $1.7 billion of commercial and consumer asset transactions and approximately $880 million in alternate asset financing. 'With a long-term perspective and a focus on well-structured transactions, we expect to sustain our momentum and capitalize on emerging opportunities in essential services sectors such as housing, energy transition technologies and infrastructure modernization,' Funk said. MIM is a top 25 institutional investment manager globally by assets under management 2 and manages more private fixed income assets for third-party insurance general accounts than any other asset manager. 3 It is the largest infrastructure debt investment manager based on worldwide assets under management. 4 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 March 31, 2025, had $616.9 billion in total assets under management. For more information, see the total assets under management fact sheet for the quarter ended March 31, 2025 available on MetLife's Investor Relations webpage ( 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, Asia, Latin America, Europe and the Middle East. For more information, visit Forward-Looking Statements The forward-looking statements in this news release, using words such as 'capitalize,' 'expect,' 'seek' and 'sustain' 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. Endnotes 1 At estimated fair value. 2 Pensions & Investments Managers Ranked by Total Worldwide Institutional Assets Under Management as of December 31, 2023. 3 Clearwater Analytics Insurance Investment Outsourcing Report 2024 as of December 31, 2023. 4 IPE Research as of December 31, 2023.
Business Wire
02-05-2025
- Business
- Business Wire
MetLife Investment Management Announces Driscoll Retirement; Funk Named Interim President
WHIPPANY, N.J.--(BUSINESS WIRE)-- MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), today announced that after a distinguished career spanning decades in the asset management industry, including eight years at MIM, Jude Driscoll will be retiring from the company, effective May 2. Brian Funk has been appointed as MIM's interim president. Throughout his tenure, Driscoll played a critical role in advancing MIM's strategic priorities, building relationships and driving strong results for clients. 'On behalf of the entire MIM team, I want to thank Jude for his leadership and contributions and wish him all the best in retirement,' said John McCallion, chief financial officer and head of MIM. Funk brings deep industry expertise and proven leadership to the interim president role, where he will work with McCallion and MIM's leadership team to advance MIM's New Frontier strategy, a five-year strategy that includes accelerating MIM's growth. Funk joined MIM in 2017 following its acquisition of Logan Circle Partners, where he was Head of Credit Research. He held a similar role at MIM, covering corporate, municipal and sovereign credit, as well as sustainable fixed income strategies and special situations. In April 2024, he was named global head of Private Capital. He will continue to lead MIM's Private Capital business while serving as interim president. 'Brian is an outstanding leader, performance driven and client focused. His insights were instrumental in developing the New Frontier strategy for MIM, which positions him well to drive its execution, including the integration of PineBridge Investments,' McCallion said. 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 March 31, 2025, had $616.9 billion in total assets under management. For more information, see the total assets under management fact sheet for the quarter ended March 31, 2025 available on MetLife's Investor Relations webpage ( 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, Asia, Latin America, Europe and the Middle East. For more information, visit Forward-Looking Statements The forward-looking statements in this news release, using words such as 'continue,' 'will' 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.
Business Wire
02-05-2025
- Business
- Business Wire
MetLife Investment Management Announces Driscoll Retirement
WHIPPANY, N.J.--(BUSINESS WIRE)-- MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), today announced that after a distinguished career spanning decades in the asset management industry, including eight years at MIM, Jude Driscoll will be retiring from the company, effective May 2. Brian Funk has been appointed as MIM's interim president. Throughout his tenure, Driscoll played a critical role in advancing MIM's strategic priorities, building relationships and driving strong results for clients. 'On behalf of the entire MIM team, I want to thank Jude for his leadership and contributions and wish him all the best in retirement,' said John McCallion, chief financial officer and head of MIM. Funk brings deep industry expertise and proven leadership to the interim president role, where he will work with McCallion and MIM's leadership team to advance MIM's New Frontier strategy, a five-year strategy that includes accelerating MIM's growth. Funk joined MIM in 2017 following its acquisition of Logan Circle Partners, where he was Head of Credit Research. He held a similar role at MIM, covering corporate, municipal and sovereign credit, as well as sustainable fixed income strategies and special situations. In April 2024, he was named global head of Private Capital. He will continue to lead MIM's Private Capital business while serving as interim president. 'Brian is an outstanding leader, performance driven and client focused. His insights were instrumental in developing the New Frontier strategy for MIM, which positions him well to drive its execution, including the integration of PineBridge Investments,' McCallion said. 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 March 31, 2025, had $616.9 billion in total assets under management. For more information, see the total assets under management fact sheet for the quarter ended March 31, 2025 available on MetLife's Investor Relations webpage ( 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, Asia, Latin America, Europe and the Middle East. For more information, visit Forward-Looking Statements The forward-looking statements in this news release, using words such as 'continue,' 'will' 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.
