MetLife’s third private equity fund secures $1.2 billion in commitments, expanding its institutional investment platform.
MetLife’s institutional asset management arm announced its MetLife Investment Private Equity Partners Fund III has secured approximately $1.2 billion in commitments. The fund targets institutional investors and marks the third iteration of the firm’s private equity platform.
The latest fund follows prior vehicles in the series, reinforcing MetLife’s push into alternative investments. No prior fundraising targets or performance benchmarks were disclosed in the release.
MetLife shares traded 0.94% higher following the announcement.