B Capital-led group to acquire Russell Investments

What's the deal? An investor group led by B Capital has agreed to acquire Russell InvestmentsDealroom has a profile for this one. Try Dealroom →, the Seattle-based asset manager and investment solutions firm.

What each side does: B Capital is a venture and growth equity firm. Russell Investments provides asset management and investment services to institutional and individual clients.

The signal: The deal points to continued consolidation in asset management, as investors seek scale in a sector under pressure from fee competition and shifting client demand.

Read more: PE Hub