September 19, 2021

Goldman Sachs plans IPO for $5bn Petershill Partners

Goldman Sachs Group updates

Goldman Sachs is planning to list Petershill Partners in a deal that would value the Wall Street bank’s stakes in alternative asset managers at more than $5bn, according to people familiar with the situation, amid a global boom for private equity.

Petershill Partners, which owns minority stakes in 19 alternative assets firms with a combined $187bn of assets under management, said on Monday that it is considering an initial public offering on the London Stock Exchange. A flotation would give public market investors exposure to its performance and make it the largest listed alternatives business in London.

When Petershill was set up in 2007, it was the first of a series of groups created to take stakes in private equity and alternative investment managers,…

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