MetLife Investment Management has closed Galaxy 38 CLO, Ltd., a $450 million target par new issue collateralized loan obligation. PineBridge Investments, part of MIM, serves as collateral manager for the transaction, with BofA Securities, Inc. acting as arranger. Galaxy 38 marks the 45th CLO issuance by the Leveraged Finance team, which has managed CLOs since 1999 through a global platform covering U.S. and European loans, high-yield bonds and CLOs. As of June 30, 2026, PineBridge Investments managed $26.0 billion in leveraged finance assets, including $12.8 billion in CLO assets under management across PineBridge-managed CLOs and CLO tranche investments. MIM, the institutional asset management business of MetLife, Inc., had $748.1 billion in total assets under management as of June 30, 2026.
MetLife IncMetLife's MIM closed a $450 million Galaxy 38 CLO, expanding its CLO platform and fee-generating assets.
Bank of America CorpPineBridge Investments serves as collateral manager for the new $450 million Galaxy 38 CLO, adding to its $12.8 billion CLO AUM.
