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Russell Investment Group to buy fund of funds specialist Pantheon

Russell Investment Group has agreed to acquire private equity fund of funds specialist Pantheon. Russell will integrate its own fund of funds business with that of Pantheon to deepen its private equity capabilities.

‘We are thrilled to have found such an ideal strategic fit between Russell and Pantheon,’ said Hal Strong, managing director of alternative investments at Russell. ‘This agreement represents our increased commitment to private equity, and we absolutely believe in Pantheon as the premier provider of this specialised service.’

‘Our goal is for Pantheon to continue to offer excellent private equity investment services to its clients, and this acquisition will allow Russell’s private equity business to be organised and managed under Pantheon’s leadership,’ Strong continued.

The transaction is due to be competed once statutory approval is received. The Pantheon brand name will continue to be used and the management of Pantheon will remain unchanged.

This relationship marks the beginning of a new and exciting phase in Pantheon’s development at a time when we see tremendous potential in private equity,’ said Rhoddy Swire, founder and senior partner of Pantheon. We are delighted to find a firm that shares our vision and commitment to the private equity business. We look forward to working closely with Russell for the benefit o our clients and employees.’

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