{"id":1004484835,"date":"2020-10-15T03:32:24","date_gmt":"2020-10-15T11:32:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004484835"},"modified":"2020-10-15T05:47:04","modified_gmt":"2020-10-15T13:47:04","slug":"pinebridge-investments-to-acquire-benson-elliot-capital-management","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pinebridge-investments-to-acquire-benson-elliot-capital-management\/","title":{"rendered":"PineBridge Investments to Acquire Benson Elliot Capital Management"},"content":{"rendered":"
\"\"<\/a>

Greg Ehret, CEO, PineBridge Investments. Image courtesy of PineBridge Investments<\/em><\/p><\/div>\n

Private global asset manager PineBridge Investments has agreed to acquire Benson Elliot Capital Management, a London-based private equity real estate fund manager. Financials on the transaction were not disclosed.<\/p>\n

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READ ALSO<\/strong>: LaSalle\u2019s Latest European Fund Closes at $500M-Plus<\/a><\/p>\n

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The acquisition reportedly will let PineBridge expand its client offerings in alternatives, adding new capabilities and investment vehicles to its successful private funds, structured capital and private credit businesses.<\/p>\n

This milestone in PineBridge\u2019s growth comes in the company\u2019s 10th year as an independent firm, CEO Greg Ehret noted in a prepared statement. He added that Benson Elliot\u2019s expertise in European real estate<\/a> will complement and diversify the firm\u2019s investment offering. As of the end of June, PineBridge managed $104.4 billion across global asset classes, from 21 offices worldwide and with about 700 employees.<\/p>\n

\"\"<\/a>

Marc Mogull, Executive Chairman & CIO, Benson Elliot Capital Management. Image courtesy of Benson Elliot Capital Management<\/em><\/p><\/div>\n

Founded in 2005, Benson Elliot manages more than $3.5 billion of equity and holds a diversified portfolio of office, retail, hotel and residential assets across Europe, including in the U.K., Germany, France, Spain, Italy, Belgium and Poland. The company describes its strategy as consistently asset driven, value add, risk sensitive and exit focused. Benson Elliot has launched four European funds, the most recent of which, Benson Elliot Real Estate Partners V, closed in 2019 at \u20ac836 million ($981 million).<\/p>\n

Marc Mogull, Benson Elliot\u2019s executive chairman & chief investment officer, said the decision to join forces with PineBridge arose from a strategic review that began some months ago. The transaction remains subject to certain customary regulatory and other approvals. On completion of the deal, Benson Elliot\u2019s entire team of 40 professionals will join PineBridge.<\/p>\n

PineBridge was advised by Simmons & Simmons LLP and Perella Weinberg UK Ltd. Benson Elliot was advised by Travers Smith and Berkshire Global Advisors.<\/p>\n

Diversification and loss<\/h2>\n

Benson Elliot\u2019s investments run a gamut that includes an office development project near Milan, senior housing in the U.K. and in Madrid, and a mixed-use complex in Liege, Belgium.<\/p>\n

That diversity is ongoing. Recent Benson Elliot acquisitions include a grocery-anchored convenience center in Berlin, for $76.9 million; an office park in Warsaw, for about $76.3 million; and a three-property Disneyland Paris hotel portfolio for nearly $282 million. The latter purchase was through a joint venture with Schroder Real Estate Hotels.<\/p>\n

Of note, Benson Elliot co-founder Trish Barrigan died of cancer this past August at age 47. She is survived by her husband, Ian, and two children.<\/p>\n","protected":false},"excerpt":{"rendered":"

The acquisition will add substantial European expertise and a diversified slate of investments to the asset manager\u2019s capabilities.<\/p>\n","protected":false},"author":882,"featured_media":1004484874,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,21743,16,21783,21742],"tags":[50455,50461,50458],"class_list":["post-1004484835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-deals","category-international","category-investment","category-latest","tag-benson-elliot","tag-berkshire-property-advisors","tag-perella-weinberg-partners"],"acf":[],"yoast_head":"\nPineBridge Investments to Acquire Benson Elliot Capital Management - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/pinebridge-investments-to-acquire-benson-elliot-capital-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PineBridge Investments to Acquire Benson Elliot Capital Management\" \/>\n<meta property=\"og:description\" content=\"The acquisition will add substantial European expertise and a diversified slate of investments to the asset manager\u2019s capabilities.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/pinebridge-investments-to-acquire-benson-elliot-capital-management\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-15T11:32:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-15T13:47:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Greg-Ehret.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pinebridge-investments-to-acquire-benson-elliot-capital-management\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/pinebridge-investments-to-acquire-benson-elliot-capital-management\/\",\"name\":\"PineBridge Investments to Acquire Benson Elliot Capital Management - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pinebridge-investments-to-acquire-benson-elliot-capital-management\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pinebridge-investments-to-acquire-benson-elliot-capital-management\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Greg-Ehret.jpg\",\"datePublished\":\"2020-10-15T11:32:24+00:00\",\"dateModified\":\"2020-10-15T13:47:04+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pinebridge-investments-to-acquire-benson-elliot-capital-management\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/pinebridge-investments-to-acquire-benson-elliot-capital-management\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pinebridge-investments-to-acquire-benson-elliot-capital-management\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Greg-Ehret.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Greg-Ehret.jpg\",\"width\":800,\"height\":620,\"caption\":\"Greg Ehret, CEO, PineBridge Investments. 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