Goldman’s Petershill Seeks $5 Billion for New Flagship Fund (1)

A Goldman Sachs Group Inc. business that raises funds to buy stakes in other private-market investment firms is seeking cash for its next fund.

Petershill, which recently delisted its public entity from the London Stock Exchange after years of trading at a low valuation, has started trying to raise money for its fifth flagship fund, according to people familiar with the matter. The company is seeking to raise about $5 billion, the same size as its previous flagship fund, said the people, who asked not to be named discussing private plans.

A spokesperson for Goldman Sachs declined to comment.

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