New York Life Investment Management

What New York Life Investment Management does

New York Life Investment Management (NYLIM) is the global asset management platform of New York Life Insurance Company, a mutual insurer founded in 1845. Formally established as a unified brand on January 1, 2026, and officially launched on February 25, 2026, NYLIM consolidates New York Life's general account and third-party asset management businesses into a single platform managing approximately $807 billion in assets under management as of March 31, 2026, ranking among the top 30 largest asset managers globally. The firm operates through a multi-boutique architecture comprising wholly owned and majority-owned specialist affiliates including Candriam (European asset management), MacKay Shields and NYL Investors (fixed income, approximately $270 billion combined), Ausbil (Australian equities), Kartesia (European private credit, ~80% stake as of February 2026), Apogem Capital, Andera Partners, Bow River Advisers, and Tristan Capital Partners, each maintaining portfolio management autonomy while sharing institutional infrastructure.

NYLIM offers investment solutions across all major asset classes — equities, fixed income, municipal bonds, alternatives, and multi-asset — distributed through mutual funds, ETFs, closed-end funds, interval funds, and variable portfolios. Distribution channels include NYSE-listed products, financial advisor and RIA networks, institutional direct sales to pensions, endowments, and insurance companies, and a direct-to-consumer website. Recent product launches include the NYLI Investment Grade CLO ETF (CLOO, May 2026) and NYLI International Small-Mid Cap Equity ETF (NISM, May 2026), with an NYLI-to-NYLIM rebranding of U.S. retail products effective August 28, 2026.

The firm generates revenue primarily through recurring management fees on AUM and advisory services for institutional clients, with pricing not publicly disclosed. It serves three primary customer segments: individual investors, financial advisors, and institutional investors, with a global footprint spanning the United States, Europe, and Australia. The platform is headquartered in New York with additional offices including Jersey City (NYLIFE Distributors LLC) and operates with 501-1,000 employees under CEO Naïm Abou-Jaoudé.

Name

New York Life Investment Management

Legal name

New York Life Investment Management LLC

Website

https://nylinvestments.com

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

501–1,000 employees

Short description

New York Life Investment Management is the global asset management arm of New York Life Insurance Company, managing approximately $807 billion across public and private markets through a multi-boutique model serving institutional, financial advisor, and individual investors worldwide.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Insurance General Accounts (Institutional Asset Owners) (FSAAAGAG)

akta.pro secondary industries

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ), Emerging Markets Equity (Active) (FSAAAIAF), Large-Cap Equity (Active) (FSAAAIAA)

Keywords

• Asset management services
• Investment management platform
• Mutual funds and ETFs
• Fixed income strategies
• Private markets investing

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Investment Management Fees: New York Life Investment Management generates revenue primarily through management fees charged on assets under management across its diversified investment product suite including mutual funds, ETFs, closed-end funds, interval funds, and separately managed accounts.
2. Advisory Services: The firm provides investment advisory services to institutional clients and third-party investors, generating fee-based revenue for portfolio management, consulting, and overlay services including ESG screening and model portfolio delivery.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

New York Life Investment Management is a global asset management platform that provides actively managed investment products and advisory services across public and private markets. Its offering spans mutual funds, ETFs, closed-end funds, interval funds, and variable portfolios covering equities, fixed income, municipal bonds, alternatives, and multi-asset strategies, distributed to institutional investors, financial advisors, and individual investors.

Product overview

New York Life Investment Management is a unified global asset management platform offering investment solutions across public and private markets. The company operates a multi-boutique structure with affiliated investment managers including MacKay Shields, NYL Investors, Ausbil, Candriam, and Kartesia, each maintaining portfolio management autonomy while sharing institutional resources. The product lineup includes Mutual Funds, ETFs (such as NYLI Investment Grade CLO ETF and NYLI International Small-Mid Cap Equity ETF), Closed-End Funds (including NYLI CBRE Global Infrastructure Megatrends Term Fund), Interval Funds, and Variable Portfolios. Investment strategies span all major asset classes: Equities, Fixed Income, Municipal Bonds, Alternatives, and Multi-Asset. The platform manages approximately $807 billion in assets under management as of March 2026, ranking among the top 30 largest asset managers globally with leading positions in global active fixed income and private markets.

Differentiator

Problem solved

Functional benefit

Brands

• NYLI: Brand prefix for U.S. retail investment products including mutual funds, ETFs, and closed-end funds, being renamed to NYLIM effective August 28, 2026.
• NYLIM

