Millennium Stake Sale Talks Value Hedge Fund at $14 Billion

Izzy Englander’s Millennium Management has been in discussions to sell a minority stake that values the hedge fund colossus at roughly $14 billion, according to a person familiar with the matter.

The multistrategy firm is working with Goldman Sachs Group Inc. unit Petershill Partners to find potential buyers for a 10% to 15% stake, the person said, asking not to be identified because details of the deal discussions aren’t public. The Goldman arm specializes in buying stakes in alternative asset managers.