Russell Investments Capital, Llc
SEC-registered
Private Fund Manager · Large ($10B–$100B)
CRD 37550
· SEC file 801-56576
· Seattle, WA
· www.youtube.com
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ADV data as of Mar 31, 2026
- Regulatory AUM
- $35.0B
- Discretionary
- $35.0B
- Clients
- 105
- Avg AUM / client
- $334M
- Accounts
- 116
- Employees
- 580
AUM over time
$320M
$35.0B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Asset allocation (SMA assets by investment type)
as of Mar 31, 2026
Exchange-traded equities
$22.4B
64%
Investment-grade corporate bonds
$3.5B
10%
Derivatives
$3.2B
9%
US government & agency bonds
$2.1B
6%
Pooled investment vehicles
$2.1B
6%
Cash & equivalents
$1.4B
4%
Registered investment companies (funds/ETFs)
$350M
1%
Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 53 | $22.0B | 62.7% |
| Pension and profit sharing plans | 37 | $12.7B | 36.2% |
| Charitable organizations | 3 | $0 | — |
| State or municipal government entities | 5 | $0 | — |
| Other investment advisers | 1 | $0 | — |
| Insurance companies | 1 | $220M | 0.63% |
| Corporations and other businesses | 1 | $0 | — |
| Other | 4 | $156M | 0.45% |
Private funds (43)
View all →Reported in Form ADV Section 7.B.(1), filing of Oct 2024 · $17.1B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Core Bond Fund | Hedge Fund | Delaware | $2.9B | 24 |
| Multi Asset Core Plus Fund | Hedge Fund | Delaware | $2.8B | 18 |
| Tju Nq Core Plus Fixed Income Fund | Hedge Fund | Delaware | $906M | 1 |
| Large Cap U.S. Equity Index Fund | Other Private Fund | Delaware | $854M | 13 |
| Jeffpm, Llc | Private Equity Fund | Delaware | $702M | 1 |
| Tju Db Global Equity Fund | Other Private Fund | Delaware | $642M | 1 |
| Global Equity Plus Fund | Hedge Fund | Delaware | $627M | 8 |
| Tju Nq Global Equity Fund | Other Private Fund | Delaware | $591M | 1 |
| Low Duration Bond Fund | Hedge Fund | Delaware | $578M | 12 |
| Tju Nq Us Equity Fund | Other Private Fund | Delaware | $541M | 1 |
| International Equity Fund | Hedge Fund | Delaware | $499M | 11 |
| Sustainable Multi Asset Growth Fund | Hedge Fund | Delaware | $468M | 4 |
| High Yield Bond Fund | Hedge Fund | Delaware | $438M | 32 |
| Defensive U.S. Equity Fund | Hedge Fund | Delaware | $338M | 3 |
| Real Estate Equity Fund | Hedge Fund | Delaware | $301M | 9 |
Nonprofit clients
Charities that reported this firm as a top-paid contractor (investment services) on Form 990.
