MetLife is reportedly nearing a deal to acquire PineBridge Investments’ assets outside of China for approximately $1.4 billion. The transaction, which is expected to be announced on Monday, will value the assets at between $1.3 billion and $1.4 billion. PineBridge's assets, which are managed by Hong Kong billionaire Richard Li’s Pacific Century Group, include $100 billion in assets under management (AUM) outside of China. Various sources indicate that MetLife's investment management division is leading this acquisition effort.