MetLife Investment Management (MIM), the institutional asset management business of MetLife, originated USD6.4 billion in private placement debt and private structured credit for the first half of 2021 across 107 transactions.
This included USD1.2 billion of investments originated on behalf of unaffiliated institutional clients. MIM’s total private placement debt and private structured credit assets under management stood at USD102.0 billion as of 30 June, 2021.
Nancy Mueller Handal, head of Private Fixed Income & Alternatives at MetLife Investment Management, says: “Market activity through the first half of the year was strong as issuers bolstered their financial position and institutional investors sought out a greater range of investment opportunities.”
MIM’s private placement origination for the first half of 2021 included USD4.0 billion, USD1.5 billion, and USD848 million in corporate, infrastructure and structured credit transactions, respectively, and added 52 new credits to the portfolio.
Read more/Source: Private Equity Wire
