Ken Griffin Signals Openness to Selling Minority Stake in Citadel

The billionaire hedge fund founder cites potential benefits of a strategic partner while reaffirming Citadel’s commitment to remaining private.

Ken Griffin, founder of the $65 billion hedge fund Citadel, stated he is open to selling a minority stake in the firm in the future.
Griffin highlighted the benefits of a past deal where Sequoia and Paradigm acquired a stake in Citadel Securities in 2022, valuing it at $22 billion.
He emphasized the preference for a partner like Sequoia, which he credited with providing valuable insights and enhancing Citadel Securities’ operations.
Griffin reiterated that Citadel intends to remain a private partnership, which he believes has been key to its success over the past 30 years.
The remarks come as reports circulate about BlackRock potentially acquiring a minority stake in Citadel competitor Millennium, signaling industry interest in such partnerships.