(Reuters) -Millennium Management is in talks to sell a minority stake in its management company, in a deal that values the hedge fund giant at $14 billion, the Financial Times reported on Monday, citing people familiar with the discussions.
The company is working with Goldman Sachs’ Petershill Partners to identify potential buyers for a 10% to 15% equity stake in its management company, the report said.
Millennium and Petershill did not immediately respond to Reuters’ requests for comment.
Millennium manages over $75 billion across a range of asset classes, including equities, fixed income and commodities. The company employs more than 6,200 people, according to its website.
The company is led by billionaire Israel Englander, who founded it in 1989 with $35 million in capital.
(Reporting by Niket Nishant in Bengaluru; Editing by Mohammed Safi Shamsi)
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