Announced
Financials
Tags
United States
investment management
Acquisition
Private Equity
Friendly
Domestic
Pending
Asset Managers and Custodians
Private
Minority
Single Bidder
Synopsis
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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