new york stocks
- MetLife (NYSE:METAccording to media reports, the company is in talks to acquire Hayfin Capital Management, a London-based private credit company that began considering a sale last year.
- Discussions may result in a valuation of direct lenders at Over €1.2B (US$1.3B), Bloomberg report Friday, citing people familiar with the matter. Negotiations are ongoing and a deal may or may not be reached.
- Founded in 2019 by former Goldman Sachs executives Tim Flynn and Mark Tognolini, Hayfin invests in private credit through three strategies: direct lending, special opportunities and high-yield credit.
- The talks reportedly come after MetLife Investment Management, the institutional assets arm of MetLife, merged its public fixed income and private capital offerings into a unified structure in April 2024 , Brian Funk leads MIM’s Private Capital team.
- In August last year, Hayfin closed Hayfin Direct Lending Fund IV for more than €6 billion. The company said on its website that since its inception, it has invested more than €41B of capital in more than 500 companies through private markets strategies.
- MetLife (MET) Stock up 0.9% in Friday afternoon trading.
