Russell Group Acquiring Pantheon Private Equity

December 18, 2003 ( - Russell Investment Group's global investment solutions is acquiring Pantheon's private equity services.

The Pantheon acquisition will be integrated into Russell’s existing private equity fund-of-funds business to form a complete range of multi-manager investment solutions. Pantheon currently manages $7 billion of private equity fund-of-funds assets, according to a news release.

Pantheon’s focus, however, will remain exclusive to private equity services and clients.   The firm will continue to serve clients from the firm’s offices in London, Brussels, San Francisco and Hong Kong.   The Pantheon brand name will remain in use, and management of Pantheon will remain unchanged.

Financial details of the transaction will not be disclosed. The transaction is subject to regulatory approvals and will take effect once these are received.