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Goldman Sachs-controlled investment vehicle Petershill flags slower deals market

Petershill’s share price has halved since its IPO in 2021

Operated by Goldman Sachs Asset Management, Petershill listed in 2021 amid growing activity in the GP stakes market
Operated by Goldman Sachs Asset Management, Petershill listed in 2021 amid growing activity in the GP stakes market Photo: Omar Marques/Getty Images

Petershill Partners, the investment vehicle which buys up stakes in private equity firms, has posted a fall in distributable earnings and profit after tax, citing a slowdown in the deals market.

The London-listed company's latest results show that total partner distributable earnings slid from $370.2m to $292.1m in 2023, while adjusted profit after tax plunged from $272.6m to $199.6m.

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