Investment firm Petershill Partners has become the latest business to unveil plans to quit the London Stock Exchange after it complained of suffering from an “enduring valuation discount.”

The FTSE 250 business, which was founded by Goldman Sachs in 2007, said its lacklustre share price “did not appropriately reflect the quality and underlying value” of its assets.

“Since 2022, significant macroeconomic, market, geopolitical and industry-specific headwinds have dampened public market investor interest in the alternative asset management sector, particularly for smaller and more specialised firms,” Petershill said.

“As a result, despite strong operating and financial performance, the company’s investment case has resonated less strongly with investors than at the time of the IPO.”

The c

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