| Charity | Location | Period |
|---|---|---|
| The Bridgewater State University Foundation EIN 222678005 | Bridgewater, MA | 06/30/2024 |
| Saddleback Memorial Foundation EIN 330011887 | Laguna Hills, CA | 06/30/2024 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Leverett, Herschel, Victor | Director; President | Nov 2007 (19y) | Less than 5% | |
| Schneider, Lisa, Ann | Director | Mar 2017 (9y) | Less than 5% | |
| El Hillow, Katherine Anne | Director | May 2021 (5y) | Less than 5% | |
| Surloff, Howard Brian | Chief Legal Officer | Mar 2022 (4y) | Less than 5% | |
| Mortensen, Peter | Chief Risk Officer | Jun 2023 (3y) | Less than 5% | |
| Curran, Amy Elizabeth | Chief Compliance Officer | Mar 2024 (2y) | Less than 5% | |
| Bowen, Scott, Spencer | Chief Financial Officer | Sep 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Russell Investments Us Institutional Holdco, Inc. | Owner | Jun 2016 | A | 75% or more |
| Emerald Acquisition Limited | Owner | Jun 2016 | B | ≈ 56.25% – 100% via Russell Investments Us Institutional Holdco, Inc. |
| Russell Investments Group, Ltd. | Owner | Sep 2016 | B | ≈ 31.64% – 100% via Russell Investments Cayman Midco, Ltd |
| Russell Investments Cayman Midco, Ltd | Owner | Jun 2016 | B | ≈ 42.19% – 100% via Emerald Acquisition Limited |
| Ta Xii A Eu Aiv, L.P. | Shareholder | Sep 2016 | B | ≈ 7.91% – 50% via Russell Investments Group, Ltd. |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Emerald Acquisition Limited: 75% – 100% of Russell Investments Us Institutional Holdco, Inc. × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Russell Investments Group, Ltd.: 75% – 100% of Russell Investments Cayman Midco, Ltd × 75% – 100% of Emerald Acquisition Limited × 75% – 100% of Russell Investments Us Institutional Holdco, Inc. × 75% – 100% direct ≈ 31.64% – 100% of the firm
- Russell Investments Cayman Midco, Ltd: 75% – 100% of Emerald Acquisition Limited × 75% – 100% of Russell Investments Us Institutional Holdco, Inc. × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Ta Xii A Eu Aiv, L.P.: 25% – 50% of Russell Investments Group, Ltd. × 75% – 100% of Russell Investments Cayman Midco, Ltd × 75% – 100% of Emerald Acquisition Limited × 75% – 100% of Russell Investments Us Institutional Holdco, Inc. × 75% – 100% direct ≈ 7.91% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (43, $17.1B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Core Bond Fund | Hedge Fund | $2.9B | $0 | 24 |
| Multi Asset Core Plus Fund | Hedge Fund | $2.8B | $0 | 18 |
| Tju Nq Core Plus Fixed Income Fund | Hedge Fund | $906M | $0 | 1 |
| Large Cap U.S. Equity Index Fund | Other Private Fund | $854M | $0 | 13 |
| Jeffpm, Llc | Private Equity Fund | $702M | $0 | 1 |
| Tju Db Global Equity Fund | Other Private Fund | $642M | $0 | 1 |
| Global Equity Plus Fund | Hedge Fund | $627M | $0 | 8 |
| Tju Nq Global Equity Fund | Other Private Fund | $591M | $0 | 1 |
| Low Duration Bond Fund | Hedge Fund | $578M | $0 | 12 |
| Tju Nq Us Equity Fund | Other Private Fund | $541M | $0 | 1 |
| International Equity Fund | Hedge Fund | $499M | $0 | 11 |
| Sustainable Multi Asset Growth Fund | Hedge Fund | $468M | $0 | 4 |
| High Yield Bond Fund | Hedge Fund | $438M | $0 | 32 |
| Defensive U.S. Equity Fund | Hedge Fund | $338M | $0 | 3 |
| Real Estate Equity Fund | Hedge Fund | $301M | $0 | 9 |
| Tju Nq Global Ex Us Equity Fund | Other Private Fund | $292M | $0 | 1 |
| Private Markets Fund 2021, Llc | Private Equity Fund | $261M | $1.0M | 12 |
| Jeffdebt Ltp, A Series Of Jeffalts, Llc | Hedge Fund | $251M | $0 | 1 |
| Private Markets Fund 2019 Lp | Private Equity Fund | $226M | $1.0M | 12 |
| Global Real Estate Securities Fund | Other Private Fund | $214M | $0 | 11 |
