Arlington latest investment in Goldman’s Petershill program

Middle market private equity firm Arlington Capital Partners has received a passive, non-voting, minority equity investment by Goldman Sachs Asset Management’s Petershill program, a platform aimed at accelerating managers growth and success. Goldman Sachs and Arlington have had a multi-decade relationship in which GSAM has been a limited partner in Arlington’s funds. The additional capital will boost continued strategic growth of Arlington as it expands is client base and to further investment in the Washington, D.C.-based firm’s organization and infrastructure. The firm focuses on growth industries including aerospace and defense, government services and technology, healthcare and business services and software. “We are excited to expand our partnership with Goldman Sachs,” said Arlington Managing Partners Matt Altman, Michael Lustbader and Peter Manos in a statement. “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 honored to have their partnership as we continue to grow our firm.” Arlington is currently investing out of Arlington Capital Partners V, a $1.7 billion fund. The firm has managed approximately $4 billion of committed capital across five investment funds. “Arlington Capital Partners has built a world-class private equity platform, delivering differentiated value to its investors for over two decades,” said Christian von Schimmelmann, co-head of Goldman Sachs Asset Management’s Petershill unit. “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.” The Petershill program launched over a decade ago with an aim of partnering with leading alternative asset managers to help accelerate their strategic development. Goldman’s minority investments in the program 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 the underlying organizations. The financial terms of the Arlington transaction were not disclosed.

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