Bringing you live news and features since 2006 

Todd Crockett

TA Associates and Reverence Capital Partners complete acquisition of Russell Investments LSEG Group

RELATED TOPICS​

Private equity firm TA Associates has completed the acquisition of Frank Russell Company’s asset management business (Russell Investments) from London Stock Exchange Group (LSEG) in a transaction valued at USD1,150 million. 

Reverence Capital Partners, a financial services-focused investment firm, partnered with TA Associates and has made a significant minority investment in Russell Investments. Russell Investments’ management invested alongside TA Associates and Reverence Capital to acquire a meaningful equity stake. The transaction closed on 1 June.

Russell Investments is a global investment manager, with an 80-year heritage of delivering innovative solutions, strong investment results and high quality client service to institutional and retail investors globally. The firm has more than USD2471 billion of assets under management and is focused on delivering an outcome-oriented, multi-asset solutions approach to clients worldwide. Integral to its delivery of multi-asset solutions, Russell Investments provides implementation capabilities that include transition management, currency management, overlay services, commission management and agency trading. Russell Investments also offers consulting services with USS2.21 trillion of assets under advisement.

“We are very pleased to complete the acquisition of Russell Investments and, together with Reverence Capital, begin our new relationship with this established and highly respected market leader,” says Todd Crockett (pictured), a Managing Director at TA Associates. “We will utilise our industry knowledge, experience and global resources to help accelerate Russell Investments’ growth.” Added Milton Berlinski, Managing Partner of Reverence Capital, “We look forward to a close collaboration with TA Associates and the leadership team at Russell Investments, helping to drive the firm’s continued long-term success.”

“Russell Investments is excited to move forward with TA Associates and Reverence Capital, both of which have extensive experience investing in the asset management industry,” says Len Brennan, CEO of Russell Investments. “We see tremendous opportunities ahead as investors continue to shift toward a focus on achieving outcomes, and in turn look to Russell Investments to offer our multi-asset capabilities and solutions. With the support of our new investors, we will leverage the strength of our investment proposition and caliber of our service offering to position our business for continued growth. Management has demonstrated its commitment to the business by investing alongside TA Associates and Reverence Capital, further aligning Russell Investments with its long-standing clients.”

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by