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LP profile

Brighthouse Financial

Corporate · Founded 2017 · Charlotte, United States

#32 LP Ranking #2 of 2,577 corporate and insurance LPs

One of the largest providers of annuities and life insurance in the U.S

69 VC firms backed
$235B AUM
~$2.4B Allocated to VC (est. 1%)
01 · Background

Who Brighthouse Financial is.

Historical Background
Brighthouse Financial was established in 2017 following a strategic separation from its parent company, MetLife, Inc. The company was created to operate as a distinct entity focused on the U.S. market for life insurance and annuities. In 2018, the Brighthouse Foundation was launched to provide financial support to non-profit organizations.
Source of Capital
As a publicly traded insurance company, capital is primarily sourced from the premiums paid by policyholders for its annuity and life insurance products. The company's balance sheet is further supported by the investment returns generated from its large asset portfolio.
Major Events
The company's formation in 2017 through its separation from MetLife represents its most significant corporate restructuring. Brighthouse Financial was first included on the FORTUNE 500 list in 2019.
Allocation Strategy
The firm's investment approach is centered on a conservative portfolio designed to support its long-term insurance and annuity obligations. The company's primary offerings are annuities and life insurance products targeted at the U.S. retail market.
02 · Fund commitments

The funds Brighthouse Financial backs.

Brighthouse Financial is a limited partner in 69 funds. 18 of them place in the Power Law Investor Ranking; those lead, best-ranked first.

03 · Allocation

How Brighthouse Financial’s fund book is spread.

The 69 funds Brighthouse Financial backs, by where the manager is headquartered and how many funds that manager has raised.

Where those managers are based

By fund headquarters, across the 67 of 69 with a location on record.

  • North America 6090%
  • Rest of world 46%
  • Europe 34%

United States 60 · China 3 · United Kingdom 2 · Hong Kong 1

How established those managers are

Managers grouped by how many funds they have raised — across the 33 of 69 with a fund history on record.

Emerging funds · 8
Established funds · 25
3 1
3 2
2 3
2 4
5 5-6
4 7-9
5 10-14
9 15+
Funds raised by the manager
04 · Direct investments

The companies Brighthouse Financial backs directly.

Brighthouse Financial holds 1 company directly, separate from the funds it commits to as a limited partner.

Policygenius
Fintech · USA
$400M valuation