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MetLife to Partner with PineBridge Investments in Asset Management Expansion
Dec 24, 2024•over 1 year ago
Contract Type
partnership
New York
Description
MetLife has agreed to partner with PineBridge Investments to acquire its assets outside China from Hong Kong billionaire Richard Li’s Pacific Century Group. The US insurer's investment management arm will pay US$800 million for PineBridge, and is also committed to additional payments based on specific financial goals.
Company Information
Company
MetLife Investment Management
Location
New York, New York, United States
About
MetLife Investment Management (MIM) is the institutional asset management business of MetLife, Inc. It is a global public fixed income, private capital, and real estate investment manager providing tailored investment solutions to institutional investors worldwide. MIM has over 150 years of investment experience and is a top 25 institutional investment manager globally by assets under management.
New York