According to the Financial Times, hedge fund giant Millennium Management is in discussions to sell a 10%–15% minority stake in its management company, in a deal that would value the firm at $14 billion.
The company is reportedly working with Goldman Sachs’ Petershill Partners to identify potential buyers. Both Millennium and Petershill declined to comment on the talks.
Founded in 1989 by billionaire Israel Englander with just $35 million, Millennium has grown into one of the world’s most prominent multi-strategy hedge funds, now managing over $75 billion in assets across equities, fixed income, and commodities. The firm employs more than 6,200 people globally.
This potential transaction reflects continued investor appetite for stakes in successful alternative asset managers — and underlines the growing valuation premiums for hedge funds with scale, performance history, and institutional infrastructure.
