TA Associates & Reverence Capital Partners Acquire Russell Investments

TA Associates, a global growth private equity firm, completed the acquisition of Frank Russell Company’s asset management business from London Stock Exchange Group plc (LSE.L) in a transaction valued at US$1,150m.

Financial services-focused investment firm Reverence Capital Partners partnered with TA Associates and made a minority investment in Russell Investments. Russell Investments’ management invested alongside TA Associates and Reverence Capital to acquire a meaningful equity stake.

Led by Len Brennan, CEO, Russell Investments is a global investment manager delivering innovative solutions to institutional and retail investors globally. The firm, which has more than US$2471 billion of assets under management, also provides implementation capabilities that include transition management, currency management, overlay services, commission management and agency trading.
Headquartered in Seattle, Washington, Russell Investments operates globally with offices in New York, London, Paris, Amsterdam, Milan, Dubai, Sydney, Melbourne, Auckland, Singapore, Seoul, Tokyo, Beijing, Toronto, Chicago, Milwaukee and Edinburgh.

In conjunction with the funding, Roger Kafker, a Managing Director at TA Associates, Todd Crockett, a Managing Director at TA Associates, and Milton Berlinski, Managing Partner of Reverence Capital, joined the Russell Investments Board of Directors.

FinSMEs

02/06/2016

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