Russell Investments Draws Private Equity Suitors, Says Report

Bloomberg reported Northwestern Mutual prefers to sell Russell in whole, not to separate the asset management and indexing units.

In late January, Pensions & Investments reported, citing sources, private equity firms KKR & Co., Apollo Global Management LLC, Hellman & Friedman LLC, Carlyle Group and Genstar Capital could also be interested in Russell.

It is expected a buyer for Russell could be found by the start of the third quarter.

ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of IWC and IWM.