Goldman Petershill to buy minority of General Catalyst: Wall Street Journal

Goldman Sachs’ Petershill unit is buying a minority stake of General Catalyst for $200 million, the Wall Street Journal reported. The stake is in the high-single digits and entitles Petershill to a portion of the VC’s profits that it generates through carried interest and management fees, the story said. However, Goldman will not have influence over the firm’s operations or special access to portfolio company information, the WSJ said.