Millennium Makes First-Ever 15% Stake Sale

Millennium Management sold a roughly 15% minority passive equity stake for about $2 billion, valuing the firm at approximately $14 billion — the first such sale in the firm's 35‑year history. Buyers included some of Millennium’s largest institutional investors as well as ultra‑high‑net‑worth clients and executives; the transaction was executed in part through Goldman Sachs’ Petershill unit with additional capital raised via major wealth platforms. Millennium said the deal diversifies ownership, supports succession planning and provides liquidity for the founder and key partners while reinforcing the firm’s durability. The firm manages about $79 billion across more than 330 investment teams and has delivered roughly 14% annualised returns since inception. Millennium recently extended client lockups to five years and adjusted fee and expense structures to stabilise operations and cash flows, a move that reflects a broader industry trend of large multi‑manager hedge funds reworking capital structures.