Arlington Capital Partners (Arlington), a middle market private equity firm, has secured a passive, non-voting, minority equity investment by Goldman Sachs Asset Management’s (GSAM) Petershill programme.
The investment follows a multi-decade relationship between Goldman Sachs and Arlington in which GSAM has been a limited partner investor in Arlington’s funds. The transaction will have no impact on the day-to-day operations or management of Arlington. The additional capital will facilitate the continued strategic growth of Arlington as it expands an existing first-class base of global limited partners, utilises its unique sector expertise to provide additional highly differentiated investment vehicles to its investors, and further invests in the firm’s organisation and infrastructure.
Matt Altman, Michael Lustbader, and Peter Manos, the Managing Partners of Arlington, says: “We are excited to expand our partnership with Goldman Sachs. They have an outstanding reputation within the investment community and we are privileged that they have chosen to make this strategic minority investment in our platform through the Petershill program. GSAM has a long history of supporting the world’s top performing alternative asset managers, and we are honoured to have their partnership as we continue to grow our firm.”
Christian von Schimmelmann, co-head of Goldman Sachs Asset Management’s Petershill unit, says: “Arlington Capital Partners has built a world-class private equity platform, delivering differentiated value to its investors for over two decades. Arlington’s expertise within their core sectors affords them a reputation within those industries that creates a true competitive advantage and has enabled them to deliver industry-leading results for their investors. We are eager to expand our relationship with Arlington through this investment and look forward to leveraging our firm’s experience and expertise to accelerate Arlington’s next phase of growth in line with its strategic objectives.”
Evercore Inc provided financial advice and Kirkland & Ellis LLP provided legal counsel to Arlington in connection with the transaction. Fried, Frank, Harris, Shriver & Jacobson LLP provided legal counsel to Goldman Sachs Asset Management.
