Goldman Sachs' alternative investments and manager selection group has made a minority investment in Littlejohn & Co., a private investment firm, Goldman Sachs Asset Management spokesman Andrew Williams confirmed.
The investment was made through Goldman's AIMS Petershill program, through its Petershill II private equity fund.
AIMS Petershill is purchasing a passive, non-voting, primary stake in Littlejohn representing less than 10%. The investment follows a 17-year relationship between AIMS and Littlejohn in which AIMS has been an investor in all of Littlejohn's committed capital private equity funds.
Specific terms of the transaction are not being disclosed. None of the AIMS Petershill capital is being distributed, and all proceeds from the investment will be retained by Littlejohn and used for the continued growth of its core private equity, special situations and performing credit strategies.
Barclays provided financial advice and Debevoise & Plimpton provided legal advice to Littlejohn in connection with the transaction.
Littlejohn has more than $4 billion in assets under management.