MetLife Investment Management completes Affirmative Investment Management acquisition

Written by Michael Griffiths

19/12/2022

MetLife Investment Management (MIM) has completed the acquisition of Affirmative Investment Management (AIM).

The deal, first announced in August, has added roughly $1bn to MIM’s total assets under management.

MIM, the institutional asset management business of MetLife, provides public and private pension plans, insurance companies, endowments, funds and other institutional clients with a range of investment and financing solutions that look to meet long-term investment objectives and risk-adjusted returns over time.

AIM is a specialist global environmental, social and corporate governance (ESG) impact fixed income investment manager.

“Completing the acquisition of AIM is an important milestone in advancing MIM’s commitment to sustainable investing and meeting the evolving ESG needs of our clients,” said president of MIM and executive vice president and chief investment officer for MetLife, Steven J. Goulart.

“We are excited to integrate AIM’s expertise across impact investing, verification, reporting, and engagement into MIM’s fundamental research-based public fixed income, private capital and real estate capabilities. Going forward, our clients will be presented with an even stronger set of investment offerings.”

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