MetLife Investment Management Supports Prince George’s County Public Schools With $203.5 Million in Public-Private Partnership Financing
Summary
Led by MIM’s Private Capital team, this unique PPP transaction is believed to be one of the first of its kind involving a public school system in the U.S. In Maryland, MetLife had invested more than $500 million as of year-end 2019 in commercial real estate, agriculture, infrastructure, municipal bonds and affordable housing, among other sectors. The company also paid out more than $730 million in claims during 2019, supporting financial security and wellness, jobs, economic growth and ultimately stronger, more sustainable communities. MIM’s Private Capital group comprises private placements, infrastructure and structured credit investment management, and is active across a wide range of industry sectors, including general industrial, healthcare, professional services, retail, utilities, electric transmission, renewable power and social housing, among others. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.