MetLife Investment Management (MIM), MetLife, Inc.’s institutional asset management business, said it has completed its acquisition of PineBridge Investments, combining the firms into a platform overseeing $734.7 billion in assets under management on a pro forma basis as of September 30, 2025.
MetLife positioned the transaction as a key step in its “New Frontier” strategy, which prioritizes accelerating growth in asset management. The company said the combination adds PineBridge’s global footprint and specialized investment capabilities to MIM’s institutional scale, with the goal of strengthening its position as a diversified global asset manager.
John McCallion, MetLife’s chief financial officer and head of MIM, said the enlarged organization is intended to address current market conditions while expanding its ability to pursue new opportunities across asset classes and geographies.
MIM also announced a new senior leadership structure that incorporates executives from both organizations. Brian Funk, President of MIM, will lead the combined business following the close, the firm said.
MetLife first disclosed the planned acquisition in December 2024, when it agreed to buy PineBridge from Pacific Century Group. MIM said the acquired client base is notably international, with more than half of client assets held by investors outside the United States and roughly one-third located in Asia.
The transaction does not include PineBridge’s private equity funds group business or its joint venture in China, according to the announcement.
MIM described its investment platform as spanning multi-asset strategies, equities, public and private fixed income, real estate, alternatives, and insurance solutions, serving institutional investors including pension plans, insurers, endowments, and funds.
KEY QUOTES:
“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, MetLife’s chief financial officer 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
