Alternatives

General Partner Stakes

Our General Partner (“GP”) Stakes Platform, Petershill, seeks to provide investors with direct exposure to the growth and profitability of the alternative asset management industry through non-control GP Stake investments in leading, specialist private market alternative asset management firms, who we believe have their best days ahead.
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Alternatives

General Partner Stakes

Our General Partner (“GP”) Stakes Platform, Petershill, seeks to provide investors with direct exposure to the growth and profitability of the alternative asset management industry through non-control GP Stake investments in leading, specialist private market alternative asset management firms, who we believe have their best days ahead.
wwd-gp-stakes_21-9_1840x788.jpg
Alternatives

General Partner Stakes

Our General Partner (“GP”) Stakes Platform, Petershill, seeks to provide investors with direct exposure to the growth and profitability of the alternative asset management industry through non-control GP Stake investments in leading, specialist private market alternative asset management firms, who we believe have their best days ahead.
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At a Glance
1500+
Opportunities sourced since inception*
$17+
Billion Capital raised*
54+
Firms Partnered with us

Source: Goldman Sachs Asset Management, Petershill, as of December 31, 2025.

* Represents capital raised across the Petershill platform since inception in 2007. 

What Makes Us Different

Pioneers of GP Stakes Investing

Petershill, established in 2007 and recognized as the longest tenured investor in GP Stakes, has a strong track record of strategic execution across diverse market cycles in the private equity and alternative investment landscape. We seek to partner with high-quality GPs that are well positioned to capitalize on the growth of the industry, are at an inflection point in the evolution of their business, with the best days still ahead of them.

Strategic Advantage through Goldman Sachs’ Global Network

We can leverage the expansive global network and resources of Goldman Sachs. Nested within the External Investing Group (XIG), Petershill, has access to expertise and global scale across the risk return spectrum, supporting proprietary sourcing and enhanced due diligence.

Innovating Liquidity Solutions in Private Markets

Private markets are expanding in size and complexity, driving managers to find innovative ways to realize liquidity and demonstrate ways to drive exits by investing through specialist alternative asset management firms. 

Value Creation through Data-Driven Insights and Operational Excellence

Our dedicated GP Services platform uses data-driven insights to help Partner-firms institutionalize, scale and drive long-term value creation beyond capital alone, positioning Petershill as a trusted, strategic partner.

Our Offering


We seek to acquire non-control ownership stakes in leading specialist alternative asset management firms, providing growth capital and acting as a strategic partner to support long-term value creation. 

We seek to partner with leading, next generation private market firms by providing cornerstone LP capital to their inaugural funds, in return for permanent non-control ownership stakes in the management companies.

Our Partner Firms
All30

Case studies were selected to highlight the largest commitments made as of September 30, 2023. We believe these selected case studies should be considered as a reflection of our investment process, and references to these particular assets/portfolio companies should not be considered a recommendation of any particular security, investment, or portfolio company.
For illustrative purposes only.  Performance results vary depending on the client’s investment goals, objectives, and constraints.  There can be no assurance that the same or similar results to those presented above can or will be achieved. 
Any mention of an investment decision is intended only to illustrate our investment strategy and is not indicative of the performance of our strategy as a whole. It should not be assumed that any investment decisions shown will prove to be profitable or any future investment decisions will be profitable or equal the performance of the investments discussed herein. The holdings and/or allocations shown may not represent all of the strategy’s investments. Please contact your Goldman Sachs Asset Management representative to obtain the holdings presented above as well as each holding’s contribution to performance and a complete list of past recommendations. Please see additional disclosures in the appendix.

All active private capital Petershill investments across established-partners and early-stage partners as of March 31, 2026.
General Partner Stakes
A Guide to Investing in the Growth of Private Markets
general partner stakes
Our Leadership Team
Capabilities
External Investing
With global scale, an extensive network, and unique insights, the External Investing Group (XIG) seeks to deliver sought-after opportunities to managers worldwide.
External Investing
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