(Reuters) -Hedge fund Millennium Management is in talks with Goldman Sachs' ( GS ) Petershill Partners ( PHLLF ) to identify potential buyers for a minority stake in its management company, the Financial Times reported on Wednesday.

Potential buyers could include some of Millennium's largest investors, the FT reported, citing people familiar with the matter. However, Millennium might ultimately decide not to work with Petershill ( PHLLF ), the FT added.

In November, Reuters reported that BlackRock ( BLK ) was in early-stage talks with Millennium Management about a strategic tie-up that could involve acquiring a minority stake in the hedge fund.

Petershill ( PHLLF ), which is operated by Goldman Sachs ( GS ), invests in minority stakes in hedge funds and private equity firms.

Millennium Management, founded by Israel Englander, is one of the world's largest hedge funds, with more than $73 billion in assets under management.

Goldman Sachs ( GS ) declined to comment and Millennium did not immediately respond to a Reuters request for comment.