Privately Traded Assets

2019 YE — All values in USD billionsDefinitions

Firm-Wide Insurance
“Ties” are sorted alphabetically % Private
Firm-Wide
Total
Private
Fixed
Income
Equity,
Equity Alts
Private
3rd-Pty GA
Total Reported 15% 1,793.9 50% 50% 214.8
1 Ares Management Corporation 78% 116.8 74% 26% 13.4
2 Sun Life Capital Management (SLC) 42% 50.6 84% 16% 2.1
3 Macquarie Asset Management 39% 157.4 15% 85% 31.1
4 MetLife Investment Management, LLC 36% 217.4 89% 11% 47.3
5 Barings 35% 119.0 80% 20% 3.5
6 Neuberger Berman 25% 90.6 7% 93% 13.4
7 Securian Asset Management, Inc. 24% 11.2 92% 8% 3.4
8 Voya Investment Management 17% 40.0 71% 29% 7.3
9 Principal Global Investors 16% 79.6 28% 72% 6.4
10 Invesco 15% 185.2 100% 2.5
11 Allianz Global Investors 15% 94.7 44% 56% 1.7
12 New England Asset Management, Inc. 14% 14.9 100% 0% 11.0
13 DWS 13% 110.8 2% 98% 10.2
14 Western Asset Management Company 12% 55.3 100% 8.5
15 AXA Investment Managers 12% 107.2 27% 73%
16 Aberdeen Standard Investments 11% 70.2 62% 38% 16.0
17 Guggenheim Investments 8% 17.1 97% 3% 3.3
18 J.P. Morgan Asset Management 7% 139.4 100% 7.1
19 Fort Washington Investment Advisors, Inc. 6% 4.0 3% 97% .4
20 AllianceBernstein 3% 21.7 69% 31% 1.3
21 Wellington Management Company 3% 40.0 100% .2
22 Brown Brothers Harriman 2% 1.4 100%
23 Pacific Investment Management Company 2% 37.4 100% 1.0
24 Northern Trust Asset Management 1% 9.0 100%
25 Conning 0% .9 100% 0% .9
26 Insight Investment 0% 2.0 100% .4
27 Loomis, Sayles & Company, L.P. 0% .2 100%
28 BlackRock 22.3
29 Robeco .2