Goldman’s Petershill Fund to Acquire Stake in Mt. Lucas Management

December 31, 2010

On December 27, 2010, Newtown, Pennsylvania-based investment manager Mount Lucas Management Corporation announced that The Goldman Sachs Petershill Fund has agreed to acquire a minority interest Mount Lucas.

On December 27, 2010, Mount Lucas Management Corporation announced that The Goldman Sachs Petershill Fund has signed a definitive agreement to acquire a passive minority stake in Mount Lucas.  Mount Lucas is a Newtown, Pennsylvania-based global macro investment manager with $1.8 billion in assets under management.  Under the terms of the agreement, Mount Lucas will retain complete autonomy over its management, operations, and investment strategies and a substantial portion of the proceeds from the transaction will be reinvested in Mount Lucas’s funds. 

To read the press release, please click here. 

 


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Hedge Fund Venture Capital, Investment Manager Venture Capital, Transactions