On August 29, 2022, MetLife Investment Management announced it will acquire Affirmative Investment Management.
Under the terms of the transaction, MetLife Investment Management (“MIM”) will acquire Affirmative Investment Management (“Affirmative”). Upon completion of the deal, which is expected to be finalized pending regulatory and other customary closing conditions, Affirmative will be integrated into MIM’s investment teams. Financial terms were not disclosed.
MIM, based in Whippany, New Jersey, is the institutional asset management division of MetLife, Inc. (NYSE: MET). As of June 30, 2022, MIM had approximately $590.9 billion in total assets under management.
Affirmative, based in London is an investment management firm specializing in ESG and impact investing. As of June 30, 2022, Affirmative managed $1.01 billion in assets.
To read the press release, please click here.