NYL Investors LLC (“NYL Investors” or the “Firm”) is a direct, wholly-owned subsidiary of
New York Life Insurance Company (“New York Life”).
NYL Investors provides a broad array of investment advisory services to: affiliated insurance
companies’ general and separate accounts and other affiliated corporate entities; third-party
institutional clients; investment companies; and other pooled investment vehicles (see “Types of
Clients” section below).
Prior to the formation of NYL Investors in October 2013, our investment groups operated as part
of New York Life Investment Management LLC (“NYLIM”) which is an indirect wholly-owned
subsidiary of New York Life. NYL Investors is comprised of the following investment groups:
(i) Fixed Income Investors (ii) Real Estate Investors and (iii) Private Capital Investors. Through
these investment groups, the Firm offers advisory services which may be tailored to meet a
client’s needs. For example, a client may prohibit the purchase of specific securities, or may
prohibit the purchase of securities within a specific sector or industry. Client imposed
restrictions are detailed in the client’s investment advisory agreement.
As of December 31, 2023, NYL Investors had the following client assets under management:
$300,011,779,723 on a discretionary basis, and $885,958,589 on a non-discretionary basis. Total
assets under management are $300,897,738,311.
Fixed Income Investors
NYL Investors’ Fixed Income Investors Group (“FII”) offers fixed income advisory services.
FII has expertise in most major U.S. dollar fixed income sectors including: investment grade
corporate bonds, mortgage-backed securities, asset-backed securities, government securities,
high yield bonds, floating rate loans, and traditional private placements or under Rule 144A of
the Securities Act of 1933 for a wide range of sectors. NYL Investors serves as collateral
manager for a series of collateralized loan obligation vehicles (“CLOs”). NYL Investors also
serves as subadviser to third party CLO/CDO for which its affiliated investment adviser,
NYLIM, serves as collateral manager.
FII employs a team-oriented approach to managing fixed income portfolios for affiliated and
unaffiliated clients in the institutional markets. Using a combination of top-down fundamental
analysis and bottom-up credit research, FII seeks to construct diversified portfolios that are
designed
to deliver consistent performance and stability. This is accomplished by striving to add
incremental excess return while avoiding principal loss.
Real Estate Investors
NYL Investors’ Real Estate Investors Group (“REI”) offers real estate debt and equity advisory
services to our parent company, New York Life and its affiliates, and to third-party investors
through our pooled real estate investment funds and separate accounts. With respect to real
estate-related debt products, REI’s capabilities and services include origination, underwriting,
closing and loan management of commercial mortgage loans, mezzanine, bridge, construction
financing and structured debt investments, underwriting, acquisition and monitoring of
commercial mortgage-backed securities and unsecured REIT bonds in a collaborative effort with
FII. REI also provides acquisition, disposition and asset management services with respect to
real estate equity investments for New York Life and its affiliates, and for third party investors
through pooled real estate investment funds and customized separate accounts. Additionally,
within the real estate asset class, REI identifies and underwrites investments in third party-
sponsored real estate equity and debt funds and low-income housing tax credit (“LIHTC”) funds.
Lastly, REI provides advisory and asset management services to New York Life for its corporate
properties and for its leased properties.
Private Capital Investors
NYL Investors’ Private Capital Investors Group (“PCI”) offers financing solutions in the private
placement market to public and private companies, endowments, charitable institutions, and
cooperatives. PCI has specialized industry sector expertise in the infrastructure, utilities, oil and
gas, REITs, sports, not-for-profits and media sectors. Deals are typically sourced either through
placement agents in syndicated transactions or on a bilateral basis through PCI team members’
direct relationships with senior management at the issuer company. Team members are
responsible for ongoing portfolio monitoring.
PCI employs a clearly defined investment process which is consistently executed and managed
by experienced professionals to seek to achieve optimal results. Bottom-up fundamental
research provides the basis for investment selection combined with a long-term orientation
focused on the ability to withstand multiple economic cycles.