On January 8, 2025, MetLife Investment Management announced that it reached a definitive agreement to acquire three investment teams and assets managed by Mesirow.
MetLife Investment Management (“MIM”), the institutional asset management business of MetLife, Inc, announced, on January 8, 2025, that it reached a definitive agreement to acquire three investment teams and assets managed by Mesirow Financial (“Mesirow”). The acquisition will bring 20 investments professionals from Mesirow’s high yield and bank loan, strategic fixed income and small-cap equity teams and certain related investment products. Under the terms of the transaction, $6 billion in assets managed by the teams will transfer to MIM. Further terms of the transaction were not disclosed.
MetLife (NYSE: MET), based in Whippany, New Jersey, is the institutional asset management division of MetLife, Inc. As of September 30, 2024, MetLife had approximately $609.3 billion in total assets.
Mesirow, based in Chicago, is an independent, employee-owned financial services firm specializing in capital markets, investment banking, and advisory services. As of September 30, 2024, Mesirow had approximately $302.6 billion in total assets under supervision. Berkshire Global Advisors acted as exclusive financial adviser to Mesirow.
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