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MetLife Arm MIM Secures $1.2B for 2nd Private Equity Fund

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MetLife, Inc.‘s (NYSE: MET) institutional asset management arm, MetLife Investment Management (“MIM”), recently launched its second private equity fund, MetLife Investment Private Equity Partners II, securing around $1.2 billion in commitments. This new fund, aimed at institutional clients, includes a portfolio of about $860 million in private equity and co-investment interests. Combined with funded and unfunded commitments, the total reaches $975 million.

The transaction was anchored by Lexington Partners L.P., the lead investor in the project. MIM also plans to utilize $250 million on new private equity opportunities. The successful closing of this fund highlights MIM’s expanding capabilities and leadership in private markets. This strategic move follows the strong performance of MetLife’s private equity investments, which, at first quarter-end, held $14.3 billion in assets.

The private equity team of MIM alone has invested more than $20 billion in alternative investments in the 2010-2023 period. The deal was …

Full story available on Benzinga.com

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