Institutional investors

Private equity Why choose Russell for private equity investing? We manage private equity investments on behalf of clients across the globe. Russell has over 20 years' experience researching managers, both institutionally and individually. We offer:   Strategic advice on how to access private markets and how to manage the difficulties of investing Extensive private market expertise and experience Detailed and robust investment due diligence Independent reference checks on managers and their processes Strong relationships with top quality managers Identification of high quality emerging managers ahead of limited access Portfolio construction incorporating the specific individual clients' needs, which may include: Fund of funds solutions, secondaries, and/or individual managers Annual commitment levels to meet target allocation levels Diverse investment choices, including different vintage years, industrial sectors, investment stages, market caps, and geography Why invest in private equity? Diversification While private equity has some correlation to public markets, added diversification benefits include:   Exposure to areas not readily accessible via public markets Investment in newer companies Exposure to higher levels of potential alpha Higher return potential While private markets can have higher risks than public markets, they can offer potentially higher returns in compensation for their illiquidity. Private equity can provide enhanced returns because of:   Greater shareholder engagement Private equity managers' increased industry knowledge, contacts, and ability to attract high quality senior management Long-term nature While many industry participants lament the illiquidity of private equity, we believe the long-term nature of the asset class will enhance institutional investors' returns, mainly because the ability to buy high and sell low is curtailed (when compared to public markets). Investors are forced to take a long-term perspective, as are fund managers. The long-term investment horizon frees company management from short-term earnings obligations and offers potential for greater long-term performance. Related information Consulting 2010-2011 Russell Survey on Alternative Investing We would welcome the opportunity to listen and learn about your objectives and discuss how the considerable resources at Russell can help your fund meet its goals.     West Coast David Rothenberg Managing Director 866-926-5934 East Coast Gerry Lillis Director 866-459-4128 Please remember that all investments carry some level of risk, including the potential loss of principal invested. They do not typically grow at an even rate of return and may experience negative growth. As with any type of portfolio structuring, attempting to reduce risk and increase return could, at certain times, unintentionally reduce returns. Diversification and strategic asset allocation do not assure profit or protect against loss in declining markets. In general, alternative investments involve a high degree of risk, including potential loss of principal; can be highly illiquid and can charge higher fees than other investments. Hedge strategies and private equity investments are not subject to the same regulator requirements as registered investment products. Hedge strategies often engage in leveraging and other speculative investment practices that may increase the risk of investment loss. USI-11272-10-12