GREENWICH, Conn., Aug. 17, 2016 /PRNewswire/ -- Littlejohn & Co., LLC, a private investment firm, today announced that the Goldman Sachs Alternative Investments & Manager Selection (AIMS) Group has made a minority investment in Littlejohn. The investment was made through Goldman's AIMS Petershill program. 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.
About the Goldman Sachs AIMS Petershill Program
The AIMS Petershill program launched nearly a decade ago to partner with leading alternative asset managers and help to accelerate their strategic development. AIMS Petershill's minority investments seek 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 and entrepreneurial spirit 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.
About Littlejohn & Co., LLC
Formed in 1996, Littlejohn & Co. this year is celebrating 20 years of serving its investors. Based in Greenwich, Connecticut, Littlejohn is a private equity firm investing in middle-market companies that are undergoing a fundamental change in capital structure, strategy, operations or growth that can benefit from its operational and strategic approach. The firm has over $4 billion under management. For more information, visit www.littlejohnllc.com.
Chris Tofalli Public Relations, LLC
SOURCE Littlejohn & Co., LLC