Private Capital Investors1 is the private debt investment arm of NYL Investors LLC, which is a wholly-owned subsidiary of New York Life Insurance Company.
Formed in October 2013, NYL Investors has primary responsibility for managing the fixed income assets of its parent company New York Life. NYL Investors, including certain affiliates, has approximately $232 billion in assets under management2 as of March 31, 2017 of which $38 billion is managed by Private Capital Investors.
Our parent company, New York Life, was founded in 1845 and is a Fortune 100 company.3 It is one of the largest mutual life insurance companies in the United States, holding the highest ratings for financial strength currently awarded to any U.S. life insurer.4
Below is a snapshot of our organizational structure.
1Prior to the formation of NYL Investors, Private Capital Investors operated as an investment division of New York Life Investment Management, LLC which is an affiliated investment adviser.
2Assets Under Management represent the combined fixed income assets of NYL Investors LLC and New York Life Investment Management LLC, an affiliated advisor. It also includes assets of Madison Capital Funding, a separate legal entity. AUM for Real Estate Investors also includes assets under administration.
3Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance, Life, Health (Mutual),” Fortune Magazine June 2016. For methodology, please see http://fortune.com/fortune500/.
4Individual independent rating agency commentary as of July, August, and September 2016. Ratings are based on the financial strength of New York Life Insurance Company and apply only to Guaranteed Products.