A consortium led by B Capital has agreed to acquire Russell Investments from TA Associates and Reverence Capital Partners, while preschool operator MindChamps has entered California through a 50:50 joint venture with Grandview Financial Holdings LLC.
B Capital-led consortium to acquire Russell Investments
A consortium led by investment firm B Capital has agreed to acquire Russell Investments from private equity firms TA Associates and Reverence Capital Partners, with the California Public Employees’ Retirement System (CalPERS) joining the investor group.
No financial terms of the transaction were disclosed. The deal is expected to close in the first quarter of 2027, subject to regulatory approvals and customary closing conditions.
The acquisition marks an exit for TA Associates and Reverence, which have owned Russell Investments since 2016.
Seattle-headquartered Russell Investments manages more than $416 billion in assets and has recorded more than 15% organic growth over the past two years. The firm provides investment solutions to institutional and retail clients across public and private markets.
Following the transaction, Russell Investments will continue operating independently under its existing leadership, led by chairman and chief executive Zach Buchwald and president and chief investment officer Kate El-Hillow.
B Capital said it will support Russell Investments’ next phase of growth through investments in technology, analytics, and customised investment solutions.
“As global investors in transformative technologies, we firmly believe the future of asset management lies at the intersection of investment expertise, personalised client service, and innovation,” said Eduardo Saverin and Raj Ganguly, co-founders and co-chief executives of B Capital.
MindChamps enters California via JV with Grandview Financial
Singapore-listed preschool operator MindChamps has entered California through a 50:50 joint venture with Grandview Financial Holdings LLC.
The joint venture plans to establish up to 125 MindChamps preschool centres across Northern and Southern California.
Grandview Financial is led by Silicon Valley entrepreneur Minh Duong, who will jointly oversee the rollout with MindChamps. The company said California, home to nearly 40 million people and more than 2.7 million children aged five and under, presents a sizeable market as the state continues to invest in early childhood education.
The expansion brings MindChamps’ proprietary early childhood education programme to the US through what the company described as an exclusive partnership. Its curriculum, developed over nearly three decades, incorporates research across education, psychology, neuroscience, and theatre and has been patented in the US, the UK, Australia and Singapore.
Founder, CEO, and executive chairman David Chiem said advances in artificial intelligence and technology are reshaping the skills children will need in the future.
“In this rapidly changing world, knowledge alone will no longer be enough. The future will belong to those with the mindset to keep adapting and creating life-long learning,” Chiem said.
“As a Silicon Valley parent, having personally experienced MindChamps lessons in action, I can truly say there is nothing like MindChamps’ patented education model,” he said.
Listed on the Singapore Exchange, MindChamps operates preschool centres across Singapore, Australia, Indonesia, Malaysia, the Philippines, Myanmar and the Maldives. The California venture adds the United States to the company’s international footprint.
