Investment Trusts

Petershill Partners PLC

PHLL:LSE

Petershill Partners PLC

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  • Price (GBX)211.00
  • Today's Change3.00 / 1.44%
  • Shares traded48.38k
  • 1 Year change+27.88%
  • Beta--
Data delayed at least 20 minutes, as of Jul 22 2024 14:58 BST.
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About the company

Petershill Partners plc is a United Kingdom-based diversified, global alternatives investment company. The Company is focused on private equity and other private capital strategies. The Company is a General Partner (GP) solutions investment firm that provides capital to alternative asset managers through minority stake acquisitions. Through its interests in 25 alternative asset management firms (Partner-firms) it provides investors with exposure to the growth and profitability of the alternative asset management industry. The Company invests into Partner-firms whose funds generate earnings, primarily in the form of fees. It participates in the fee income from more than 200 underlying funds that are diversified across multiple factors, such as asset class, investment strategy, and investment lifecycle. The Company is operated by Goldman Sachs Asset Management.

  • Revenue in GBP (TTM)417.99m
  • Net income in GBP248.55m
  • Incorporated2021
  • Employees0.00
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Profile

Management group(s)Goldman Sachs Asset Management, L.P.
AIC sectorGrowth Capital
ISINGB00BL9ZF303
Launch date01 Oct 2021
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

To invest in Alternative Asset Manager Stakes primarily across the following four asset classes: private equity, private real assets, including real estate, infrastructure and natural resources, absolute return strategies invested principally in publicly-traded securities, and private credit. The Company may also invest in adjacent businesses that involve investment management, including traditional asset management firms, wealth managers and insurance businesses.

Managed by

Ali Raissi, Christian von Schimmelmann, Robert Hamilton Kelly

Management & contract fees

The Company expects the Operator fees to amount to approximately 7.5% of the Petershill Partners Group income from investments in management companies in two years following Admission. The Company expects this percentage to increase in the third year following Admission when the Profit Sharing Charge becomes payable.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
JPMorgan American Investment Trust PLC329.10m318.32m1.82bn0.005.781.17--5.521.731.731.798.570.2151--381.12--20.8013.7021.0213.8297.7597.4396.7295.36----0.04767.47349.4289.00321.69138.62--3.58
Worldwide Healthcare Trust PLC229.70m201.16m1.91bn0.0010.090.95--8.320.35880.35880.39243.810.1034--31.45--9.055.799.516.1389.3885.0387.5882.62----0.0012.251,332.855.362,389.313.89--1.11
Mercantile Investment Trust PLC97.69m75.21m1.94bn0.0026.171.05--19.830.09550.09550.12382.390.0443--18.98--3.413.533.433.5578.7080.4676.9878.52----0.149568.44138.65--127.31----3.96
Caledonia Investments plc233.80m203.80m1.94bn71.009.700.6593--8.303.693.694.2354.300.0767--32.933,292,958.006.699.997.0610.3286.61--87.1791.27--184.090.0021.8232.170.815142.620.5588-24.213.49
HarbourVest Global Private Equity Ltd115.50m93.77m1.96bn1.10k21.490.659--17.001.201.201.4939.070.0371----104,999.203.0112.813.0212.8384.5397.1481.1996.10----0.0656--393.40-7.65285.74-10.43----
Smithson Investment Trust PLC321.92m293.32m2.04bn0.008.150.8873--6.341.741.741.9415.980.1293--112.88--11.785.0111.805.0293.7085.9191.1182.05----0.000.00134.25165.33130.31------
Bridgepoint Group PLC321.60m70.70m2.06bn378.0029.732.8523.096.420.08710.08710.39780.90760.1544--0.2688850,793.603.395.583.966.94----21.9826.80--16.380.633962.324.6217.10-41.38--4.34--
City of London Investment Trust plc140.56m127.17m2.16bn0.0017.281.09--15.370.25280.25280.28394.020.0675--15.44--6.112.596.152.6391.9381.3290.4877.92----0.0542178.62-32.93-6.02-38.12-7.05--2.58
Petershill Partners PLC417.99m248.55m2.28bn0.009.570.63129.165.450.21990.21990.36943.330.0947--4.42--5.63--5.81------59.46----12.280.0927--230.72--170.90------
HgCapital Trust plc247.91m230.52m2.33bn0.0010.111.02--9.400.50360.50360.54165.000.1095--1.27--10.1916.4110.2016.4341.94--92.9995.94--52.850.009.8298.4518.84114.4717.91--7.16
Burford Capital Limited580.76m248.59m2.37bn161.009.731.35--4.081.111.112.628.010.1403----3,607,227.007.477.178.788.16----53.2252.00--5.870.3672.60240.4820.661,901.3213.9698.590.00
Monks Investment Trust PLC420.74m398.35m2.46bn0.006.440.9463--5.841.831.831.8812.430.152--28.30--14.396.3614.816.5795.7991.6694.6889.96----0.07743.24978.0514.55687.1615.10--2.57
International Public Partnerships Ltd72.02m27.86m2.47bn0.0089.300.8533--34.330.01460.01460.03771.530.0237--1.75--0.91695.140.9215.1845.1081.4438.6978.54----0.021894.63-80.30-15.55-91.48-27.42--3.08
Renewables Infrastructure Group Ltd-24.20m5.80m2.51bn0.00433.480.7905----0.00230.0023-0.00971.28-0.0074------0.17748.070.17758.07--99.90--102.94----0.0070.79-104.36---98.89-45.73--2.17
HICL Infrastructure PLC35.20m30.50m2.59bn0.0085.140.808--73.530.0150.0150.01731.580.0107--100.57--0.92925.360.92955.36--99.9486.6597.95----0.00100.81-82.60-34.43-84.63-36.06--0.492
JPMorgan Global Growth & Income PLC338.65m322.78m2.74bn0.007.151.14--8.090.78780.78780.82474.950.1697--51.51--16.179.6817.359.7997.1593.5395.3190.39----0.062838.671,024.1539.31733.2139.40--6.77
Data as of Jul 22 2024. Currency figures normalised to Petershill Partners PLC's reporting currency: UK Pound GBX

Institutional shareholders

81.68%Per cent of shares held by top holders
HolderShares% Held
Goldman Sachs Asset Management LPas of 07 Jun 2024859.80m76.80%
Danske Bank A/S (Investment Management)as of 01 Jul 202414.88m1.33%
LGT Capital Partners (Ireland) Ltd.as of 30 Apr 20239.99m0.89%
Pelham Capital Ltd.as of 01 Jul 20245.98m0.53%
The Vanguard Group, Inc.as of 01 Jul 20245.52m0.49%
Lazard Asset Management Ltd.as of 01 Jul 20244.27m0.38%
Lazard Asset Management LLCas of 01 Jul 20244.13m0.37%
Schroder Investment Management Ltd.as of 01 Jul 20243.55m0.32%
AXA Investment Managers US, Inc.as of 01 Jul 20243.39m0.30%
1832 Asset Management LPas of 01 Jul 20242.97m0.27%
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Data from 30 Apr 2023 - 30 Jun 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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