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Russell's deal with Hamilton Lane about forming 'strategic partnership'


Russell’s deal with Hamilton Lane about forming ‘strategic partnership’
Erik Hirsch, Hamilton Lane s vice chairman and head of strategic initiatives
The last topic Russell Investments and Hamilton Lane executives discussed when they decided to form a strategic partnership was what ended up being the alternative investment firm s $90 million investment for a minority stake, said Michelle Seitz, Russell chairwoman and CEO, in an interview.
The companies said Tuesday that they formed a strategic partnership to provide Seattle-based Russell s outsourced CIO clients with access to Hamilton Lane s open-architecture private markets investment strategies.
Russell executives were most interested in ensuring that its clients understood that its deal with Hamilton Lane was more than a sub-advisory relationship, Ms. Seitz said. ....

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