MetLife Investment Management, the institutional asset management business of MetLife, Inc., announced that it has completed the acquisition of Affirmative Investment Management, a specialist global ESG impact fixed income investment manager. Announced in August 2022, the transaction adds roughly $1.0 billion to MIM’s total assets under management.
“Completing the acquisition of AIM is an important milestone in advancing MIM’s commitment to sustainable investing and meeting the evolving ESG needs of our clients,” said Steven J. Goulart, president of MIM and executive vice president and chief investment officer for MetLife. “We are excited to integrate AIM’s expertise across impact investing, verification, reporting, and engagement into MIM’s fundamental research-based public fixed income, private capital and real estate capabilities. Going forward, our clients will be presented with an even stronger set of investment offerings.”
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AIM has won numerous ESG-related industry awards, most recently Best ESG Investment Fund: Fixed Income at the ESG Investing Awards 2022, Impact Asset Manager of the Year at the 2021 Australian Impact Investment Awards, and Impact Report of the Year (for investors) at the Environmental Finance Bond Awards in 2021.