Portfolio of alternative asset managersaims to take advantage of boom in private equity market
Goldman Sachs is preparing to list a new investment vehicle, Petershill Partners, on the London Stock Exchange in a move that could value the unit at £3.6bn thanks to a boom in the private equity market.
Petershill Partners is expected to raise about $750m (£542m) through an initial public offering (IPO) that will give institutional investors such as pension funds a chance to share in the profits of private equity firms and hedge funds without having to take direct stakes in those firms.
