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July 18 (Reuters) - British investment group Petershill Partners PHLL.L said on Friday it has exited its investment in U.S.-based private equity firm Harvest Partners for $561 million, a 22% premium to the stake's value recorded at the end of 2024.

Petershill, which is operated by Goldman Sachs, did not name the purchaser of its stake.

The stake sale is expected to reduce Petershill's 2025 and 2026 distributable earnings by roughly 4% and 5%, respectively, the company said.

Petershill is expected to get distributable earnings of $308 million for 2025 and $369 million for 2026, according to current consensus estimates.

Including this deal, Petershill has raised $1.86 billion from stake sales since the start of 2024.

In January it sold its majority stake in venture capital firm General Catalyst for $726 million.

(Reporting by DhanushVignesh Babu in Bengaluru; Editing by Shailesh Kuber)

((DhanushVignesh.Babu@thomsonreuters.com;))