Editorial & Advertiser disclosure
Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Published by Global Banking & Finance Review®
Posted on April 20, 2026
2 min read
Private Equity Firms Bid for Schroders’ Benchmark Capital During Nuveen Takeover
Overview of Private Equity Interest in Benchmark Capital
Initial Bids and Interested Parties
April 20 (Reuters) – A group of private equity firms submitted initial bids for Benchmark Capital, the financial planning business of Schroders, Sky News reported Monday, as the British asset manager moves ahead with a 9.9 billion pound ($13.38 billion) takeover by U.S. rival Nuveen.
Key Bidders
Buyout firms Hg, Towerbrook and Vitruvian Partners have submitted offers for Benchmark, while U.S. buyout firm Aquiline Capital Partners is also among the interested parties, the report said, citing City sources.
Responses from Involved Parties
Schroders, Aquiline and Hg declined to Reuters’ requests for comment. Towerbrook and Vitruvian Partners did not immediately respond to the requests for comment.Â
Background on Schroders and Nuveen Deal
Shareholder Approval and Market Impact
Last week, Schroders’ shareholders agreed to the sale of the 222-year-old London firm to Nuveen, creating a combined entity with $2.5 trillion in assets under management at a time when mid-sized asset managers face pressure to merge to compete with bigger U.S. rivals.
Schroders’ Stake in Benchmark Capital
Timeline of Ownership
The money manager first took a stake in Benchmark Capital in 2016 and in 2021, it acquired the remaining minority interest in the business.
Additional Information
Exchange Rate
($1 = 0.7400 pounds)
Reporting Credits
(Reporting by Raechel Thankam Job and Rishab Shaju in Bengaluru; Editing by Tasim Zahid)