MetLife Investment Management closes PineBridge acquisition

MetLife Investment Management (MIM) has completed its acquisition of PineBridge Investments, creating a combined asset management platform overseeing $734.7 billion in assets.

The deal brings together MIM’s institutional scale with PineBridge’s global investment capabilities and regional depth, supporting MetLife’s broader strategy to accelerate growth in asset management under its New Frontier plan. More than half of PineBridge’s client assets are held outside the U.S., including roughly one-third in Asia.

Following the close, Brian Funk, President of MIM, will lead the combined business, with senior leadership drawn from both organizations. The transaction, first announced in December 2024, excludes PineBridge’s private equity funds group and its China joint venture.

“Together, we are building a firm designed to meet today’s market challenges and capture tomorrow’s investment opportunities. We’re confident the combination of these two firms furthers our ambition to accelerate growth in line with our New Frontier strategy.” – John McCallion, Chief Financial Officer of MetLife and Head of MIM.

“Our leadership team reflects the best of both firms. Together, our expertise and shared vision enable us to generate greater long-term value for our clients.” – Brian Funk, President of MIM.