General Atlantic, a global growth equity firm, has completed the final close of its sixth flagship fund, GA 2021, at USD7.8 billion, above its initial target of USD5 billion. The fund received commitments from new and existing capital partners, including family offices, endowments, foundations and institutional investors around the world.
The firm, which pioneered the growth equity asset class more than four decades ago, now has USD23.8 billion in committed capital and over USD78 billion in assets under management. General Atlantic partners with high-growth, tech-enabled companies globally across its five core sectors: Consumer, Financial Services, Healthcare, Life Sciences and Technology. Since its founding, General Atlantic has invested USD49 billion in more than 430 global growth companies.
“Our global growth equity strategy positions us to capitalise on the profound acceleration of digital innovation and global entrepreneurship as we seek to deliver attractive risk-adjusted returns to our capital partners,” says Bill Ford, Chairman and CEO of General Atlantic. “Our ability to partner with management teams, help build rapidly growing, technology-enabled companies on a global scale, and generate strong and consistent investment performance distinguishes General Atlantic with both entrepreneurs and investors.”
“We believe that growth equity plays a critical role in driving innovation and delivering both strong performance and positive impact,” says Graves Tompkins, Managing Director and Global Head of Capital Partnering for General Atlantic. “The enthusiasm for our global investment strategy and partnership approach enables us to scale our capital base to meet our expanding opportunity set while creating strategic and long-term relationships with family and institutional investors.”