MetLife Investment Management, the institutional asset managment business of MetLife Inc., has acquired Affirmative Investment Management, a global environmental, social and corporate governance impact fixed income Investment manager.

The deal serves to enhance MIM’s ESG investment and reporting offerings. AIM delivers capabilities across ESG impact investing, verification reporting and engagement and has assets under management totaling over $1 billion.

“By combining AIM’s expertise with MIM’s commitment to sustainable investing, we will be even better positioned to provide comprehensive insight and counsel to clients and consultants on ESG considerations,” said Steven Goulart, president of MIM and executive vice president and chief investment officer for MetLife. “MIM will maintain its fundamental investment processes, and AIM brings us additional capabilities to evaluate sustainability and risk considerations across our core competencies in public fixed income, private fixed income and real estate.”