Conning to acquire Pearlmark.

Conning, an investment management firm, agreed to acquire Pearlmark, a specialist investment manager of commercial real estate debt and equity strategies. Financial terms were not disclosed. “Partnering with Pearlmark is the latest example of our strategy to add best-in-class capabilities to meet the evolving needs of our clients. Pearlmark has extensive real estate knowledge and significant experience successfully working with insurance companies and other institutional clients to help them achieve their real estate investment objectives,” Woody Bradford, Conning Chief Executive Officer and Chair of the Board.