Greenhill Announces Sale of Portion of Principal Investments for $45M

Greenhill & Co., Inc. GHL announced today that it has completed the sale of substantially all of its interests in Greenhill Capital Partners II, L.P. and its affiliated funds to certain investors advised by J.P. Morgan Asset Management and certain principals of GCP Capital Partners, for an aggregate purchase price of approximately $45 million. The firm continues to own interests in several other funds that were previously affiliated with it, as well as a substantial equity interest in Iridium Communications, Inc. IRDM.