Acquisition will accelerate advancement of MetLife Expenditure Management’s third-celebration asset management small business
NEW YORK, Sept. 15, 2017- MetLife, Inc. (NYSE: Achieved) now declared that it has accomplished the acquisition of Logan Circle Partners, L.P. from Fortress Expenditure Group LLC (NYSE: FIG) for close to $250 million in funds.
Steven J. Goulart, govt vice president and main expenditure officer, MetLife, Inc., mentioned, ‘The acquisition of Logan Circle Partners is an important milestone as MetLife Expenditure Administration expands its domestic and intercontinental expenditure management small business for third-celebration purchasers. The toughness of our put together platform and extra distribution channels will offer our purchasers with a broader range of expenditure prospects across institutional fastened revenue and serious estate marketplaces.’
Jude T. Driscoll, Logan Circle Partners founder, main govt officer and main expenditure officer, mentioned, ‘We’re delighted to be part of the MetLife Expenditure Administration group. We share a commitment to delivering best-in-course expenditure management alternatives for our purchasers, and we are fired up that MetLife’s platform and experience will travel even bigger worth for our traders.’
Logan Circle Partners is a essential investigate-centered expenditure supervisor, furnishing institutional purchasers with actively managed expenditure alternatives across a range of traditional fastened revenue techniques. As of August 31, 2017, Logan Circle Partners experienced far more than $37 billion in assets less than management.
The firm’s aim enhances MetLife Expenditure Management’s experience in specialty fastened revenue assets, which incorporate serious estate, agriculture, private placements and structured items, among others.
MetLife Expenditure Administration is MetLife, Inc.’s institutional asset management platform. With a group of far more than 800 expenditure professionals positioned around the world, MetLife Expenditure Administration leverages a disciplined credit score investigate and underwriting method to offer institutional purchasers with deal origination, asset acquisition prospects and proprietary risk management analytics. For far more facts, take a look at www.metlife.com/investments.
MetLife, Inc. (NYSE: Achieved), as a result of its subsidiaries and affiliate marketers (‘MetLife’), is 1 of the world’s top financial solutions providers, furnishing insurance plan, annuities, worker positive aspects and asset management to aid its individual and institutional prospects navigate their changing world. Founded in 1868, MetLife has operations in far more than 40 international locations and holds top current market positions in the United States, Japan, Latin The united states, Asia, Europe and the Center East. For far more facts, take a look at www.metlife.com.
This information release may perhaps consist of or integrate by reference facts that involves or is centered on ahead-searching statements within just the which means of the Personal Securities Litigation Reform Act of 1995. Ahead-searching statements give anticipations or forecasts of long run gatherings. These statements can be identified by the reality that they do not relate strictly to historical or present-day points. They use words and phrases these as ‘anticipate,’ ‘estimate,’ ‘expect,’ ‘project,’ ‘intend,’ ‘plan,’ ‘believe,’ ‘will,’ ‘following,’ and other words and phrases and phrases of comparable which means, or are tied to long run durations, in relationship with a dialogue of long run operating or financial overall performance. In unique, these incorporate statements relating to long run actions, future solutions or items, long run overall performance or success of present-day and expected solutions or items, sales efforts, costs, the result of contingencies these as legal proceedings, trends in operations and financial success.
Any or all ahead-searching statements may perhaps convert out to be incorrect. They can be impacted by inaccurate assumptions or by known or unknown hazards and uncertainties. Several these elements will be important in deciding the genuine long run success of MetLife, Inc., its subsidiaries and affiliate marketers. These statements are centered on present-day anticipations and the present-day financial atmosphere. They require a range of hazards and uncertainties that are tricky to forecast. These statements are not ensures of long run overall performance. True success could vary materially from all those expressed or implied in the ahead-searching statements. Threats, uncertainties, and other elements that may induce these variations incorporate the hazards, uncertainties and other elements identified in MetLife, Inc.’s most new Yearly Report on Variety 10-K (the ‘Annual Report’) submitted with the U.S. Securities and Exchange Fee (the ‘SEC’), any Quarterly Reports on Variety 10-Q submitted by MetLife, Inc. with the SEC following the day of the Yearly Report less than the captions ‘Note Pertaining to Ahead-Hunting Statements’ and ‘Risk Things,’ and other filings MetLife, Inc. can make with the SEC. MetLife, Inc. does not undertake any obligation to publicly right or update any ahead-searching statement if MetLife, Inc. later will become aware that these statement is not very likely to be reached. Make sure you check with any additional disclosures MetLife, Inc. can make on connected subjects in reports to the SEC.