Houlihan Lokey Advises FHP on GP Stake Investment from Petershill (Goldman Sachs)

Houlihan Lokey is pleased to announce that FHP has received a strategic minority GP Stake investment from Petershill at Goldman Sachs Alternatives. The GP Stake transaction further solidifies Houlihan Lokey’s dominance in GP Advisory

FHP, a healthcare-focused private equity and credit firm, has received a passive, minority investment from Petershill at Goldman Sachs Alternatives (Petershill). Terms of the transaction were not disclosed.

Founded in 1991, FHP has invested in more than 200 companies over 34 years. The firm recently closed its latest flagship buyout fund, FHP’s fund XI, which was significantly oversubscribed, reaching its hard cap of $2.3 billion in limited partner commitments within six months.

Petershill specializes in minority investments in leading alternative asset managers. The group targets well-established firms with strong track records and meaningful cash flow generation, supporting their growth across future fund and product offerings.

This passive minority investment will support the continued growth of the FHP investment platform, enable increased investment by the general partner in existing and new funds and the development of strategic initiatives by affording greater balance sheet flexibility. The transaction will not affect FHP’s day-to-day management or investment approach.

Houlihan Lokey served as the exclusive financial advisor to FHP and assisted in structuring and negotiating the GP Stake transaction.

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