23rd Nov 2021 15:00
Petershill Partners PLC - London-based spin-off from Goldman Sachs Group Inc that invests in alternative asset managers - In a trading update for the third quarter ended September 30, says performance remains in line with its expectations, with the medium-term guidance provided at the time of its initial public offering unchanged. Reports aggregate partner-firm assets under management of USD145 billion, up 6% during the third quarter of 2021 and up 35% from a year before. Notes that earlier this month, it made its first acquisition of a new partner-firm minority stake since its IPO in late September, investing USD60 million cash in Symphony Technology Group, a technology-focused US buyout firm.
Current stock price: 318.50 pence
Year-to-date change: down 9.0% from 350p IPO price
By Tom Waite; [email protected]
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