Alternatives

General Partner Stakes

We've been a pioneer in the market for acquiring management company GP stakes primarily focused on private capital firms and our dedicated investment team has invested directly into leading alternative investment managers since 2007.
At a Glance
800+
Opportunity sourcedSince inception
$12+
BillionCapital raised
49+
FirmsPartnered with us

Source: Goldman Sachs Asset Management as of September 30, 2023. 

What Makes Us Different

Industry Pioneers

Petershill Partners began in 2007 and is the longest tenured investor in GP stakes. We have a track record of innovation through partnering with high-quality GPs to provide strategic capital solutions at different stages of a firm’s development. We have sought to generate investment results that help to meet our limited partners' objectives.

Differentiated Data and Insights

We focus on global high-performing middle-market GPs, building deep relationships and have invested $400 billion since 2007 with third-party managers. This experience means we can draw on decades of due diligence data, helping us to refine our underwriting process through multiple market cycles.

Value Creation Approach
Our GP Services platform adds value across our portfolio by providing access to our GP network. This network helps our partner firms with capital formation, new product design, and operational enhancements to position them for future success.
Our Partner Firms
All4
Private Markets
Clearlake is an investment firm operating integrated businesses across private equity, credit and other related strategies, with a sector-focused strategy targeting technology, industrials, and consumer businesses. Clearlake was founded in 2006 and is headquartered in Santa Monica, CA, with an additional office in Dallas, TX.
Real Estate
Kayne Anderson Real Estate is a leading real estate investor across opportunistic, core and debt strategies in the alternative real estate sectors of medical office, seniors housing, student housing and self-storage. KA Real Estate was founded in 2007 and is headquartered in Boca Raton, FL, with an additional office in New York City.
Private Markets
Accel-KKR is a technology-focused private equity firm founded in 2000 which primarily invests in middle-market software and technology-enabled services companies. Accel-KKR has offices in Menlo Park, California, Atlanta, Georgia and London, England.
Private Markets
Permira is a global investment firm founded focusing on upper middle market buyout investments, with headquarters in London.

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.

GP StakesAli Raissi-Dehkordy and Robert Hamilton Kelly, Global Co-Heads Petershill Group.
Our Leadership Team
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Ali Raissi-Dehkordy
Managing Director and Co-Head
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Robert Hamilton Kelly
Managing Director and Co-Head
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Dan Agar
Managing Director
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Nigel Beslee
Managing Director
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