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Goldman Sachs Alternatives on GP stakes and funding the future - PEI Private Equity

Reported by Private Equity International
May 1, 2024· 2 min read
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Key Takeaways
  • • Goldman Sachs Alternatives' Petershill platform, led by global co-heads Ali Raissi-Dehkordy and Robert Hamilton Kelly, says GP stakes investing has moved beyond de-risking founders toward providing growth capital and connectivity to the next generation of talent.
  • • The strategy now positions GP stakes as a source of growth capital for managers rather than solely a succession or liquidity tool.
  • • The discussion, published by PEI Private Equity on 1 May 2024, is presented as sponsored content from Goldman Sachs Alternatives.
  • • The source material provides limited quantitative detail on fund sizes, deal values, or portfolio performance.
Summary
Goldman Sachs Alternatives' Petershill team has framed the evolution of GP stakes investing as moving from a founder de-risking tool to a vehicle for growth capital and talent connectivity. According to global co-heads Ali Raissi-Dehkordy and Robert Hamilton Kelly, as reported by PEI Private Equity on 1 May 2024, the model now extends beyond providing liquidity to founding partners and includes funding the future of asset management firms.

The interview frames GP stakes as a partnership structure in which minority capital is provided to alternative asset managers, with the stake holder participating in the economics of the management company rather than the underlying funds. In the co-heads' account, this positioning allows the platform to support firms in building their next generation of leadership and talent.

The article is labeled as sponsored content, and the primary source does not disclose specific transaction values, fund sizes, or portfolio metrics. Readers seeking quantitative detail on Petershill's deployment or returns should consult Goldman Sachs Alternatives' published materials.

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Sources

1 outlet

AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Private Equity International Goldman Sachs Alternatives on GP stakes and funding the future - PEI Private Equity