{"id":403777,"date":"2020-12-21T09:33:09","date_gmt":"2020-12-21T14:33:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=403777"},"modified":"2020-12-21T09:33:09","modified_gmt":"2020-12-21T14:33:09","slug":"metlife-investment-management-facilitates-130m-investment-in-brookfield-renewable-partners-sidney-a-murray-jr-hydroelectric-facility-in-louisiana","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/metlife-investment-management-facilitates-130m-investment-in-brookfield-renewable-partners-sidney-a-murray-jr-hydroelectric-facility-in-louisiana\/","title":{"rendered":"MetLife Investment Management Facilitates $130M Investment in Brookfield Renewable Partners\u2019 Sidney A. Murray, Jr. Hydroelectric Facility in Louisiana"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>MetLife Investment Management Facilitates $130M Investment in Brookfield Renewable Partners\u2019 Sidney A. Murray, Jr. Hydroelectric Facility in Louisiana<\/b><\/p>\n<p>WHIPPANY, N.J.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Finvestments.metlife.com%2F&amp;esheet=52351693&amp;newsitemid=20201221005470&amp;lan=en-US&amp;anchor=MetLife+Investment+Management&amp;index=1&amp;md5=8865d9dced367e80112e5508c630156b\">MetLife Investment Management<\/a> (MIM), the institutional asset management business of <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.metlife.com%2F&amp;esheet=52351693&amp;newsitemid=20201221005470&amp;lan=en-US&amp;anchor=MetLife%2C+Inc&amp;index=2&amp;md5=a6a50b29271d98f31436ffcd4e4816b7\">MetLife, Inc<\/a>. (NYSE: MET), facilitated a $130 million investment, including $74 million on behalf of unaffiliated clients, in the senior secured private placement financing of Brookfield Renewable Partners\u2019 (\u201dBrookfield\u201d) Sidney A. Murray, Jr. Hydroelectric facility in Louisiana.\n<\/p>\n<p>\nThe Sidney A. Murray, Jr. Hydroelectric facility is a 192 megawatt run-of-river station located adjacent to the Mississippi River in Concordia Parish, Louisiana. It was developed in 1990 through the Catalyst Old River Hydroelectric Partnership, a partnership program with the Town of Vidalia, a local municipality.\n<\/p>\n<p>\nThe facility is one of the leading sustainable assets in Louisiana, providing renewable electricity generation through hydropower in a region of relatively high carbon intensity. It is also part of the Old River Control Complex, a collection of four structures operated to better manage flooding in the region.\n<\/p>\n<p>\nThe $130 million investment, part of a larger $560 million private placement financing executed by Brookfield, was facilitated by <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Finvestments.metlife.com%2Finvestment-strategies%2Fprivate-capital%2Fprivate-placement-debt%2F&amp;esheet=52351693&amp;newsitemid=20201221005470&amp;lan=en-US&amp;anchor=MIM%26%238217%3Bs+Infrastructure+team&amp;index=3&amp;md5=4be262eb0aa66023c4a8ca78f5f5a9cb\">MIM\u2019s Infrastructure team<\/a> and funded by MetLife and six unaffiliated clients. The proceeds support Brookfield\u2019s ownership of the facility as a global leader of renewable power with strong ESG principles and practices.\n<\/p>\n<p>\nJohn Tanyeri, MetLife Investment Management\u2019s global head of Infrastructure, said: \u201cGiven the volatile backdrop this year as a result of the pandemic, our ability to deliver execution certainty amidst challenging markets remains critically important to our clients and to our issuers and sponsors, such as Brookfield. This investment is perfectly aligned with our long-term focus on and commitment to environmental sustainability.\u201d\n<\/p>\n<p>\nMIM\u2019s Infrastructure platform is part of the firm\u2019s Private Capital group. MIM\u2019s Private Capital team, which comprises private placements, infrastructure and structured credit, is active across a wide range of industry sectors, including general industrial, healthcare, professional services, retail, utilities, electric transmission, renewable power, social housing and other infrastructure sectors. As of September 30, 2020, MIM managed a total private placement debt portfolio of $94.1 billion on behalf of affiliated and unaffiliated clients.\n<\/p>\n<p>\nThis transaction follows MetLife\u2019s recent release of its new <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.metlife.com%2Fsustainability%2FMetLife-sustainability%2Fclimate%2Fenvironment-goals%2F&amp;esheet=52351693&amp;newsitemid=20201221005470&amp;lan=en-US&amp;anchor=2030+Environmental+Goals&amp;index=4&amp;md5=9815be3d71c5b5b36c964f79b8bb20b8\">2030 Environmental Goals<\/a>.