Russell Investments sold

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A US consortium is planning to buy Russell Investments.

Monday, July 13th 2026, 10:13AM

The  deal will mean the exit of current stakeholders TA Associates and Reverence Capital Partners who have partnered with Russell since 2016.

The investor consortium is led by US venture capital firm B Capital which is based in California. Other members of the consortium includes the California Public Employees’ Retirement System, known as CalPERS.

Russell Investments will continue to operate independently under its existing leadership team, led by chairman and CEO Zach Buchwald, and president and chief investment officer Kate El-Hillow.

Financial terms of the deal were not disclosed in the firm’s statement but  sources indicate the price could be US$2.8 billion.

Under the new ownership, Russell plans to extend its open architecture approach through technology, greater customisation and analytics. It also sees “significant runway” across its key businesses: institutional outsourcing, portfolio implementation, personalised solutions and model portfolios, tax-managed investing, and self-directed investing through a multi-manager framework.

“With a shared vision for the company’s next phase of growth, the new owners are bringing to Russell Investments long-term capital, advanced technology expertise, and experience scaling next-generation businesses in transforming industries,” it said in a statement.

“As global investors in transformative technologies, we firmly believe the future of asset management lies at the intersection of investment expertise, personalised client service, and innovation,” said Eduardo Saverin and Raj Ganguly, co-founders and co-CEOs of B Capital.

The B Capital transaction is expected to close in the first quarter of 2027, subject to the receipt of regulatory approvals and other customary closing conditions.

Tags: Russell Investments TA Associates

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