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Private Equity Firm Completes Russell Investments Acquisition
Eliane Chavagnon
6 June 2016
TA Associates, the private equity firm, has completed its acquisition of Russell Investments from London Stock Exchange Group, in a transaction valued at $1.15 billion. Reverence Capital Partners, a financial services-focused investment firm, partnered with TA Associates and also made a significant minority investment in the company, which has over $247 billion of assets under management. Russell Investments’ management invested alongside TA Associates and Reverence Capital to acquire a "meaningful equity stake", according to a statement. Milton Berlinski, a managing partner at Reverence Capital, Todd Crockett, a managing director at TA Associates, and Roger Kafker, a managing director at TA Associates, have joined the Russell Investments board of directors. By way of background, London Stock Exchange Group acquired Russell Investments from Northwestern Mutual in June 2014.