MIM to acquire Raven Capital Management

Written by Adam Cadle

07/02/2023

MetLife Investment Management (MIM) has entered into a definitive agreement to acquire Raven Capital Management, a privately-owned alternative investment firm.

As of 31 December 2022, Raven’s assets under management totalled $2.1bn. The acquisition is subject to customary closing conditions.

Raven invests across the private credit spectrum, with a specialisation in primary origination, underwriting, execution and management of middle market direct asset-based investments. It is expected that the acquisition of Raven will significantly advance MIM’s ability to grow its higher yielding private credit offerings as well as its overall origination in the asset classes and sectors in which Raven specialises.

“A distinguishing feature of MIM is our ability to originate differentiated private investment opportunities for our clients. The addition of Raven Capital Management will broaden and further distinguish our offerings in higher yielding private credit and alternative investments.” said Steven Goulart, president of MIM and executive vice president and chief investment officer for MetLife. “MIM will be able to deliver more for our clients and continue to expand our range of capabilities and complementary investment strategies.”

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