Wealthy Investors Can Buy Stake in Hedge Fund Millennium for $1 Million

Millennium Management, a hedge fund firm with $78 billion in assets, is seeking to raise $2 billion by selling a 10%-15% stake for $1 million minimum commitment. Goldman Sachs is offering clients a stake in the firm through its Petershill Partners unit, with half of the funds coming from Goldman and the rest from Millennium approaching large institutions. The firm's consistent returns, including only one year of losses in 2008, and five-year client lock-up may attract investors.

Millennium Management, a prominent hedge fund firm with over $78 billion in assets, is embarking on a significant capital raise by offering a 10%-15% equity stake in the firm. The sale, which is being facilitated by Goldman Sachs through its Petershill Partners unit, is targeting a minimum commitment of $1 million per investor [1].

The firm, founded by Izzy Englander in 1989, is seeking to raise $2 billion through this equity offering. According to documents circulated by Goldman Sachs, the firm is valuing the stake at roughly $14 billion, which would translate to a $2 billion money raise. Half of this amount is expected to come from Goldman's Petershill Partners unit, while the other half will be sourced from Millennium approaching large institutions, including existing sovereign-wealth fund clients [1].

The sale marks a strategic move by Millennium to broaden its investor base, moving away from traditional institutional investors and towards high-net-worth individuals. Petershill will manage the funds raised through a special-purpose vehicle, charging clients a 1% management fee and 10% carry from the investment vehicle. Institutions buying their stakes directly in Millennium will not be subject to these additional fees [1].

Millennium's consistent performance, highlighted by only one year of losses in 2008, and its five-year client lock-up policy may attract investors. The firm has expanded significantly in recent years, even to the point of providing capital to other hedge funds to manage. This move is significant as it is the first time a hedge fund giant like Millennium is tapping a wider range of buyers [1].

Earlier this year, Verition Fund Management entered into an agreement to sell a minority stake to Affiliated Managers Group Inc., and last year, Ken Griffin expressed openness to selling a minority stake in Citadel. These precedents suggest that the sale of stakes in hedge funds is becoming more common [1].

Boston Partners, an institutional investor, recently increased its stake in The Goldman Sachs Group, Inc. by 0.1%, now owning approximately 993,706 shares worth about $542 million. The company declared a quarterly dividend increase to $4.00 per share, reflecting a boost from their previous quarterly dividend of $3.00 [2].

In related news, CEO David M. Solomon sold 6,608 shares of the company's stock, and EVP John F.W. Rogers sold 6,008 shares in transactions disclosed by the SEC. The company's stock has seen a 3.3% increase in the past 90 days, with insiders owning 0.55% of the stock [2].

The Goldman Sachs Group, Inc. has a market cap of $224.94 billion, a PE ratio of 16.37, and a P/E/G ratio of 1.53. The company's 50-day moving average is $686.71, and its 200-day moving average is $615.52. The company's latest quarterly earnings data showed an EPS of $10.91, topping the consensus estimate of $9.82 [2].

References:
[1] https://www.bloomberg.com/news/articles/2025-08-14/goldman-dangles-millennium-hedge-fund-stakes-for-just-1-million
[2] https://www.marketbeat.com/instant-alerts/filing-boston-partners-buys-610-shares-of-the-goldman-sachs-group-inc-nysegs-2025-08-13/