General Atlantic

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General Atlantic Service Company, L.P.
Company type
Private
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HeadquartersNew York City, United States
Number of locations
29 offices
Key people
Bill Ford
(CEO)
Gabriel Caillaux
Martín Escobari
(co-presidents)
ProductsGrowth capital
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AUMUS$118 billion (2022)[1]
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Number of employees
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Websitegeneralatlantic.com

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General Atlantic Service Company, L.P., also known as GA, is an American growth equity firm providing capital and strategic support for global growth companies, headquartered in New York City.[2] The firm was founded in 1980 as the captive investment team for Atlantic Philanthropies, a philanthropic organization founded by Charles F. Feeney, the billionaire co-founder of Duty Free Shoppers Ltd.[3]

As of September 2025, General Atlantic has over $118 billion in assets under management and focuses on investments across five sectors, including Technology, Consumer, Financial Services, Healthcare, and Life Sciences. The firm has more than 900 professionals in 20 countries across five regions.[4][5]

In June 2025, General Atlantic ranked 13th in Private Equity International's PEI 300 ranking among the world's largest private equity firms, compared to 15th the previous year.[6][7]

History

Lua error in package.lua at line 80: module 'Module:Sidebar/configuration' not found. General Atlantic was founded in 1980 as the captive investment team inside of Atlantic Philanthropies, founded by billionaire Charles F. Feeney a co-founder of Duty Free Shoppers Group. Two of the world's richest men, Bill Gates and Warren Buffett, credit Feeney as a major inspiration for both the $30 billion-strong Bill & Melinda Gates Foundation and the Giving Pledge, which has enlisted more than 90 of the world's richest to (eventually) grant half their wealth to charity.[8][9]

The firm was initially led by CEO Edwin Cohen, previously a partner of McKinsey & Company. Cohen was joined by Steven A. Denning, also from McKinsey & Company, as a founding member of the firm. Steven Denning served as General Atlantic's CEO from 1995 to 2006 and is now chairman emeritus. William (Bill) E. Ford, who joined the firm in 1991, is the current chairman and CEO of General Atlantic.[10] In November 2019, General Atlantic announced the appointments of Gabriel Caillaux, Martín Escobari, and Anton Levy to Co-Presidents of the firm, expanding its senior leadership team with the newly created roles.[11][12] In December 2019, General Atlantic's Global Co-Head of Financial Services Paul Stamas was selected as one of GrowthCap's Top 40 Under 40 Growth Investors of 2019.[13]

General Atlantic focused initially on investments in computer software, oil and gas exploration, real estate and retailing. Among the firm's first major investments was United Health Services, which tripled in value in three years for the firm. By the late 1980s, General Atlantic began to expand its funding sources to include other family offices, as well as foundations and endowments.[14]

Coincident with General Atlantic's expansion of its funding source, the firm began exploring expanding its presence overseas. Starting in 1999, General Atlantic began to open offices in Europe and Asia and currently has 16 offices globally.[5] In 2018, General Atlantic invested in UK investment start-up Greensill Capital in an attempt to challenge traditional lending systems.[15] In 2019 the firm continued its investments in EMEA region by acquiring a majority share in Kiwi.com.[16]

In October 2023, General Atlantic acquired a minority stake in India-based travel-tech platform TBO for an undisclosed amount.[17] In November 2023, General Atlantic acquired a majority stake in Joe & The Juice for $641 million.[18]

General Atlantic agreed to acquire British investment firm Actis Capital in January 2024. The acquisition finalized in October, after which Actis became General Atlantic's sustainable infrastructure arm.[19][20]

Investments

General Atlantic backed Royalty Pharma ahead of the company's 2020 IPO, which was among the largest U.S. IPOs that year and was the second-largest pharmaceutical listing ever.[21] The firm also expanded its footprint in Asia in 2020 with an $870 million investment in India's digital services platform Jio Platforms.[22]

In 2018, General Atlantic entered into a joint venture, Nucom ecommerce, with German mass media company ProSiebenSat.1 Media.[23] Later that year, NuCom purchased U.S.-based online dating website eHarmony.[24]

In October 2024, General Atlantic acquired Actis, a leading global investor in sustainable infrastructure. The merger expanded the investment platform to approximately $97 billion in operating assets.[25]

