MetLife Investment Management Invests $9.7 Bln In Corporate Private Placements

(RTTNews) - Insurer MetLife, Inc. (MET) said that its investment management business, MetLife Investment Management or MIM, has invested $9.7 billion in corporate private placements, infrastructure debt and other private transactions during 2015 on behalf of MetLife and its unaffiliated investment management clients.

MIM's institutional client investment management business invested $1.9 billion, or 20 percent, of the $9.7 billion on behalf of its unaffiliated clients. The remaining $7.8 billion was invested on behalf of MetLife's general account.

MIM manages a portfolio of $55.9 billion in private securities investments, including $40.8 billion in corporate debt and $10.7 billion in infrastructure debt transactions. Corporate private placements and infrastructure debt are an important part of MetLife's asset-liability matching program.

MetLife noted that MIM also added $3.9 billion in new commitments in 2015 from unaffiliated insurance companies and from pension plans globally. As of December 31, 2015, MIM managed about $6.1 billion in private placement assets for its growing unaffiliated client base.