Saturday, 22 October 2016
Last updated 1 day ago
Mar 25 2008 | 2:00am ET
A Goldman Sachs private equity fund that invests in hedge fund managers is in talks to take a minority stake in London-based Trafalgar Asset Managers.
The US$500 million Petershill fund, managed by Jonathan Sorrell, has been in talks with Trafalgar since last year, the Telegraph newspaper reports. Discussions began anew a few months ago, and could bear fruit by the end of this month or next month.
Petershill is seeking a minority, non-controlling stake in Trafalger, which manages some US$2.7 billion.
Should a deal be struck, it would be the third in a London-based hedge fund for the p.e. fund. Last year, Petershill bought a 10% stake in Winston Capital Management, and last month it took a 20% stake in Capula Investment Management.