At least four-fifths of Pamplona Capital Management’s funds come from Mikhail Fridman’s LetterOne
Goldman Sachs and Kirkland & Ellis have paused new business with Pamplona Capital Management, the $9bn private equity firm whose firepower comes mostly from sanctioned oligarch Mikhail Fridman’s LetterOne investment group.
Knaster is also a sponsor of a $345mn special purpose acquisition corporation alongside Edward Eisler, a former Goldman Sachs partner.
Goldman Sachs has worked with Pamplona repeatedly. Its asset management arm, alongside EQT, bought the pharmaceutical group Parexel from Pamplona in November. The bank led the April 2021 initial public offering of Privia Health, where Pamplona and Goldman’s merchant banking operations remain large shareholders after investing in the company in 2014.
Read more: FT
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