Nov 3 (Reuters) - Millennium Management has sold a 15%

stake to a group that included some of its largest institutional

investors, according to an internal email seen by Reuters.

The group now owns approximately 15% of the fund, the

email sent to staffers showed. The equity investments were made

through funds managed by Goldman Sachs' Petershill Partners.

Petershill invests in minority stakes in hedge funds and

private equity firms.

The Financial Times reported the development earlier on

Monday.

Millennium declined to comment. Goldman did not immediately

respond to a request for comment.

Founded by billionaire Israel Englander, Millennium manages

more than $79 billion across a range of asset classes including

equities, fixed income and commodities.

Reuters had reported in June that Millennium was in talks to

sell a minority stake at a $14 billion valuation.