Hamilton Lane Buys Stake in Russell Investments
Posted on 03/30/2021
Hamilton Lane acquired a US$ 90 million stake in Seattle-based Russell Investments. In return, Hamilton Lane plans to provide Russell Investments’ outsourced CIO clients with access to Hamilton’s open-architecture private markets investment strategies.
Funds managed by private equity firm TA Associates own a majority stake in Russell, with minority stakes held by funds managed by Reverence Capital Partners and Russell Investments’ management.
Hamilton Lane reported about US$ 76 billion in discretionary assets under management and US$ 581 billion in assets under advisement as of December 31, 2020.
