MetLife invested, through MetLife Private Capital Investors (MPCI), USD8.4 billion in corporate private placements, infrastructure debt and other private transactions during 2014.
MetLife is a leader in the private placement marketplace, managing a portfolio of USD56 billion in private securities investments, including USD42 billion in corporate debt and USD9 billion in infrastructure debt transactions. Corporate private placements and infrastructure debt are an important part of MetLife’s asset-liability matching program.
MetLife’s third party investment management business had a strong year. MPCI invested USD1.9 billion, or 23 percent, of the USD8.4 billion on behalf of MPCI’s investment management clients. The balance, USD6.5 billion, was invested for MetLife’s general accounts.
MPCI also added USD2.2 billion in new commitments in 2014 from other insurance companies and pension plans globally. As of December 31, 2014, MPCI managed approximately USD4 billion in private placement assets for its growing client base.
“MetLife actively participated in the private placement marketplace in 2014 as a leading lender of both private corporate debt and infrastructure debt,” says Scott Inglis, managing director and head of MetLife Private Capital Investors. “One of our significant differentiators for our clients is that we co-invest alongside them. Together, we invest in what we believe are well-structured transactions in quality companies that provide unique diversity versus publicly traded offerings.”
