Overview

• The FTSE 250 vehicle, majority-owned by Goldman Sachs, provides public exposure to stakes in private equity and other alternative managers.
• The plan includes returning about $921 million (£685 million), equal to roughly 308p per share, subject to shareholder approval at a November meeting.
• The proposed transaction implies a valuation of approximately £3.4 billion for the business.
• Shares jumped about 33% after the announcement.
• Petershill reports assets under management have grown from $187 billion in 2021 to $351 billion in 2025 even as its stock traded at an average 44% discount to listed peers, and the move is being viewed as another setback for London’s listings, with Dealogic noting the weakest first-half IPO fundraising in 30 years.