𝗥𝘂𝘀𝘀𝗲𝗹𝗹 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀 𝗡𝗮𝗺𝗲𝘀 𝗡𝗲𝘄 𝗟𝗼𝗻𝗴-𝗧𝗲𝗿𝗺 𝗢𝘄𝗻𝗲𝗿𝘀 𝗶𝗻 𝗕 𝗖𝗮𝗽𝗶𝘁𝗮𝗹-𝗟𝗲𝗱 𝗗𝗲𝗮𝗹
- 2 hours ago
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Russell Investments said on July 9, 2026 that an investor consortium led by B Capital and including the California Public Employees' Retirement System has agreed to acquire the firm from TA Associates and Reverence Capital Partners. The global investment solutions provider manages more than $416 billion in assets and has posted organic growth above 15% over the past two years. The transaction is expected to close in the first quarter of 2027, subject to regulatory approvals and customary conditions.
An independent partner to its clients for more than 90 years, Russell Investments runs an open-architecture model that sources portfolio solutions across public and private markets. The new owners bring long-term capital, technology expertise, and experience scaling next-generation businesses. The firm plans to widen access to that model through technology, greater customization, and analytics, spanning institutional outsourcing, portfolio implementation, personalized solutions, model portfolios, tax-managed investing, and self-directed investing. Russell will continue to operate independently under Chairman and CEO Zach Buchwald and President and Chief Investment Officer Kate El-Hillow.
The deal speaks to the future of turnkey asset management platforms, where providers increasingly compete on technology, alternatives, and mass personalization rather than portfolio management alone. Russell's model portfolios and personalized solutions place it at the center of that shift. For advisors, platforms, and asset managers, the arrival of technology-focused capital signals how outsourced investment and model-portfolio businesses may evolve as scale and customization become the differentiators.