# Russell Investments Master Trust

Russell Investments Master Trust is a Pension Fund based in Seattle, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Seattle, United States
- **Region:** North America
- **Address:** Seattle, WA, United States
- **Founded:** 1936
- **Assets under management:** Undisclosed
- **Website:** https://russellinvestments.com
- **LinkedIn:** https://www.linkedin.com/company/russell-investments

## Regulatory record

- **Reports private funds:** No

## About

Russell Investments Master Trust provides superannuation and retirement solutions, including iQ Super and iQ Retirement. Members can select from a range of investments, including pre-mixed or build-your-own options. The default GoalTracker (MySuper) option invests super based on age for members who do not make an investment choice.

## Sectors

- Real Estate
- Infrastructure
- Private Credit

## People

- Patricia Montague — Chair
- Jocelyn Furlan — Director

## Questions

### Who serves as trustee for the Russell Investments Master Trust?

Total Risk Management Pty Limited acts as the professional trustee. This structure outsources fiduciary oversight to a dedicated trustee company, a model common in the Australian superannuation industry. The trustee is responsible for governance and compliance, while Russell Investments handles manager selection and portfolio construction.

### What is the relationship between the Master Trust and Russell Investments Group?

The Master Trust is a superannuation vehicle that sits within the Russell Investments ecosystem. The Russell Investments Group — majority-owned by TA Associates, with Reverence Capital Partners and Hamilton Lane Advisors as minority investors — provides the multi-manager platform and investment expertise that the trust draws on. The trust itself is governed by Total Risk Management as independent trustee.

### Which asset classes does the Master Trust allocate to?

The trust deploys capital across private credit, unlisted infrastructure, and commercial real estate. Its real estate exposure includes the Russell Global Property Fund II, a global commercial property vehicle, and a dedicated allocation to Australian Real Estate Investment Trusts (A-REITs) with a mixed-use mandate. The infrastructure portfolio is weighted toward the UK and global markets.

### Who holds ownership stakes in the Russell Investments Group?

TA Associates Management holds the majority interest. Reverence Capital Partners and Hamilton Lane Advisors each hold significant minority stakes. This consortium acquired control of Russell Investments in a multi-stage transaction, with Hamilton Lane joining the investor group later.

## Related profiles

- [Rusnano](https://altss.com/profile/rusnano)
- [Ruth Lane Charitable Foundation](https://altss.com/profile/ruth-lane-charitable-foundation)

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Last updated: 2026-08-11T15:07:57.118Z

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