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