PineBridge set to acquire private equity real estate fund house

UK-based Benson Elliot adds $3.5bn in AUM

Mike Sheen
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CEO of PineBridge Greg Ehret
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CEO of PineBridge Greg Ehret

PineBridge Investments is set to acquire private equity real estate specialist Benson Elliot Capital Management for an undisclosed fee, adding $3.5bn to the asset manager’s existing $104.4bn in assets under management.

Founded in 2005, UK-based Benson Elliot manages a portfolio comprised of office, retail, hotel and residential assets across Europe, and employs an "asset driven, value add, risk sensitive and exit focused investment strategy", according to PineBridge. PineBridge's Soon: The biggest myths about investing in Asian small caps The firm has previously launched four European funds, the most recent of which, Benson Elliot Real Estate Partners V, closed in 2019 at €836m. PineBridge said the acquisition, which is subject to regulatory approval, will expand its client offerings in alternati...

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