– Petershill at Goldman Sachs Alternatives announced the sale of its stake in Harvest Partners.
-The sale was completed at a premium to Petershill’s net asset value (NAV).
– The transaction contributes to Petershill’s broader 2024 exit activity, which has generated approximately $2.9 billion in liquidity.
▪️Includes the full realization of General Catalyst (January 2025).
▪️Partial realization of Accel-KKR (November 2024).
▪️Full realization of LMR Partners (September 2024).
– Harvest Partners, founded in 1981, is a seasoned private equity firm specializing in middle-market investments.
– Petershill initially acquired a non-control stake in Harvest in October 2018.
Part of the Harvest investment was included in the Petershill Partners plc IPO in
September 2021.
– Under Petershill’s ownership, Harvest’s AUM grew from ~$5 billion to ~$20 billion.
– Ali Raissi-Dehkordy, Co-Head of Petershill, emphasized the premium realization and its contrast to Petershill Partners’ current share price.
– Robert Hamilton Kelly, Co-Head of Petershill, highlighted the strength of the seven-year partnership and expressed best wishes for Harvest’s continued success.
