Greenwich, Connecticut-based private investment firm Littlejohn & Co., received a minority investment from Goldman Sachs Alternative Investments & Manager Selection (AIMS) Group.
The amount of the investment – made through Goldman’s AIMS Petershill* program – was not disclosed. AIMS Petershill is purchasing a passive, non-voting, primary stake in Littlejohn representing less than 10%.
All proceeds from the investment will be used for the continued growth of its core private equity, special situations, and performing credit strategies.
Formed in 1996, Littlejohn & Co. Littlejohn is a private equity firm investing in middle-market companies that are undergoing a fundamental change in capital structure, strategy, operations or growth.
It has over $4 billion under management.
*The AIMS Petershill program partners with alternative asset managers maiking minority investments to support the creation of long-term value by providing strategic capital to enhance employee retention, facilitate business development, buy out legacy equity holders and generate strategic options – while preserving the autonomy of these organizations.
AIMS Petershill is part of Goldman Sachs Asset Management’s Alternative Investments & Manager Selection Group, which manages over $150 billion in assets across leading hedge-fund, private-equity, real-estate, and traditional long-only managers through new fund commitments, secondary investments, fund-of-fund investments, co-investments and seed capital investments.