# Afore MetLife

Afore MetLife is a Pension Fund based in Ciudad de Mexico, Mexico.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Ciudad de Mexico, Mexico
- **Region:** North America
- **Address:** Boulevard Manuel Ávila Camacho No. 32 Pisos Sky Lobby, 14 al 20 y PH, Ciudad de Mexico, Mexico
- **Founded:** 2008
- **Assets under management:** 4.0B (Altss estimate)
- **Website:** metlifeafore.com.mx

## Regulatory record

- **Reports private funds:** No

## About

Afore MetLife was formed in 2008 when MetLife Mexico acquired Afore Actinver. The entity functioned as an Administradora de Fondos para el Retiro, holding individual retirement accounts for Mexican workers. Operations ended under the MetLife name after the February 2018 sale to Principal Financial Group. Allocations included a 5 percent target to private equity alongside holdings in Mexican REITs and commodity index instruments. Confirmed positions encompassed CKDs for infrastructure and CERPIs for project investments. The geographic focus remained Mexico with limited exposure to global instruments through public equity and fixed-income portfolios. The firm maintained membership in AMAFORE and operated alongside Fundación MetLife México, which reported $11.6M in annual giving focused on health programs. No additional offices existed outside Ciudad de Mexico. Nestor Fernandez served as CIO prior to the 2018 acquisition and transition to the merged Principal Afore. The structure operated as a regulated pension manager under CONSAR oversight with allocations executed through dedicated SIEFORE entities rather than direct GP commitments or co-investments.

## Sectors

- Private Equity
- Real Estate

## Questions

### Who ran investment decisions at Afore MetLife?

Nestor Fernandez served as CIO until the 2018 acquisition by Principal Financial Group.

### What asset classes did Afore MetLife allocate to?

The firm targeted private equity at a 5 percent allocation alongside FIBRAs, commodity instruments, Mexican government bonds, and public equities.

### How was Afore MetLife structured relative to its parent?

It operated as a regulated AFORE subsidiary of MetLife Mexico with separate SIEFORE vehicles for retirement account management.

### What was the outcome of the 2018 transaction?

Principal Financial Group acquired Afore MetLife in February 2018, after which operations ceased under the MetLife name.

## Related profiles

- [Pearson Group Pension Plan](https://altss.com/profile/pearson-group-pension-plan)
- [HKSTP Ventures](https://altss.com/profile/hkstp-ventures)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/afore-metlife

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