Affirmative Investment Management (AIM) announced today that it has entered into a definitive agreement to be acquired by MetLife Investment Management (MIM), the asset management business of MetLife, Inc. (NYSE: MET). The acquisition is subject to regulatory approval.
MIM is a global public fixed income, private capital and real estate investment manager that provides tailored investment solutions to public and private pension plans, insurance companies, endowments funds and other institutional clients. MIM has over 150 years of investment experience, with offices in the US, Europe, Latin America and Asia comprising over 900 investment professionals and US$590.9 billion in assets under management, at 30 June 2022.
AIM focuses on mobilising mainstream capital to address the major challenges the world faces. Its mission is to manage fixed income portfolios that generate positive environmental and social impact without compromising financial returns. As the ESG impact and transition bond markets continue to expand, the opportunity to offer investment solutions to meet client demand has broadened from impact into transition, and public into private debt and real estate finance. MIM provides AIM with additional depth and breadth of complementary investment capabilities and resources that allows us to build upon our industry leadership and expand our impact and transition investment solutions in the future.
MIM will integrate AIM’s investing experts, processes and research capabilities to drive excellence in sustainable investing, develop new investment solutions and enhance MIM’s fundamental research, underwriting and security selection processes.
“We are pleased to be able to join a world-class institutional investment firm in MIM and continue our mission to deliver mainstream financial returns along with positive environmental and social impact” said Stephen Fitzgerald, who co-founded AIM in 2014. “Upon integration with MIM’s investment teams, we believe that we will deliver differentiated impact and transition investment insights and solutions to our combined roster of global clients while continuing to support positive environmental and social change.”
“By combining AIM’s expertise with MIM’s longstanding commitment to sustainable investing, we will be even better positioned to provide more comprehensive insight and counsel to clients and consultants on the changing market dynamics related to ESG and impact considerations,” said Steven Goulart, president of MIM and executive vice president and chief investment officer for MetLife. “MIM will maintain its fundamental investment processes, while AIM brings us additional capabilities to go deeper for clients on evaluating sustainability and risk considerations across all of our core competencies in public fixed income, private fixed income and real estate.”
AIM remains committed to its existing clients in Australia, Europe, Japan and US to deliver mainstream bond market returns along with environmental and social impact. As part of MIM, AIM will continue in its ambition to deliver best in class ESG impact and transition investment solutions to existing and prospective clients.
About Affirmative Investment Management
Affirmative Investment Management (AIM) is a leading global environmental, social and corporate governance (ESG) impact fixed income investment manager with deep capabilities in impact investing, verification, reporting and engagement. Established in 2014, AIM focuses on mobilising mainstream capital to address the major challenges the world faces. Its mission is to manage fixed income portfolios that generate positive environmental and social impact without compromising financial returns. AIM’s highly experienced team is solely focused on investing in, and expanding, the impact bond market with a rigorous approach to building impact bond portfolios and generating returns.
AIM has won numerous ESG and impact related industry awards, most recently Best Sustainability Reporting by a Fund Manager at the 2022 Environmental Finance Sustainable Investment Awards, Best ESG Investment Fund: Fixed Income at the 2022 ESG Investing Awards, Impact Asset Manager of the Year at the 2021 Australian Impact Investment Awards, and Impact Report of the Year (for investors) at the 2021 Environmental Finance Bond Awards.
About MetLife Investment Management
MetLife Investment Management, the institutional asset management business of MetLife, Inc. (NYSE: MET), is a global public fixed income, private capital, and real estate investment manager providing tailored investment solutions to institutional investors worldwide. MetLife Investment Management provides public and private pension plans, insurance companies, endowments, funds and other institutional clients with a range of bespoke investment and financing solutions that seek to meet a range of long-term investment objectives and risk-adjusted returns over time. MetLife Investment Management has over 150 years of investment experience and, as of June 30, 2022, had US$590.9 billion in total assets under management.
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and institutional customers build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.