# Mutual of America

Mutual of America is an Insurance based in New York, United States.

## Overview

- **Organization type:** Insurance
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** 320 Park Avenue, New York, NY 10022
- **Founded:** 1945
- **Assets under management:** Undisclosed
- **Website:** mutualofamerica.com
- **LinkedIn:** https://www.linkedin.com/company/mutualofamerica
- **Wikidata:** Q6944196

## About

Mutual of America is an SEC-registered investment adviser in New York, NY, registered since 1993. The firm manages approximately $20.1 billion in regulatory assets. It has 37 employees and 22 investment advisers.

## Sectors

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

## Offices

- Boca Raton, FL
- Regional offices across the United States

## People

- Stephen J. Rich — Chairman and CEO
- John R. Greed — Former Chairman and CEO

## Questions

### Who runs investment decisions at Mutual of America?

Stephen J. Rich was appointed Chairman and CEO in July 2024 and holds ultimate responsibility for the firm's asset-liability management strategy. The firm has not publicly named a standalone CIO, but the general account portfolio is managed internally with allocations spanning private credit, commercial real estate, and alternative assets. Prior leadership sat with John R. Greed, who served as Chairman and CEO until the 2024 transition.

### How does the mutual structure affect Mutual of America's investment posture?

As a not-for-profit mutual company owned by its policyholders, Mutual of America faces no quarterly shareholder earnings pressure, allowing it to hold illiquid assets like direct commercial real estate and private placements across full cycles. The structure also means capital allocation prioritizes long-term liability matching over short-term spread income. This is the same structural advantage that large mutual life insurers exploit to maintain sizeable private-asset portfolios.

### What is Mutual of America's known posture on co-investments alongside external GPs?

The firm has not publicly disclosed a formal co-investment program, but its direct commercial real estate holdings and reinsurance partnerships suggest a preference for direct economic exposure where it can exert governance influence. The 320 Park Avenue co-ownership with Munich Re's MEAG unit demonstrates comfort with institutional joint-venture structures in real estate.

### How is Mutual of America related to its reinsurance partners?

Somerset Reinsurance serves as a reinsurance partner for legacy annuity blocks, a relationship typical for mutual insurers managing runoff liabilities or seeking capital relief on in-force books. MEAG, the asset manager of Munich Re, holds a 25% stake in the firm's 320 Park Avenue headquarters building, making it both a real estate co-investor and an indirect counterparty through Munich Re's broader reinsurance franchise.

## Related profiles

- [Mustard Seed Wealth Management](https://altss.com/profile/mustard-seed-wealth-management)
- [Mutual of Omaha](https://altss.com/profile/mutual-of-omaha-insurance-company)

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

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