# MetLife Investment Management

MetLife Investment Management is an Asset Manager based in Whippany, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Whippany, United States
- **Region:** North America
- **Address:** Whippany, NJ, United States
- **Founded:** 1868
- **Assets under management:** $349.9 Bn
- **Website:** investments.metlife.com
- **LinkedIn:** https://www.linkedin.com/company/metlife-investment-management

## Regulatory record

- **CRD number:** 142463
- **SEC file number:** 801-67314
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-05-11T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/142463

## About

MetLife Private Capital Investors operates as the asset management arm of MetLife. It registers as an investment advisor with the SEC. It generates long-term returns for institutional investors that include insurance companies, public pension plans, private pension plans and sovereign wealth funds. It draws on the investment expertise of MetLife Investments.

## Sectors

- Real Estate
- Private Credit
- Infrastructure
- Private Equity
- Hedge Funds
- Secondaries & Special Situations

## People

- Steven J. Goulart — Chief Investment Officer of MetLife, Inc. and President of MetLife Investment Management

## Questions

### Who runs investment decisions at MetLife Investment Management?

Steven J. Goulart serves as Chief Investment Officer of MetLife, Inc. and President of MetLife Investment Management, overseeing the firm's combined general account and third-party institutional mandates. He reports directly to MetLife CEO Michel Khalaf. The investment leadership team includes separate heads for public fixed income, private credit, real estate, and infrastructure, each with dedicated origination and portfolio management staff.

### Does MIM participate in fund commitments or only direct deals?

MIM invests both directly and through commingled funds that it manages. In private credit, the firm acts as a lead arranger on direct middle-market loans and participates in broadly syndicated deals. Its real estate platform runs direct commercial mortgage lending as well as open-end and closed-end fund vehicles. MIM also manages fund-of-hedge-fund portfolios and private equity fund commitments on behalf of MetLife's general account and select external clients.

### Which sectors does MIM explicitly avoid?

MIM has publicly stated it does not invest in companies that derive significant revenue from thermal coal mining or the manufacture of tobacco products, as part of MetLife's enterprise-wide responsible-investment policy (per the firm's official communications). The firm also maintains exclusionary screens for controversial weapons manufacturers. Beyond these explicit restrictions, MIM's insurance heritage pushes the portfolio toward investment-grade credits and income-producing real assets, which naturally limits exposure to early-stage venture and speculative technologies.

### How does MIM source proprietary deal flow?

MIM sources proprietary deal flow primarily through its position as one of the largest commercial mortgage lenders in the US and its long-standing relationships with middle-market private equity sponsors. The firm's general account absorbs large origination volumes that standalone managers cannot warehouse, which gives MIM's origination teams a first-look advantage with borrowers. In infrastructure debt, the firm has leveraged MetLife's international insurance operations in Latin America, Europe, and Asia to source local-currency deals that global infrastructure funds often miss.

### Is MIM structured as a captive insurance asset manager or a standalone institutional manager?

MIM is a wholly owned subsidiary of MetLife, Inc., operating as an SEC-registered investment advisor. While captive to the parent, it competes for external institutional mandates on a commercial basis, and a material portion of its managed assets comes from third-party clients including pension funds, sovereign wealth funds, and other insurance companies. The firm's London, Tokyo, and Latin American offices serve both MetLife's local insurance units and unaffiliated institutional investors.

## Related profiles

- [KKR](https://altss.com/profile/kkr)
- [Fortress Investment Group](https://altss.com/profile/fortress-investment-group)

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Last updated: 2026-07-08T23:47:49.892Z

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