Private Capital Quarterly Update (4Q 2021)

ABOUT US : Collapsed
INVESTMENT STRATEGIES : Collapsed
FINANCING SOLUTIONS : Collapsed
INSIGHTS : Collapsed

Private Credit Quarterly Update (4Q 2021)

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MetLife Investment Management Private Capital Team
FEB 22, 2022

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Introduction

MIM’s Private Credit business saw strong activity in 2021 originating $15.6 billion1 in private placement debt and private structured credit bringing our private credit debt portfolio to $103.7 billion as of December 31, 2021. The past year saw solid diversification with no one sector in corporate or infrastructure private placements comprising more than 18% of total originations in their respective portfolios. We expect 2022 issuance to remain steady in corporate private placements and continue to build in infrastructure debt as economic growth continues to normalize and issuers refinance ahead of rate hikes. In private structured credit, we expect investor demand for credit to be strong in the first quarter and we believe the consumer space, alternatives financing and commercial ABS to be attractive sectors.