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Announced

Hamilton Lane to invest $90m in Russell Investments.

Financials

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Transaction Value£65m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

investment management

Acquisition

Private Equity

Friendly

Domestic

Pending

Asset Managers and Custodians

Private

Minority

Single Bidder

Synopsis

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Hamilton Lane, an alternative investment management firm, agreed to invest $90m in Russell Investments, an outsourced CIO provider and global investment solutions firm. "Given increasing market complexities and rising needs around financial security, fiduciaries are looking for partners that can seamlessly provide tailored, differentiated investment solutions. This partnership demonstrates our 85-year fiduciary commitment to provide comprehensive, leading-edge investment solutions and risk management to our clients. The resulting one-stop access to extensive private and public markets capabilities is, I believe, unmatched in our industry today," Michelle Seitz, Russell Investments Chairman and CEO.

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