Russell Investments and private markets investment management firm Hamilton Lane have entered into a strategic partnership, it was announced today.
Hamilton Lane has taken a $90m (€77m) stake in Russell Investments in connection with the partnership, which is intended to boost the latter’s private markets capabilities.
“Given increasing market complexities and rising needs around financial security, fiduciaries are looking for partners that can seamlessly provide tailored, differentiated investment solutions,” said Michelle Seitz, chair and CEO of Russell Investments.
“This partnership demonstrates our 85-year fiduciary commitment to provide comprehensive, leading-edge investment solutions and risk management to our clients. The resulting one-stop access to extensive private and public markets capabilities is, I believe, unmatched in our industry today.”
Mario Giannini, CEO of Hamilton Lane, said the firm was committed to providing private markets access to a broader group of investors around the world and “this partnership is another exciting development in support of that objective”.
The firms noted that their partnering came at a time when both private markets opportunities and allocations to the asset class continued to grow. Citing data from Preqin, they said that since 2008, capital allocated to private markets had tripled from $2.5trn to $7.7trn.
Seitz is stated as also noting that institutional investors were increasingly focused on their own core business competencies and wanted more comprehensive relationships with strategic investment partners.