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MetLife Investment Management Continues to Expand its Portfolio Across Various Industries

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MetLife Investment Management is making strategic investments in various industries, including real estate and biotech.

a group of business executives in a boardroom discussing investment strategies, with one person pointing at a chart on a screen.

MetLife Investment Management LLC has been increasing its investments in Viridian Therapeutics, Inc. The institutional investor raises its stake in the biotech company by over 30% to over 2.5 million shares, worth about $15 million. This move shows MetLife Investment Management’s continued interest in the biotech industry.

In the real estate industry, CIG Communities has nabbed a $60 million debt package from MetLife Investment Management to refinance a multifamily asset in Cincinnati. This deal shows MetLife Investment Management’s interest in investing in the real estate market, particularly in the multifamily sector.

MetLife Investment Management has also been making strategic acquisitions in the private credit space. The investment arm of insurance giant MetLife Inc. acquired Raven Capital Management, a U.S. private credit manager, for an undisclosed amount. This acquisition is part of MetLife Investment Management’s strategy to expand its private credit business.

In addition to its strategic investments and acquisitions, MetLife Investment Management has also been making changes to its portfolio. Wakefield Asset Management LLLP lowered its stake in shares of MetLife, Inc. by 17.0% in the 4th quarter. This move shows that Wakefield Asset Management is reducing its exposure to MetLife, Inc., which is the parent company of MetLife Investment Management.

Despite this, MetLife Investment Management has been performing well. When MetLife Investment Management bought a $2.1 billion portfolio of U.S. warehouse properties in 2021, it showed its ability to make large-scale investments in the real estate market. This deal also showed MetLife Investment Management’s interest in the logistics sector, which has been booming due to the rise of e-commerce.

MetLife Investment Management’s success can be attributed to its strong leadership team. Recently, MetLife Investment Management announced that it had appointed Julie Sachs as its new Head of Real Estate Equity. Sachs brings over 25 years of experience to the role and will be responsible for developing and executing MetLife Investment Management’s real estate equity strategy.

MetLife Investment Management is also committed to sustainability. In March 2023, MetLife Investment Management announced that it had signed a power purchase agreement (PPA) for 25 MW of solar capacity in Texas. This move shows MetLife Investment Management’s commitment to renewable energy and reducing its carbon footprint.

Overall, MetLife Investment Management continues to expand its portfolio across various industries, including real estate, biotech, and private credit. Its strategic investments and acquisitions, as well as its strong leadership team and commitment to sustainability, have contributed to its success.

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