PineBridge Investments to acquire Benson Elliot Capital Management.

PineBridge Investments, a private, global asset manager focused on active, high-conviction investing, agreed to acquire Benson Elliot Capital Management, a UK-based private equity real estate fund manager. Financial terms were not disclosed. "In our tenth year as an independent firm, this is a significant milestone in our growth and we are thrilled to welcome the Benson Elliot team to PineBridge. Real estate is a strategically important asset class for institutional investors, such as pension funds and insurance companies, who are looking to meet their long-term investment objectives, especially during a period of low real interest rates. Benson Elliot’s industry-leading expertise in European real estate will complement and diversify our firm’s investment offering allowing us to best serve our global client base," Greg Ehret, PineBridge CEO.