67: Exploring Goldman Sachs’s Listed Private Equity Vehicle, Petershill Partners – With Robert Hamilton Kelly, Managing Director
Sign up to our newsletter for more in-depth insights | Follow us on LinkedIn In this Private Equity Miniseries, we examine why P.E. has grown to become such a significant artery in both the investment world and wider economy. We discuss if this growth is secular, and an investment environment which continues to lead to rethinks of asset classes available for investors. In this episode, I am delighted to speak to Robert Hamilton Kelly, Global Co-Head of Petershill Partners (part of Goldman Sachs Asset Management). They have raised over $10bn of P.E. capital since 2007, investing in private equity and alternatives businesses at the GP level. Robert explains how and why Petershill own their investments and the characteristics they seek. He speaks about their approach to partnering with firms and the mutual benefits that develop, whilst also explaining the value of permanent capital. He talks about some of their transactions, their decision to list in London, how investors have assessed the valuation case and why he is excited by the long term opportunities he believes are available through their approach. The Money Maze Podcast is sponsored by Schroders, Bremont Watches and LiveTrade. Schroders is a global investment and wealth manager, with a purpose to provide excellent investment performance to clients, through active investment management. Bremont is an award-winning British company that produces beautifully engineered chronometers, designed to appeal to those who share the appreciation of a beautiful mechanical wristwatch. LiveTrade has changed the way fine wine is bought and sold worldwide. You can instantly buy and sell - or place bids and offers on - key wines from Bordeaux, Champagne, Italy and other world regions.