Updated on October 16, 2025
Realization is part of Goldman Sachs’ announcement of its acquisition of Industry Ventures for up to $965 million
Petershill will sell a majority of its minority stake in Industry Ventures
Total consideration is ~$236.6 million, consisting of ~$163.9 million in cash at deal closing, and an additional cash consideration of up to $72.7 million contingent on Industry Ventures’ performance through 2030
Petershill will sell its ownership of the management fee-related earnings ("FRE") and future performance-related earnings ("PRE"), but will keep the rights to existing PRE and balance sheet investments in existing funds with a carrying value of $41 million
Petershill Partners acquired a minority stake in Industry Ventures in 2019
Industry Ventures is a VC platform focused on secondary, primary, and direct VC investments with $7 billion in assets under supervision
You can also see our LinkedIn post about the broader deal here with more details.
