Petershill Sells Majority Stake in General Catalyst

INVESTMENT MANAGEMENT DEALS BLOG

On January 21, 2025, Petershill Partners announced that it sold its majority investment in General Catalyst.

Petershill Partners (“Petershill”) announced, on January 21, 2025, that it had sold its majority stake in General Catalyst for $789 million. Further terms of the transaction were not disclosed.

Petershill (OTCMKTS: PHLLF), based in London, is an investment management vehicle of Goldman Sachs (NYSE: GS) that provides capital to alternative asset managers through majority and minority investments. As of December 2024, Petershill had approximately $337 billion in assets under management.

General Catalyst, based in Cambridge, Massachusetts, is a venture capital firm specializing in seed-stage, early-stage, and growth equity investments in enterprise technology and consumer sectors. General Catalyst has approximately $30 billion in assets under management.

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