Global growth equity investment firm General Atlantic has made a minority investment in global outsourced investment office Partners Capital Investment Group through the acquisition of a portion of the stake held by longstanding external shareholders and some of the founding generation partners.
As part of the transaction, the current leadership team at Partners Capital will see a step change increase in their ownership of the firm that the firm says will help to lock in senior talent, with the ability for future leaders to build meaningful ownership in the firm over time.
Partners Capital’s investment operations will operate independently of General Atlantic.
Founded in 2001, Partners Capital acts for institutional and private clients. The firm’s client base includes endowments and foundations across the US, Europe and Asia, with their missions focused on education, healthcare and the arts. Partners Capital’s private client base includes prominent ultra-high net worth families and senior members of investment firms for whom the firm manages their family endowment.
With more than $50bn in AUM, Partners Capital employs over 350 people across its seven offices located in Boston, New York, London, San Francisco, Paris, Singapore and Hong Kong.
Closing of the transaction is subject to certain regulatory conditions and client consents.
Partners Capital was advised by Spencer House Partners, Macfarlanes and Ropes & Gray. General Atlantic was advised by Freshfields Bruckhaus Deringer and PwC.