Products and services

• Mutual Funds Range of open-end mutual funds covering equities, fixed income, municipal bonds, alternatives, and multi-asset strategies, distributed by NYLIFE Distributors LLC to financial advisors and individual investors.
• ETFs (Exchange-Traded Funds) Suite of actively managed exchange-traded funds including equity ETFs, fixed income ETFs, and specialized thematic ETFs offered under the NYLI/NYLIM brand and distributed on NYSE.
• Closed-End Funds Portfolio of closed-end funds investing across various asset classes including global infrastructure, municipal bonds, and other income-oriented strategies, traded on NYSE.
• Interval Funds Interval funds offering periodic redemption windows, providing investors access to alternative investments with limited liquidity features.
• Variable Portfolios (VP Portfolios) Variable portfolio products designed for use within variable annuity products and other insurance-based investment solutions.
• NYLI Investment Grade CLO ETF (CLOO) Actively managed ETF investing primarily in investment-grade collateralized loan obligations (CLOs), with at least 80% of the portfolio allocated to investment-grade securities. Managed by portfolio managers Arthur Torrey and Christian Saltaformaggio, targeting income and capital preservation through a disciplined, research-driven approach.
• NYLI International Small-Mid Cap Equity ETF (NISM) Actively managed ETF investing in 50 to 100 non-U.S. small- and mid-cap companies with market capitalizations from approximately $500 million to $35 billion, subadvised by Ausbil Investment Management Limited.
• NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) Closed-end fund traded on NYSE investing primarily in income-producing equity securities issued by infrastructure companies, with CBRE Global Infrastructure serving as subadvisor.
• NYLI MacKay DefinedTerm Muni Opportunities Fund Municipal bond-focused mutual fund with monthly dividend distributions; dividends derived from undistributed net investment income and managed by MacKay Shields.
• Institutional Advisory and Overlay Services Investment advisory services delivered to institutional clients and third-party investors, including portfolio management, consulting, ESG screening, and model portfolio delivery.
• Multi-Boutique Manager Network Specialized active management offerings (fixed income, municipal bonds, Australian equities, European multi-asset, European private credit, alternatives) delivered through affiliated boutique managers that operate with portfolio management autonomy within the NYLIM platform.

Quantifiable outcome

• 21.32% cumulative total return for fiscal year ending May 31, 2026 for NYLI CBRE Global Infrastructure Megatrends Term Fund
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• CBRE Global InfrastructurecoreImplementation/ SI/ Consulting Partner · 12 June 2026CBRE Global Infrastructure serves as subadvisor for the NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI), providing expertise in infrastructure investments for the closed-end fund focused on income-producing equity securities issued by infrastructure companies.
• Ausbil Investment Management LimitedcoreImplementation/ SI/ Consulting Partner · 14 May 2026Ausbil serves as subadvisor for the NYLI International Small-Mid Cap Equity ETF (NISM), leveraging its established global small cap strategy within New York Life's network. Ausbil is a specialist active equity manager providing investment research and portfolio management for international small and mid-cap equities.
• NYL Investors LLCcoreImplementation/ SI/ Consulting Partner · 6 May 2026NYL Investors LLC serves as subadvisor for the NYLI Investment Grade CLO ETF (CLOO), managing the portfolio with portfolio managers Arthur Torrey and Christian Saltaformaggio using a CLO management framework established since 2010.
• CandriamcoreStrategic or Co-development Partner · 3 March 2026Candriam, New York Life's European subsidiary, co-invested with NYLIM in acquiring majority control of Kartesia. Candriam serves as a specialist active equity and fixed income manager within NYLIM's global network, managing assets across multiple strategies.
• Donaldson Impact InvestmentsminorStrategic or Co-development Partner · 3 March 2026Donaldson Impact Investments partnered with NYLIM and Housing Initiative Partnership to acquire Yorkshire Apartments, a 326-unit garden-style community in Silver Spring, Maryland, for conversion to mixed-income affordable housing.
• Housing Initiative PartnershipminorStrategic or Co-development Partner · 3 March 2026Not-for-profit developer Housing Initiative Partnership collaborated with Donaldson Impact Investments and NYLIM on the acquisition of Yorkshire Apartments for conversion to affordable housing, with 50% of units designated affordable to households earning up to 60% of area median income.

Scale indicators9 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Invesco: Global independent active asset manager with a comparable multi-affiliate model and overlapping coverage in active equities, fixed income, ETFs, and alternatives. Closely aligned business model and distribution footprint.
• Franklin Templeton: Multi-affiliate active manager with mutual funds, ETFs, and alternatives, distributed globally through advisor and institutional channels. Highly comparable product suite and boutique federation structure.
• Nuveen (TIAA): Asset management arm of a mutual insurance/retirement organization, with strong franchises in municipal bonds, fixed income, real assets, and alternatives. Direct parallel as an insurance-parent-owned active manager.
• T. Rowe Price: Large diversified active manager with comparable mutual fund and ETF lineup, substantial fixed income and alternatives presence, and global distribution to advisors and institutions.
• Schroders: London-based active asset manager with global boutique structure, broad asset class coverage, and strong fixed income and alternatives franchises — overlaps NYLIM's multi-boutique positioning exactly.
• abrdn: Global multi-boutique active manager offering mutual funds, ETFs, and alternatives distributed through advisor and institutional channels. Highly comparable federation model and product breadth.
• Manulife Investment Management: Asset management arm of Manulife, a major mutual insurer, with global active franchises in fixed income, alternatives, and real estate. Direct parallel to NYLIM's insurance-parent-owned multi-boutique structure.
• MetLife Investment Management: Insurance-parent-owned institutional asset manager emphasizing fixed income, real estate, and private credit — directly analogous to NYLIM's general-account-and-third-party model built around New York Life.

Broad incumbents

• BlackRock: Largest global asset manager with massive iShares ETF franchise and growing private markets platform. Competes for the same institutional and advisor mandates across most of NYLIM's asset classes.
• Vanguard: Industry-disruptive incumbent whose index and low-fee active funds define the competitive pricing backdrop against which NYLIM's actively managed products must differentiate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/NYLInvestmentManagement
• LinkedInlinkedin.com/company/nylinvestments
• Xx.com/NewYorkLife

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments9 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New York Life Investment Management