Insurance Asset Risk Awards 2025 - North Americas

Private debt manager of the year: MetLife Investment Management

MetLife Investment Management (MIM) was named Private debt manager of the year for its scale, insurer-first structuring, and resilience through economic cycles.

In 2024, it originated $21.6bn in private credit spanning corporate private placements, infrastructure debt, and private structured credit, including $16.8bn for third-party clients, across more than 500 deals. With $148.2bn in private capital AUM – including $105bn in investment-grade private credit – MIM delivers diversified access while maintaining 97% investment-grade quality.

MIM's private credit strategies have shown resilience during market disruptions — includingCOVID-19 and the sharp rate increases of 2022–2024, reflecting a proactive, relationship-based approach to risk.

For clients who request it, MIM can incorporate sustainability analysis, mapping investment characteristics to internal frameworks and offering relevant reporting.

Its platform is built for insurers, emphasising liability matching, capital efficiency, and disciplined underwriting, providing insurers with predictable, capital-efficient returns.

A century of managing MetLife's balance sheet underpins its ability to deliver stability and client-aligned private credit solutions.