Millennium Management in Talks to Sell Minority Stake Valued at $14 Billion

Millennium Management, led by Izzy Englander, is in discussions to sell a minority stake valued at $14 billion. The hedge fund is working with Goldman Sachs' Petershill Partners to find potential buyers, including sovereign wealth funds and institutions. Englander has considered a minority stake sale for over a decade and is also considering offering shares to top executives.

Millennium Management, a prominent hedge fund led by billionaire Israel Englander, is in discussions to sell a minority stake valued at $14 billion, according to recent reports. The company is working with Goldman Sachs' Petershill Partners to identify potential buyers for a 10% to 15% equity stake in its management company.

The hedge fund, which manages over $75 billion across various asset classes including equities, fixed income, and commodities, employs more than 6,200 people. Englander has been considering a minority stake sale for over a decade and is also exploring the possibility of offering shares to top executives.

The Financial Times reported on the valuation earlier this week, citing people familiar with the discussions. Millennium and Petershill declined to comment on the matter. Potential buyers could include sovereign wealth funds and other institutions that oversee billions of dollars, according to sources familiar with the talks.

Goldman Sachs' Petershill Partners, a unit specializing in buying stakes in alternative asset managers, is facilitating the deal. The Goldman Sachs arm has been involved in similar transactions in the past, indicating its expertise in this area.

Millennium Management was founded in 1989 with $35 million in capital and has since grown to become one of the largest hedge funds in the world. The company's leadership under Englander has been instrumental in its success, with the hedge fund consistently delivering strong returns for its clients.

The potential sale of a minority stake in Millennium Management comes at a time when the hedge fund industry is experiencing significant growth and consolidation. This move could provide Englander with the liquidity needed to pursue other investment opportunities or potentially retire, while also allowing the company to raise capital for expansion and growth.

The exact terms of the deal, including the specific percentage of equity to be sold and the identity of potential buyers, remain uncertain. However, the $14 billion valuation indicates the significant value that investors place on Millennium Management's management company.

The sale of a minority stake in Millennium Management is a significant development in the hedge fund industry and will be closely watched by investors and financial professionals. The deal could have implications for the company's future strategy and the broader hedge fund landscape.

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3SJ1C3:0-hedge-fund-millennium-valued-at-14-billion-in-minority-stake-sale-talks-ft-reports/
[2] https://www.investing.com/news/stock-market-news/millennium-management-reportedly-in-talks-to-sell-minority-stake-at-14b-valuation-93CH-4097885
[3] https://www.bloomberg.com/news/articles/2025-06-16/millennium-stake-sale-talks-value-hedge-fund-at-14-billion
[4] https://ca.finance.yahoo.com/news/hedge-fund-millennium-valued-14-194255036.html
[5] https://www.marketscreener.com/quote/stock/PETERSHILL-PARTNERS-PLC-127525134/news/Hedge-fund-Millennium-valued-at-14-billion-in-minority-stake-sale-talks-FT-reports-50254425/
[6] https://wmbdradio.com/2025/06/16/hedge-fund-millennium-valued-at-14-billion-in-minority-stake-sale-talks-ft-reports/
[7] https://www.investing.com/news/analyst-ratings/bjs-wholesale-stock-rating-reiterated-at-buy-by-goldman-sachs-93CH-4092295