New York Life Investment Management
About New York Life Investment Management
New York Life Investment Management (NYLIM) is the asset management division of New York Life Insurance Company, one of the largest mutual life insurers in the U.S. Established in April 2000, NYLIM is headquartered in New York, NY, with a significant office in Jersey City, NJ. The firm employs between 501 and 1,000 professionals and is recognized as a top-tier active asset manager, managing approximately $807.7 billion in assets.
NYLIM offers a wide range of investment advisory services through three main business units: Multi-Asset Solutions, Managed Accounts Group, and Registered Funds Divi
The venture investing described in public sources is done by New York Life Ventures (NYL Ventures), the corporate venture arm of New York Life Insurance Company. The sources reviewed do not tie a venture fund to NYLIM's asset management units, so confirm the vehicle before pitching. NYL Ventures was founded in 2012 and is headquartered in New York City. Joel Albarella, Senior Vice President and Head of NYL Ventures, launched the unit. A third-party fund profile lists Tim Del Bello as Head of Investments, John Masson as Director, and Senior Associates Madison Cuthbertson and Alan Day. The unit started with about $200 million in committed capital and reports roughly $1.2 billion in assets under management, more than 65 venture investments, and about 34 active portfolio companies.
NYL Ventures invests across fintech, insurtech, enterprise software and digital health, and several of its named deals involve AI. Norm Ai, a regulatory AI platform, raised a $27 million Series A in 2024. ValidMind, which provides model risk management software for AI and statistical models in regulated industries, raised an $8.1 million seed round. The unit also took part in Scribe's $25 million Series B, a documentation and knowledge-sharing product that has been adding AI features.
A third-party profile says NYL Ventures invests from seed to growth stages, with checks from $1 million to more than $10 million. The sources reviewed do not include a firm-published check size policy.
- Norm Ai: regulatory AI platform; $27 million Series A (2024)
- ValidMind: model risk management software for AI and statistical models; $8.1 million seed round
- Scribe: documentation and knowledge-sharing software adding AI features; participant in a $25 million Series B
Investing activity
New York Life Investment Management is listed on Lounge as a venture capital investor based in San Francisco, USA. The deals desk records Series A and later AI rounds and seeds over $10M, so smaller checks may not show here yet.
Deals
Frequently asked questions about New York Life Investment Management
Does New York Life Investment Management invest in AI startups?
Public sources show AI investments made by New York Life Ventures, the corporate venture arm of the parent New York Life Insurance Company. The sources reviewed did not show a venture fund branded under NYLIM, so confirm the investing entity before pitching.
What is the New York Life Investment Management portfolio of venture investments?
Named companies in public sources include Norm Ai, ValidMind and Scribe. A third-party profile reports about 34 active portfolio companies across roughly 65 venture investments by New York Life Ventures.
What stages and check sizes does New York Life Ventures invest in?
A third-party profile says the unit invests from seed to growth stages, with checks from $1 million to more than $10 million. The firm's own published criteria were not found.
Who leads New York Life Ventures?
Joel Albarella, Senior Vice President and Head of NYL Ventures, launched the unit. A third-party profile lists Tim Del Bello as Head of Investments.
Where is New York Life Ventures based and when was it founded?
New York Life Ventures is headquartered in New York City and was founded in 2012, according to a third-party fund profile.
Where is New York Life Investment Management based?
New York Life Investment Management is based in San Francisco, USA.
How can founders reach New York Life Investment Management?
Founders on Lounge can see New York Life Investment Management's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add New York Life Investment Management to their Investor Pipeline to track the conversation.