Mergers & Acquisitions / Joint Ventures

GSAM’s Petershill takes stake in Robinson’s Altana operation


Petershill Fund, the private equity investment fund managed by Goldman Sachs Asset Management, has exercised its right to retain a minority stake in Altana Wealth, the new investment management group set up by former Trafalgar co-founder Lee Robinson.

Petershill held the right to a stake in Altana under its agreement with Robinson’s previous venture Trafalgar Asset Managers, in which the GSAM fund bought a 20% stake in 2008. Altana said the Petershill/Goldman stake was a passive investment and did not carry with it any investment management rights or board representation.

“I have maintained a close relationship with Petershill