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24

CenterSquare Spins Off from BNY Mellon

By Tony Seruga

The firm, set to be sold to its management team and private equity firm Lovell Minnick Partners, has $9 billion in U.S. assets under its umbrella, as well as global real estate and infrastructure investments.

Saying it wanted to streamline its portfolio, BNY Mellon Investment Management has agreed to sell its real asset investment subsidiary CenterSquare Investment Management to its management team and the private equity firm Lovell Minnick Partners.

BNY Mellon has owned CenterSquare for 11 years and the two firms are expected to continue as partners in a number of areas after the deal closes later this year. Terms of the transaction were not released…

CenterSquare Spins Off from BNY Mellon

Categories : Private Equity

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