Affiliated Managers Group, Inc. has closed purchased a majority equity interest of Pantheon from Russell Investments, a subsidiary of Northwestern Mutual Life Insurance Company.

Pantheon, a global private equity fund-of-funds manager, manages regional funds-of-funds in Europe, the United States and Asia, as well as global secondary funds-of-funds, global infrastructure fund-of-funds and customized separate account programs. Pantheon currently manages some $26 billion in assets across 300 global clients, including pension funds, endowments, government bodies and insurance companies.

Pantheon's management will continue to direct the firm’s day-to-day operations. AMG began its play for Pantheon in February  

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