MetLife Senior Direct Lending II Rated Fund, LP

SEC Filing Record

Offering Amount

$960.0M

Strategy

Other

Exemption

06b

Date Filed

May 22, 2026

0000905148-26-002624

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37A Read

This is a vintage II continuation in MetLife's direct lending series, filed as an amendment rather than an initial filing, indicating the GP is modifying terms or LP terms for an already-marketed fund rather than launching from scratch—a common move when lead commitments arrive before final close.

MetLife Investment Management is anchoring the GP slots alongside the dedicated fund entity and two named individuals (Candy and Campbell), signaling this is an institutional asset manager's captive direct lending program rather than an independent credit shop, which typically means the fund will prioritize MetLife's own portfolio companies and balance-sheet flexibility over third-party deal sourcing.

A mid-2026 amendment filing on a senior direct lending vehicle arrives as floating-rate credit markets stabilize post-rate-cut cycle and institutional LPs rotate capital from equity into fixed-income alternatives, making this the optimal window for a $960M institutional credit close before year-end deployment.

Verify whether this amendment added or removed key-person protections tied to Candy or Campbell, and confirm whether the fund has a most-favored-nation (MFN) provision that auto-adjusts LP economics if MetLife raises a parallel fund for other LP classes—direct lending structures often hide fee or carry drag in these clauses.

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Principals

General Partners & Executives

n/a MetLife Senior Direct Lending II Rated Fund GP, LLC n/a MetLife Investment Management, LLC Derek Candy Tanya Campbell

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MetLife Files $960M Senior Direct Lending II Amendment as Credit Markets Stabilize

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