Group 1 - Millennium Management, one of the largest hedge fund companies globally, is seeking to sell 10% to 15% of its equity, with a company valuation of approximately $14 billion [1] - The minimum investment required to acquire shares in Millennium Management is $1 million, while the maximum is $20 million, with a total fundraising target of $2 billion [1] - Goldman Sachs is actively seeking potential investors, including high-net-worth individuals and employees from competing hedge funds [1][2] Group 2 - Millennium Management has a strong track record, having only lost money in 2008, with returns exceeding 10% in all but nine years since its inception in 1990 [2] - The company, founded by Izzy Englander in 1989, has expanded rapidly and now manages over $78 billion in assets across more than 320 investment teams [2] - The funds from the sale will be allocated to a special purpose vehicle that will charge a 1% management fee and a 10% performance fee, while direct institutional investors will not incur this additional fee [1] Group 3 - Millennium Management will be the first hedge fund giant to reach out to a broader buyer base, following a trend where large hedge funds have previously sold stakes [3] - Other hedge funds, such as KKR & Co. and Verition Fund Management, have also engaged in selling minority stakes to different investment groups [3]