MetLife Investment Management (MIM), the institutional asset management business of MetLife, has completed its acquisition of alternative investment firm Raven Capital Management. Announced in February 2023, the transaction adds approximately $2.1 billion to MIM’s total assets under management.

“We’re pleased to announce the completion of our acquisition of Raven, which complements our already strong private credit platform and deepens our origination capabilities,” said Steven J. Goulart, president of MIM and executive vice president and chief investment officer for MetLife. “Together, we’re looking forward to offering a broader set of credit strategies and investment capabilities to our clients.”

Raven is primarily focused on direct asset-based investments, including senior secured loans as well as the outright purchase of cash-flowing assets. The team invests across the private credit spectrum, with a specialization in primary origination, underwriting, execution and management of middle market direct asset-based investments.