MetLife Investment Management Infrastructure Debt

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Infrastructure Debt

Available Vehicles

Separately Managed Accounts

$28.5

Private Infrastructure

We provide capital for economic and social infrastructure development. As a long-term, buy-and-hold investor, we focus on greenfield and brownfield investments that provide essential public services and offer the potential for stable and predictable cash flows.

Objective

We offer an Infrastructure Debt strategy that seeks to originate investment grade, senior secured notes in fully contracted greenfield and brownfield entities with strong track records. We believe that core infrastructure debt is attractive given the underlying essential hard assets, cash flow potential, high barriers to entry, likelihood of government support and generally low historical loss rates. Typical investments include pipelines, ports, bridges, roads, airports and power facilities, using a global strategy to try to optimize transaction flow.

Why Infrastructure Debt

Critical Assets: Provide funding for investments that support the economic and/or social well-being of a country or region

Diversification: Issuers, sectors and/or structures that generally are not available in the public markets

Downside Protection: Financial covenants and/or collateral, which seek to provide protection and may be especially important in a deteriorating credit environment

Economics: Attractive spread and incremental income opportunities

Asset/Liability Management: Call protection and flexible maturity profiles

Philosophy

Our infrastructure debt philosophy is based on the mantra: “credit, structure, pricing.” We seek to invest in credits whose transactions are well structured, properly priced and have sufficient relative value compared to other investment opportunities.

We are active in sourcing transactions directly from borrowers and equity sponsors as well as responding to agented deals. Having a broad universe of investment opportunities allows us to be selective in choosing the deals in which to invest.

Approach

  • Rigorous credit analysis to facilitate the selection of credits with appropriate structures, robust protections, and attractive relative value
  • Utilize MetLife Investment Management's size and presence to seek access to new direct deals and receive favorable allocations. Often able to customize deal terms and structures
  • Construct portfolios of investments tailored to help meet client needs across sectors, maturities and credit quality

Differentiating Factors

  • Long-standing experience investing in private capital, utilizing industry-focused analysts with established sector relationships
  • Dedicated team of professionals solely focused on the infrastructure debt market
  • Increased access via agent transactions as well as MetLife Investment Management direct-origination deals
  • Rigorous underwriting process and robust credit monitoring with specialized analysts

Get in touch with a MetLife Investment Management professional

As of June 30, 2020. At estimated fair value.

Investors should carefully consider their investment objectives, risks, fees, charges and expenses before investing any money. To obtain this and other information, please email icg@metlife.com to request more information. Please review the Terms of Use of this site for additional details.