Through every cycle, one thing stays the same: our dedication to clients.
At New York Life Investments, we carry forward the legacy of our parent company. We are focused on long-term performance, built to serve across market cycles and generations. We are comprised of the global asset management businesses of New York Life, one of the oldest and largest mutual life insurers in the U.S. with the highest financial strength ratings currently awarded by all four major credit agencies—including AAA.1 Through it all, one constant remains: our unwavering commitment to our clients. 2
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2025
CANDRIAM expands strategic partnership with its largest client, Belfius Bank, which acquires a 33% minority stake in CANDRIAM.
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2024
MainStay mutual funds and IndexIQ ETFs are both renamed “NYLI.” CANDRIAM takes a 40% minority equity interest in Andera Partners, a leading European investment firm based in Paris.³
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2024
Partnership with Bow River Advisers is announced. New York Life Investments takes a minority interest and is distribution partner for the Bow River Capital Evergreen Fund (EVERX).
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2022
Apogem Capital is announced as the dedicated private markets alternatives boutique, bringing together GoldPoint Partners, Madison Capital Funding and PA Capital.
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2020
CANDRIAM and Apogem Capital announce a strategic partnership with Kartesia Management SA, a European specialist provider of private capital solutions for small and mid-sized companies.
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2018
CANDRIAM announces strategic partnership with Tristan Capital Partners, a premier European real estate manager.
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2017
Company assets under management surpass $555 billion.⁴
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2016
NYLIM opens Japan office.
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2015
Acquisition of IndexIQ, a leading provider of institutional and liquid alternatives exchange traded funds (ETFs).
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2014
Acquisition of Europe-based boutique, CANDRIAM (previously named Dexia Asset Management), a pioneer in sustainable and responsible investing. Ausbil, an Australian-based investment manager, was also part of this acquisition.
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2013
General Account Investment Management Restructuring.⁵
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2013
NYLIM opens South Korea office.
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2010
Acquisition of U.S.-based alternative investment boutique, PA Capital, formerly known as Private Advisors.
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2010
New York Life initiates a strategic focus on growing its investments business — the company has $287 billion in assets under management.⁶
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2002
New York Life becomes one of the largest mutual life insurance company in America.⁶
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2001
Founding of Madison Capital Funding, a direct lender to private equity-backed middle-market companies.
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2000
New York Life Investment Management LLC (NYLIM) is created to provide institutional and retail clients with a diverse offering of fixed-income, equity and alternative products and solutions under one roof.
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1999
Founding of GoldPoint Partners, a premier private equity manager.
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1994
MainStay retail funds surpass $5 billion, and MainStay institutional funds approach $2 billion.
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1991
Company begins offering MainStay institutional mutual funds, becoming the first insurance company to do so.
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1986
Founding of the MainStay fund family.
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1984
Purchase of blue-chip money manager MacKay Shields, heralding our entrance into the business of independent active management of equity and fixed income.
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1980
Introduction of our first Guaranteed Investment Contract (GIC), marking a shift in focus to active investment management rather than playing a largely administrative role.
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1952
Sells first annuity marking entry into the pension market.
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1845-1849
Nautilus Insurance Co. founded; renamed to New York Life Insurance Co.
1. New York Life has received the highest financial strength ratings currently awarded to any U.S. life insurer by Standard & Poor's (AA+); A.M. Best (A++); Moody's (Aa1); and Fitch (AAA). Source: Individual Third-Party Ratings Reports as of 5/19/2025. Dividends are not guaranteed. The financial strength of New York Life Insurance Company applies only to its insurance products and not to investment products, which are subject to market risk and fluctuation in value.
2. Founded in October 2013, as a result of a corporate restructuring, NYL Investors LLC carries on certain of the investment advisory activities previously conducted by (NYLIM). Prior to the formation of NYL Investors, its investment divisions operated as part of NYLIM, which is an indirect wholly-owned subsidiary of New York Life Insurance Company.
3. Source: Barron’s, 3/8/19. Overall, MainStay Funds ranked number 2 for the one-year period, 21 for the five-year period, and 31 for the 10-year period ended December 31, 2018, out of 57 fund families. Past performance is no guarantee of future results, which will vary.
4. Company assets under management exceeded $555 billion as of 3/31/17 based on internal data.
5. In 2024, MainStay mutual funds and IndexIQ ETFs were rebranded “NYLI” to align with the broader New York Life Investments brand.
6. New York Life is the largest mutual life insurer in the U.S. based on total revenue (Fortune, 6/5/23).