New York Life Capital Partners, also known as NYLCAP, manages more than $6 billion worth of private equity assets, including direct equity, direct mezzanine and limited partnership investments. It utilizes a core partner strategy that is based on identifying top-performing financial sponsors who have a demonstrated expertise in the area of investment. New York Life Capital Partners fund management program features investment in private equity firms through equity co-investment and mezzanine activities, as well as advisory board roles. Its mezzanine program invests primarily in privately placed, unrated, noninvestment-grade subordinated debt with warrants and other mezzanine securities. New York Life Capital Partners is an affiliate of New York Life Investment Management, which manages alternative assets for New York Life Insurance Company, its affiliates and other institutional investors.