Russell Investments and Hamilton Lane have formed a strategic partnership to provide Seattle-based Russell's outsourced CIO clients with access to Hamilton's open-architecture private markets investment strategies.
Hamilton Lane, Bala Cynwyd, Pa., will cement the partnership by taking a $90 million stake in Russell, the firms said Tuesday. 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. A spokeswoman for Russell declined to say which firm Hamilton Lane's stake was acquired from.
The tie-up gives Russell — with $327 billion in assets under management and $2.5 trillion in assets under advisement — an unmatched "one-stop" mix of private and public market offerings, Michelle Seitz, chairwoman and CEO of Russell, said in a joint news release.
The partnership will provide Russell's clients with access to private markets around the globe, Hamilton Lane CEO Mario Giannini said in the same release.