Russell sells Pantheon Ventures to AMG for $775m

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US/UK - Russell Investments has sold Pantheon Ventures, its US$22bn private equity fund of funds manager, to Affiliated Managers Group for around $775m.

Under the terms of the deal, Russell will also have the potential for additional payments over the next five years, contingent on the growth of Pantheon's business. AMG said following the closin...

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