MetLife Investment Management, the institutional asset management business of MetLife, is to acquire Raven Capital Management, a privately-owned alternative investment firm with $2.1 billion in assets under management invested across the credit spectrum.
MetLife Investment Management (MIM), the institutional asset management business of MetLife, is to acquire Raven Capital Management, a privately-owned alternative investment firm with $2.1 billion in assets under management invested across the credit spectrum.
Based in New York and Santa Monica, California, Raven is primarily focused on direct asset-based investments, including senior secured loans, as well as outright purchase of cash-flowing assets. It manages a range of specialty assets such as music and media, among others.
The acquisition is subject to customary closing conditions.
