MetLife Completes Acquisition of Logan Circle Partners, L.P.

Acquisition will accelerate growth of MetLife Investment Management's third-party asset management business

MetLife, Inc. MET today announced that it has completed the acquisition of Logan Circle Partners, L.P. from Fortress Investment Group LLC FIG for approximately $250 million in cash.

Steven J. Goulart, executive vice president and chief investment officer, MetLife, Inc., said, "The acquisition of Logan Circle Partners is an important milestone as MetLife Investment Management expands its domestic and international investment management business for third-party clients. The strength of our combined platform and additional distribution channels will provide our clients with a wider range of investment opportunities across institutional fixed income and real estate markets."

Jude T. Driscoll, Logan Circle Partners founder, chief executive officer and chief investment officer, said, "We're delighted to join the MetLife Investment Management team. We share a commitment to delivering best-in-class investment management solutions for our clients, and we are excited that MetLife's platform and expertise will drive even greater value for our investors."

Logan Circle Partners is a fundamental research-based investment manager, providing institutional clients with actively managed investment solutions across a range of traditional fixed income strategies. As of August 31, 2017, Logan Circle Partners had more than $37 billion in assets under management.

The firm's focus complements MetLife Investment Management's expertise in specialty fixed income assets, which include real estate, agriculture, private placements and structured products, among others.

MetLife Investment Management is MetLife, Inc.'s institutional asset management platform. With a team of more than 800 investment professionals located around the globe, MetLife Investment Management leverages a disciplined credit research and underwriting process to provide institutional clients with deal origination, asset acquisition opportunities and proprietary risk management analytics. For more information, visit www.metlife.com/investments.

About MetLife

MetLife, Inc. MET, through its subsidiaries and affiliates ("MetLife"), is one of the world's leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.

Forward-Looking Statements

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