References

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  1. ^ a b Page Module:Citation/CS1/styles.css has no content."General Atlantic Form ADV" (PDF). U.S. Securities and Exchange Commission. June 17, 2022. pp. 29, 31.
  2. ^ Page Module:Citation/CS1/styles.css has no content."General Atlantic LinkedIn Profile". LinkedIn. Retrieved March 30, 2015.
  3. ^ Page Module:Citation/CS1/styles.css has no content.Lipen, Steve (April 19, 2000). "AIG Will Disclose Plans to Invest in Venture Fund". Wall Street Journal. Retrieved March 30, 2015.
  4. ^ Page Module:Citation/CS1/styles.css has no content."About General Atlantic". Retrieved April 27, 2021.
  5. ^ a b Page Module:Citation/CS1/styles.css has no content."General Atlantic Offices". General Atlantic. Retrieved January 14, 2026.
  6. ^ Page Module:Citation/CS1/styles.css has no content."The Largest Private Equity Firms in the World". Private Equity International. Retrieved January 14, 2026.
  7. ^ Page Module:Citation/CS1/styles.css has no content."2024 PEI 300 by Private Equity International - Infogram". infogram.com. Retrieved January 20, 2025.
  8. ^ Page Module:Citation/CS1/styles.css has no content."About Atlantic History and Founder". The Atlantic Philanthropies. Retrieved March 30, 2015.
  9. ^ Page Module:Citation/CS1/styles.css has no content.Bertoni, Steven (September 19, 2012). "Chuck Feeney: The Billionaire Who Is Trying To Go Broke". Gates Notes. Retrieved March 30, 2015.
  10. ^ Page Module:Citation/CS1/styles.css has no content."William E. Ford". Bloomberg Business. Bloomberg. Retrieved March 30, 2015.
  11. ^ Page Module:Citation/CS1/styles.css has no content.Gottfried, Miriam (November 5, 2019). "General Atlantic Taps Three for Roles Near Top of Firm". The Wall Street Journal.
  12. ^ Page Module:Citation/CS1/styles.css has no content."General Atlantic Announces Expansion of Senior Leadership Team". Business Wire. November 5, 2019.
  13. ^ Page Module:Citation/CS1/styles.css has no content."GrowthCap's Top 40 Under 40 Growth Investors of 2019 | GrowthCap". Retrieved March 17, 2020.
  14. ^ Conor O'Clery, The Billionaire Who Wasn't: How Chuck Feeney Made and Gave Away a Fortune Without Anyone Knowing (Template:ISBN).
  15. ^ Page Module:Citation/CS1/styles.css has no content.Gottfried, Miriam. "General Atlantic Invests $250 Million in Lending Startup Greensill". Wall Street Journal. Retrieved November 30, 2018.
  16. ^ Page Module:Citation/CS1/styles.css has no content.Fox, Linda (June 3, 2019). "Kiwi.com takes big investment as General Atlantic becomes majority owner". PhocusWire.
  17. ^ Page Module:Citation/CS1/styles.css has no content."General Atlantic to acquire minority stake in travel-tech platform TBO". The Economic Times. October 22, 2023. ISSN 0013-0389. Retrieved October 24, 2023.
  18. ^ Page Module:Citation/CS1/styles.css has no content."General Atlantic to gain majority stake in Joe & The Juice". Yahoo Finance. November 13, 2023. Retrieved November 13, 2023.
  19. ^ Page Module:Citation/CS1/styles.css has no content.Gopinath, Swetha (January 16, 2024). "General Atlantic to Acquire UK Infrastructure Buyout Firm Actis". Bloomberg News.
  20. ^ Page Module:Citation/CS1/styles.css has no content.Joseph, Irien (October 1, 2024). "General Atlantic wraps up acquisition of Actis". PE Hub.
  21. ^ Page Module:Citation/CS1/styles.css has no content.Franklin, Joshua; Spalding, Rebecca (June 15, 2020). "Royalty Pharma prices at top of range in second-biggest pharma IPO ever". Reuters.
  22. ^ Page Module:Citation/CS1/styles.css has no content.Singh, Manish (May 17, 2020). "General Atlantic to invest $870M in India's Reliance Jio Platforms". TechCrunch.
  23. ^ Page Module:Citation/CS1/styles.css has no content.Clarke, Stewart (October 29, 2018). "ProSiebenSat.1 Buys Online Dating Business eHarmony". Variety. Retrieved September 21, 2021.
  24. ^ Page Module:Citation/CS1/styles.css has no content."Germany's ProSieben buys U.S. online dating site eharmony". Reuters Business News. October 29, 2018. Retrieved September 21, 2021.
  25. ^ Page Module:Citation/CS1/styles.css has no content."General Atlantic Completes Actis Acquisition | General Atlantic". www.generalatlantic.com. October 2, 2024. Retrieved March 20, 2025.
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