London Stock Exchange welcomes Petershill Partners plc to the Premium Segment of the Main Market

Today, Petershill Partners, a leading global GP solutions investment group, begins trading on the Main Market of London Stock Exchange. Petershill Partners comprises minority investments in 19 high-quality Partner-firms, previously held in private funds managed by Goldman Sachs Asset Management (GSAM). The Partner-firms have US$187 billion of aggregated assets under management. Petershill Partners priced its initial public offering at 350 pence per share, leading to a total market capitalisation at the commencement of conditional dealings at approximately £4.0 billion, which equates to a total offer size of £1.2 billion.

Petershill Partners is a standalone company, governed by an independent Board, with operations undertaken by the Goldman Sachs Asset Management team that founded the business in London in 2007 and helped to establish the GP stakes investing sector. The company provides growth capital to, and partners with, high-quality, independent, alternative asset managers by acquiring minority investments in, and accelerating the development of those managers. The IPO offers a unique way for shareholders to access ownership in privately held businesses which operate in a growing sector and have significant growth opportunities ahead.

Quick facts

Track
Market: Main Market
Instrument market cap (£m)
3,717.62
Listing/Admission to trading
28 Sep 2021

Naguib Kheraj, Non-Executive Chairman of Petershill Partners, said:

“A London Stock Exchange listing for Petershill Partners gives public market institutional investors a unique opportunity to access stakes in a number of leading privately owned alternative asset managers. Goldman Sachs has been a pioneer and is a global leader in the specialised business of making minority investments in alternative asset managers. Through Petershill Partners’ listing, investors are able to benefit from the expertise of Goldman Sachs as its operator both in terms of managing the existing portfolio and developing opportunities to make additional future investments in this rapidly growing industry.”

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