\n<\/p>\n<p><span class=\"bwuline\">About MetLife Investment Management<br \/>\n<br \/><\/span><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Finvestments.metlife.com%2F&amp;esheet=52351693&amp;newsitemid=20201221005470&amp;lan=en-US&amp;anchor=MetLife+Investment+Management&amp;index=5&amp;md5=2fd3676829713a526b43c97bbbda06ba\">MetLife Investment Management<\/a>, the institutional asset management business of MetLife, Inc. (NYSE: MET), is a global public fixed income, private capital and real estate investment manager providing tailored investment solutions to institutional investors worldwide. MetLife Investment Management provides public and private pension plans, insurance companies, endowments, funds and other institutional clients with a range of bespoke investment and financing solutions that seek to meet a range of long-term investment objectives and risk-adjusted returns over time. MetLife Investment Management has over 150 years of investment experience and as of September 30, 2020, had <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fs23.q4cdn.com%2F579645270%2Ffiles%2Fdoc_downloads%2Ffactsheets%2F2020%2Fq3%2FQ3-2020-Total-AUM11.05.2020.pdf&amp;esheet=52351693&amp;newsitemid=20201221005470&amp;lan=en-US&amp;anchor=%24651.1+billion+in+total+assets+under+management%5B1%5D.&amp;index=6&amp;md5=e60fb64492a59a431f2fdae3c4e1650b\">$651.1 billion in total assets under management<sup>[1]<\/sup>.<\/a><sup \/>For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Finvestments.metlife.com&amp;esheet=52351693&amp;newsitemid=20201221005470&amp;lan=en-US&amp;anchor=https%3A%2F%2Finvestments.metlife.com&amp;index=7&amp;md5=524eced58ae66c988179650346bfa56b\">https:\/\/investments.metlife.com<\/a>.\n<\/p>\n<p><span class=\"bwuline\">About MetLife<br \/>\n<br \/><\/span>MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (\u201cMetLife\u201d), is one of the world\u2019s 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 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.metlife.com&amp;esheet=52351693&amp;newsitemid=20201221005470&amp;lan=en-US&amp;anchor=www.metlife.com&amp;index=8&amp;md5=9bec5e868633c8091cdbc51b717f79f7\">www.metlife.com<\/a>.\n<\/p>\n<p><i><sup>1<\/sup> At estimated fair value. Includes MetLife general account and separate account assets and unaffiliated \/ third party assets.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201221005470r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201221005470\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201221005470\/en\/<\/a><\/span><\/p>\n<p>\nJames Murphy<br \/>\n<br \/>+1 917-225-6303<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:james.p.murphy@metlife.com\">james.p.murphy@metlife.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Louisiana New Jersey United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> REIT Finance Professional Services Construction &amp; Property Insurance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201221005470\/en\/550710\/3\/ML_LOGO_RGB_FINAL_TEMP_100316.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>MetLife Investment Management Facilitates $130M Investment in Brookfield Renewable Partners\u2019 Sidney A. Murray, Jr. Hydroelectric Facility in Louisiana WHIPPANY, N.J.&#8211;(BUSINESS WIRE)&#8211;MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), facilitated a $130 million investment, including $74 million on behalf of unaffiliated clients, in the senior secured private placement financing of Brookfield Renewable Partners\u2019 (\u201dBrookfield\u201d) Sidney A. Murray, Jr. Hydroelectric facility in Louisiana. The Sidney A. Murray, Jr. Hydroelectric facility is a 192 megawatt run-of-river station located adjacent to the Mississippi River in Concordia Parish, Louisiana. It was developed in 1990 through the Catalyst Old River Hydroelectric Partnership, a partnership program with the Town of Vidalia, a local municipality. The facility is one of the leading &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/metlife-investment-management-facilitates-130m-investment-in-brookfield-renewable-partners-sidney-a-murray-jr-hydroelectric-facility-in-louisiana\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;MetLife Investment Management