HEDGE FUND MILLENNIUM IN TALKS TO SELL STAKE AT $14 BILLION VALUATION, SOURCE SAYS

By Nell Mackenzie and Niket Nishant

LONDON (Reuters) -Millennium Management is in talks to sell a minority stake in its management company, in a deal that values the hedge fund giant at $14 billion, said a source with knowledge of the matter.

The company is working with Goldman Sachs' Petershill Partners to sell a stake of 10% to 15% to interested parties, the source said.

Petershill, which buys minority stakes in asset managers, is looking at placing part of the stake with its own clients and part with others who already invest in Millennium's fund, the source said, declining to name the investors.

Petershill and Millennium declined to comment.

The Financial Times first reported the story.

Millennium, founded and led by billionaire Israel Englander, manages more than $75 billion across a range of asset classes, including equities, fixed income and commodities. The company employs more than 6,200 people, according to its website.

Millennium's multi-strategy hedge fund returned a positive 1.7% return in May, bringing its investment performance to 0.4% for 2025 to the end of May. Englander founded the hedge fund in 1989 with $35 million in capital.

Millennium has been exploring a stake sale for some time. BlackRock, the world's largest asset manager, began early-stage talks with Millennium about a strategic tie-up that could involve buying a minority stake, Reuters reported in November citing sources.

(Reporting by Nell Mackenzie; Editing by Tommy Reggiori Wilkes and Susan Fenton)

2025-06-17T18:05:38Z