| Tju Db Global Ex Us Equity Fund | Other Private Fund | $208M | $0 | 1 |
| Small Cap Us Equity Fund | Hedge Fund | $201M | $0 | 13 |
| Emerging Markets Equity Plus Fund | Hedge Fund | $192M | $0 | 13 |
| Commodities Fund | Hedge Fund | $181M | $0 | 5 |
| Global Listed Infrastructure Fund | Other Private Fund | $179M | $0 | 10 |
Top 25 of 43 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Retirement plans served (27)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Retirement Plan For Employees Of Southwest Gas Corporation | Southwest Gas Corporation | 1,768 | $1.2B | 08/01/2024 |
| National Laboratory Of The Rockies Shared Security Pension Plan | Alliance For Energy Innovation, Llc | 3,197 | $436M | 06/01/2024 |
| Microsoft Corporation Savings Plus 401 K Plan | Microsoft Corporation | 123,878 | $65.6B | 01/01/2024 |
| Educational Testing Service 401(a) Retirement Plan | Educational Testing Service | 4,620 | $593M | 01/01/2024 |
| Educational Testing Service 403(b) Retirement Savings Plan | Educational Testing Service | 3,512 | $982M | 01/01/2024 |
| Royal Caribbean Cruises Ltd. Ret. Savings Plan | Royal Caribbean Cruises Ltd. | 4,275 | $787M | 01/01/2024 |
| The Uaw Labor Management Group Pension Plan | Board Of Trustees, The Uaw Labor Management Group | 1,507 | $70.2M | 01/01/2024 |
| Delta Dental Of California Cash Balance Retirement Plan | Delta Dental Of California | 808 | $73.6M | 01/01/2024 |
| Nrel 403(b) Employee Savings Plan | Alliance For Sustainable Energy, Llc | 3,584 | $625M | 01/01/2024 |
| Consolidated Edison Retirement Plan | Consolidated Edison Company Of New York, Inc. | 10,314 | $15.6B | 01/01/2024 |
| White & Case Llp Pension Plan | White & Case Llp | 362 | $280M | 01/01/2024 |
| Virtua Pension Equity Plan | Virtua Health | 891 | $103M | 01/01/2024 |
| Unicare Savings Plan | Unilever United States, Inc | 6,410 | $2.1B | 01/01/2024 |
| Savings Plan For Union Employees Of Unilever | Conopco, Inc. | 624 | $87.2M | 01/01/2024 |
| Andersen 401 K Plan | Andersen Corporation | 13,271 | $1.5B | 01/01/2024 |
| Brightspeed Pension Plan | Connect Holding Ii Llc D/B/A Brightspeed | 1,689 | $1.7B | 01/01/2024 |
| The Continental, Inc. Pension Plan | Continental Level 3, Inc. | 4 | $36.8M | 01/01/2024 |
| Lumen Combined Pension Plan | Lumen Technologies, Inc. | 9,131 | $4.3B | 01/01/2024 |
| Food Products Association Retirement Plan | Consumer Brands Association | 0 | $0 | 01/01/2024 |
| Paccar Inc Retirement Plan | Paccar Inc | 10,251 | $2.7B | 01/01/2024 |
| Esco Corporation Pension Plan | Esco Group Llc | 209 | $113M | 01/01/2024 |
| The Graham Companies Pension Plan | The Graham Companies | 189 | $43.7M | 01/01/2024 |
| Aramco U.S. Retirement Income Plan | Aramco Shared Benefits Company | 1,416 | $1.8B | 01/01/2024 |
| Diebold Nixdorf, Incorporated U.S. Pension Plan | Diebold Nixdorf, Incorporated | 516 | $215M | 01/01/2024 |
| Sharpsaver Retirement Plan | Sharp Healthcare | 13,999 | $687M | 01/01/2024 |
Top 25 of 27 plans by assets.
From Form 5500 service-provider disclosures.
Foundations & charities (2)
| Organization | Type | Assets | As of |
|---|---|---|---|
| The Bridgewater State University Foundation | Public charity | $70.3M | 06/30/2024 |
| Saddleback Memorial Foundation | Public charity | $179M | 06/30/2024 |
From IRS Form 990 investment-management-fee disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 10.6 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
- • Other fees
- • % OF REVENUE/INTRACOMPANY AGRMTS
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
Custody
Reported custodians
- State Street $5.0B (14% of AUM) Mar 2026
- Brown Brothers Harriman & Co. $4.7B (13% of AUM) Mar 2026
- Northern Trust $3.3B (9% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