- When the deal closes, Russell Investments will continue to operate independently under its existing leadership team, led by chairman and CEO Zach Buchwald, and president and chief investment officer Kate El-Hillow
- TA and RCP originally partnered with Russell Investments in 2016
An investor group led by B Capital has agreed to acquire Russell Investments, a Seattle-based investment solutions provider, from TA Associates and Reverence Capital.
California Public Employees’ Retirement System is also participating in the investor consortium.
When the deal closes, Russell Investments will continue to operate independently under its existing leadership team, led by chairman and CEO Zach Buchwald, and president and chief investment officer Kate El-Hillow.
“As global investors in transformative technologies, we firmly believe the future of asset management lies at the intersection of investment expertise, personalized client service, and innovation,” said Eduardo Saverin and Raj Ganguly, co-founders and co-CEOs of B Capital. “From OCIO and pension consulting to innovative indexes and smart beta, Russell Investments has always been a trailblazing firm built on client trust. We look forward to partnering with Zach and the entire team to bring even more advanced technology and relationship-focused investing to people around the world.”
TA and RCP originally partnered with Russell Investments in 2016.
The transaction is expected to close in the first quarter of 2027.
Jefferies LLC served as sole financial advisor to B Capital, and Ropes & Gray LLP served as legal counsel. Moelis & Company LLC served as lead financial advisor and BofA Securities served as financial advisor to Russell Investments, with Goodwin Procter LLP serving as legal counsel.
