Key Takeaways
- • Brian Funk, President of MetLife Investment Management, announced the close of MetLife Investment Private Equity Partners Fund III at $1.2 billion, representing a significant capital commitment to the firm's private equity strategy.
- • Funk oversees MetLife Investment Management's $616.9 billion in total assets under management, with responsibility for over $150 billion in private capital investments across multiple asset classes.
- • The Fund III close demonstrates continued institutional investor appetite for MetLife's private equity offerings and strengthens MIM's position in the competitive private markets fundraising landscape.
- • Funk assumed the presidency of MIM in May 2026, replacing Jude Driscoll, and is tasked with delivering investment performance and driving client growth across the asset manager's global operations.
Summary
Brian Funk, President of MetLife Investment Management, announced the successful close of MetLife Investment Private Equity Partners Fund III at $1.2 billion. The fund closure represents a milestone in MIM's private equity fundraising efforts and underscores continued institutional investor confidence in the firm's private markets strategy.
Funk leads MetLife Investment Management, a $616.9 billion asset manager operating across public and private markets. In his role as Global Head of Private Capital prior to his presidential appointment, Funk managed a portfolio exceeding $150 billion in private investments, positioning him as a seasoned practitioner in alternative asset management. His elevation to president reflects the strategic importance MetLife places on private capital within its broader investment operations and client service mandate.
The Fund III close complements MIM's broader private markets activity, particularly its engagement with energy transition investments and infrastructure opportunities that align with institutional investor demand for diversified alternative exposures. Funk assumed the presidency in May 2026, succeeding Jude Driscoll, and carries responsibility for delivering investment performance and fostering client growth across MIM's extensive asset base. His background in credit research and private capital positioning reinforces MIM's focus on generating alpha across multiple investment disciplines while maintaining the fiduciary standards required by institutional investors.
Funk leads MetLife Investment Management, a $616.9 billion asset manager operating across public and private markets. In his role as Global Head of Private Capital prior to his presidential appointment, Funk managed a portfolio exceeding $150 billion in private investments, positioning him as a seasoned practitioner in alternative asset management. His elevation to president reflects the strategic importance MetLife places on private capital within its broader investment operations and client service mandate.
The Fund III close complements MIM's broader private markets activity, particularly its engagement with energy transition investments and infrastructure opportunities that align with institutional investor demand for diversified alternative exposures. Funk assumed the presidency in May 2026, succeeding Jude Driscoll, and carries responsibility for delivering investment performance and fostering client growth across MIM's extensive asset base. His background in credit research and private capital positioning reinforces MIM's focus on generating alpha across multiple investment disciplines while maintaining the fiduciary standards required by institutional investors.
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