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Private Equity Firm Completes Russell Investments Acquisition
London Stock Exchange Group has sold Russell Investments, which it only bought in 2014.
TA Associates, the private equity firm, has completed its acquisition of Russell Investments from London Stock Exchange Group, in a transaction valued at $1.15 billion.
Reverence Capital Partners, a financial services-focused investment firm, partnered with TA Associates and also made a significant minority investment in the company, which has over $247 billion of assets under management.
Russell Investments’ management invested alongside TA Associates and Reverence Capital to acquire a "meaningful equity stake", according to a statement.
Milton Berlinski, a managing partner at Reverence Capital, Todd Crockett, a managing director at TA Associates, and Roger Kafker, a managing director at TA Associates, have joined the Russell Investments board of directors.
By way of background, London Stock Exchange Group acquired Russell Investments from Northwestern Mutual in June 2014.