Facilitates $130M Investment in Brookfield Renewable Partners\u2019 Sidney A. Murray, Jr. Hydroelectric Facility in Louisiana&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-403777","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MetLife Investment Management Facilitates $130M Investment in Brookfield Renewable Partners\u2019 Sidney A. Murray, Jr. Hydroelectric Facility in Louisiana - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/metlife-investment-management-facilitates-130m-investment-in-brookfield-renewable-partners-sidney-a-murray-jr-hydroelectric-facility-in-louisiana\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MetLife Investment Management Facilitates $130M Investment in Brookfield Renewable Partners\u2019 Sidney A. Murray, Jr. Hydroelectric Facility in Louisiana - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MetLife Investment Management Facilitates $130M Investment in Brookfield Renewable Partners\u2019 Sidney A. Murray, Jr. Hydroelectric Facility in Louisiana WHIPPANY, N.J.&#8211;(BUSINESS WIRE)&#8211;MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), facilitated a $130 million investment, including $74 million on behalf of unaffiliated clients, in the senior secured private placement financing of Brookfield Renewable Partners\u2019 (\u201dBrookfield\u201d) Sidney A. Murray, Jr. Hydroelectric facility in Louisiana. The Sidney A. Murray, Jr. Hydroelectric facility is a 192 megawatt run-of-river station located adjacent to the Mississippi River in Concordia Parish, Louisiana. It was developed in 1990 through the Catalyst Old River Hydroelectric Partnership, a partnership program with the Town of Vidalia, a local municipality. The facility is one of the leading &hellip; Continue reading &quot;MetLife Investment Management Facilitates $130M Investment in Brookfield Renewable Partners\u2019 Sidney A. 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Murray, Jr. Hydroelectric Facility in Louisiana - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/metlife-investment-management-facilitates-130m-investment-in-brookfield-renewable-partners-sidney-a-murray-jr-hydroelectric-facility-in-louisiana\/","og_locale":"en_US","og_type":"article","og_title":"MetLife Investment Management Facilitates $130M Investment in Brookfield Renewable Partners\u2019 Sidney A. Murray, Jr. Hydroelectric Facility in Louisiana - Market Newsdesk","og_description":"MetLife Investment Management Facilitates $130M Investment in Brookfield Renewable Partners\u2019 Sidney A. Murray, Jr. Hydroelectric Facility in Louisiana WHIPPANY, N.J.&#8211;(BUSINESS WIRE)&#8211;MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), facilitated a $130 million investment, including $74 million on behalf of unaffiliated clients, in the senior secured private placement financing of Brookfield Renewable Partners\u2019 (\u201dBrookfield\u201d) Sidney A. Murray, Jr. Hydroelectric facility in Louisiana. The Sidney A. Murray, Jr. Hydroelectric facility is a 192 megawatt run-of-river station located adjacent to the Mississippi River in Concordia Parish, Louisiana. It was developed in 1990 through the Catalyst Old River Hydroelectric Partnership, a partnership program with the Town of Vidalia, a local municipality. The facility is one of the leading &hellip; Continue reading \"MetLife Investment Management Facilitates $130M Investment in Brookfield Renewable Partners\u2019 Sidney A. Murray, Jr. Hydroelectric Facility in Louisiana\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/metlife-investment-management-facilitates-130m-investment-in-brookfield-renewable-partners-sidney-a-murray-jr-hydroelectric-facility-in-louisiana\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-21T14:33:09+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201221005470r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/metlife-investment-management-facilitates-130m-investment-in-brookfield-renewable-partners-sidney-a-murray-jr-hydroelectric-facility-in-louisiana\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/metlife-investment-management-facilitates-130m-investment-in-brookfield-renewable-partners-sidney-a-murray-jr-hydroelectric-facility-in-louisiana\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"MetLife Investment Management Facilitates $130M Investment in Brookfield Renewable Partners\u2019 Sidney A. 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