Goldman's Petershill to list $5-bn alternative asset portfolio on LSE

Petershill will place minority stakes in 19 private equity, other alternative managers into a structure that will then list in an initial public offering, according to a document filed with LSE.

Goldman Sachs Group Inc.’s Petershill unit, which specializes in buying stakes in alternative asset managers, plans to list a new investment vehicle that holds stakes in companies managing $187 billion in assets. 

Petershill will place minority stakes in 19 private equity and other alternative managers into a structure that will then list in an initial public offering, according to a document filed with the London stock exchange on Monday. The new Petershill will issue shares worth around $750 million as well as sell existing shares, according to the statement. 

The entity, to be called Petershill Partners, names Petershill’s stakes in Francisco Partners,