Updated
Updated · Pensions & Investments · Jul 9
Russell Investments Agrees Sale to CalPERS-Backed Consortium for Undisclosed Sum
Updated
Updated · Pensions & Investments · Jul 9

Russell Investments Agrees Sale to CalPERS-Backed Consortium for Undisclosed Sum

3 articles · Updated · Pensions & Investments · Jul 9

Summary

  • Russell Investments will be acquired by a consortium that includes CalPERS, marking a change in ownership for the investment firm.
  • CalPERS’ participation puts one of the largest U.S. public pension funds inside the buyer group, though financial terms were not disclosed.
  • The deal centers on Russell Investments itself, with no further transaction details, timing or regulatory conditions provided in the report.

Insights

Amidst performance controversies, is CalPERS' $2.8B Russell acquisition a bold strategic move or a high-stakes gamble with public pension funds?
Can a venture capital firm and a public pension fund truly 'build on, not reshape' a 90-year-old asset manager's culture and strategy?