Growth equity firm General Atlantic has marked the tenth anniversary of its on the ground presence in Europe, having opened its London office in 1999.
Founded in 1980, GA has GBP9.3bn (USD15bn) in capital under management and has invested over GBP1.5bn (USD2.5bn) in European companies over the last two decades.
Over the past six months alone, GA has committed over GBP0.6bn (USD1bn) in growth equity capital, including more than GBP310m (USD500m) in the financial services industry.
The firm’s most recent investment is in Markit, a global financial information services company based in London.
John Bernstein, managing director and head of GA’s European organisation, says: “General Atlantic’s global growth focus has helped many European companies expand their businesses, and is especially relevant in today’s capital markets environment. We have backed the management teams of some tremendous European growth companies over the last ten years and are excited to be continuing that today with our latest investment in Markit. Our long term approach to investing and our focus on value added business-building have helped our partner companies generate strong growth for their investors over many years and we believe this is the best way of building globally successful companies.”
General Atlantic will be moving to its new offices in London on 1 February located at 23 Savile Row.
