Petershill at Goldman Sachs Alternatives Announces the Sale of its Non-control Ownership Stake in Harvest Partners
On July 18, 2025, Petershill at Goldman Sachs Alternatives (“Goldman Sachs”) announced the sale of its stake in Harvest Partners (“Harvest” or “the Firm”).
The Harvest realization was sold at a premium to Petershill’s net asset value and builds on recent exit activity across the platform since the start of 2024, having generated approximately $2.9 billion of liquidity across financing activity and the full realization of General Catalyst in January 2025, the partial realization of Accel-KKR in November 2024 and the full realization of LMR Partners in September 2024.1
Founded in 1981, Harvest is an established private equity firm with over 40 years of experience investing in middle-market companies and partnering with high-quality management teams to build growing businesses. Petershill initially acquired its non-control ownership stake in the Firm in October 2018. A portion of the Harvest investment was subsequently contributed to the Petershill Partners plc listing in September 2021. During Petershill’s ownership period, Harvest’s AUM has quadrupled from approximately $5 billion at entry to approximately $20 billion today.2
Ali Raissi-Dehkordy, Co-Head of Petershill at Goldman Sachs Alternatives, commented: “This transaction further demonstrates our ability to realise assets at attractive valuations relative to their carrying values, and a significant premium to the value implied by the current share price of Petershill Partners.
Robert Hamilton Kelly, Co-Head of Petershill at Goldman Sachs Alternatives, added: “Harvest is an exceptional firm, and Petershill Partners and Harvest have benefitted from seven years of collaboration and growth. We wish Harvest every success as they continue to execute on their business plan.”
About Petershill at Goldman Sachs Alternatives
Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $450 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, hedge funds and sustainability. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs.
The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.
The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs Asset Management has over $3.1 trillion in assets under supervision globally as of December 31, 2024.
Established in 2007, Petershill at Goldman Sachs Alternatives partners with leading alternative asset managers and helps to accelerate their strategic development. Petershill’s minority investments seek to support the creation of long term value by providing strategic capital to enhance employee retention, facilitate business development, buy out legacy equity holders and generate strategic options – while preserving the autonomy and entrepreneurial spirit of these organizations.
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Evercore served as financial advisor to Petershill and Harvest Partners.
1 Represents nominal proceeds from Harvest Partners, General Catalyst, Accel-KKR, LMR, and financing activity across the Petershill platform, and does not represent actual investor experience.
2 Source: Harvest Partners, as at March 31, 2025.