Goodwin Guides Russell Investments, TA, and RCP on Acquisition of Russell Investments by Investor Consortium
The M&A team advised Russell Investments, TA Associates (TA), and Reverence Capital Partners (RCP) on an agreement for an investor consortium, led by B Capital, a global multi-stage investment firm, and including California Public Employees’ Retirement System, to acquire Russell Investments from TA and RCP. The transaction comes as Russell Investments marks over $416 billion in global assets under management (AUM) and has experienced more than 15% organic growth over the past two years.
With the backing of the investor consortium, Russell Investments plans to extend its open architecture approach to more investors through technology, greater customization, analytics, and increased access. The firm will continue investing in the expertise and capabilities that seek to deliver best-in-breed portfolios at scale.
Russell Investments is a leading global investment solutions partner providing a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Since 1936, Russell Investments has been building a legacy of continuous innovation to deliver exceptional value to clients, working every day to improve people’s financial security. The firm has $416 billion in assets under management (as of 06/30/2026) for clients in 31 countries. Headquartered in Seattle, Washington, Russell Investments has offices in 17 cities around the world.
TA Associates is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its core sectors, including technology, business services, financial services, and healthcare. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised $65 billion in capital to date and has more than 160 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai, and Hong Kong.
Reverence Capital Partners is a private investment firm focused on three complementary strategies: (i) Financial Services-Focused Private Equity, (ii) Structured Credit, and (iii) Real Estate Solutions. Today, Reverence manages in excess of $17 billion in AUM. Reverence focuses on thematic investing in leading global Financial Services businesses. The firm was founded in 2013 by Milton Berlinski, Peter Aberg and Alex Chulack, after distinguished careers advising and investing in a broad array of Financial Services businesses. The Founding Partners bring, on average, over 38 years of advisory and investing experience across a wide range of Financial Services sectors.
The Goodwin team was led by Mike Kendall, Josh Soszynski, and Seth Greenstein, and included Steven Clemens, Howard Cubell, Eram Khan, Patrick Menasco, James Mattus, Brynn Peltz, and Jeremy Senderowicz with assistance from Dylan Roth, Mina Shi, Danny Doherty, Tripat Sandhu, and Grace Willingham.
For more information on the deal, please read the press release.