Millennium Management, one of the world’s largest hedge funds, is negotiating the sale of a minority stake in its management company. The deal would value the firm at approximately $14 billion, according to multiple sources familiar with the discussions reported by the Financial Times and Bloomberg.
Millennium is working with Petershill Partners, a Goldman Sachs unit specializing in acquiring minority interests in alternative asset managers, to identify potential buyers for a 10% to 15% equity stake in the company.
Millennium currently manages over $75 billion in assets across various categories, including equities, fixed income, and commodities. The firm employs more than 6,200 people globally.
Founded in 1989 by billionaire Israel Englander with $35 million in initial capital, Millennium has grown into a multistrategy powerhouse known for strong returns.
Despite some market volatility earlier in 2025, its flagship fund posted a 15.1% gain last year and has delivered a 14% annualized return over time.
The minority stake sale would allow Millennium to bring in outside investors while maintaining control. Petershill Partners provides a platform for alternative asset managers to monetize a portion of their management companies by selling minority stakes, sharing in fee income generated from underlying funds.
This move reflects a broader trend in the hedge fund industry where firms seek capital to support growth and succession planning without giving up majority ownership.
Neither Millennium nor Petershill Partners have publicly commented on the ongoing talks. The transaction, if completed, would mark one of the largest minority stake sales in the hedge fund sector this year.
Related topics:
