Russell Investments announced the completion of a $1.225B strategic financing with Apollo ( managed funds and affiliates associated with its hybrid and credit strategies (the “Apollo Funds”). The solution provides the firm with long-term capital and enhanced balance sheet flexibility to support continued execution of its growth strategy.

The transaction refinances Russell Investments’ existing term loan, fully repays the firm’s prior group of lenders, and extends the maturity of the firm’s debt for seven years. The financing simplifies the firm’s capital structure, strengthens balance-sheet resilience, and provides a clear long-term runway to support execution of Russell Investments’ growth strategy.

“This strategic financing reflects confidence in Russell Investments’ industry-leading business performance and our continued growth trajectory,” said Zach Buchwald, Chairman and CEO of Russell Investments. “Partnering with Apollo enhances our flexibility to continue to invest in our business, our people, and our clients.”

The refinancing does not change Russell Investments’ ownership structure or day-to-day operations. Client portfolios, investment processes, and service delivery remain unchanged.

The transaction comes against a backdrop of strong business momentum for Russell Investments, including record assets under management, sustained positive flows across key businesses, and continued financial discipline.

“The announcement underscores Apollo’s ability to deliver flexible capital at scale through close collaboration across our Hybrid and Credit platforms,” said Chris Lahoud, Partner and Deputy Co-Head of Hybrid at Apollo. “Russell Investments is a scaled global investment solutions provider with a strong franchise and clear strategic direction, and we are pleased to support the firm as it continues to execute its long-term objectives.”

Source: Russell Investments