Citadel founder Ken Griffin said Thursday he is open to selling a small stake in his hedge fund at some point in the future.
Speaking at an event hosted by the Economic Club of New York, Griffin said it would make sense for him to sell a minority stake in his market maker Citadel Securities to Sequoia and Paradigm in 2022, a deal that valued the firm at $22 billion.
His comments come days after reports that BlackRock is in talks with Citadel rival Millennium possible allianceWhich involves the acquisition of a minority stake in a hedge fund by the world’s largest asset manager.
“We are very proud to be in private partnership. Asked about possible consolidation in the hedge fund industry, he said, “It has served us well for 30 years.” Nevertheless, he added that he is “open to the possibility of selling a minority stake in Citadel at some point in the future.” Will be ready.”
When asked what kind of partner he would partner with, he said venture capital firm Sequoia would be an example. “We will look for a partner who feels like Sequoia, who inspires us to be better at what we do.”
Griffin said Citadel Securities’ focus now is on growing the business and an initial public offering should not happen “in the near future.”
