Deals
General Atlantic Eyes $5 Billion for Latest Growth Equity Fund
- New pool will bring committed capital to $20 billion
- Firm to see record amount of IPOs in its portfolio this year
This article is for subscribers only.
General Atlantic is seeking to raise $5 billion for its fourth flagship fund to invest in growth equity deals as it increases its bet on a long-held strategy that’s now sparking interest from more traditional buyout players.
The firm, which has backed big-tech companies including Uber Technologies Inc. and Airbnb Inc., has already gathered $3 billion for the fund and is aiming for a June close, according to a person with knowledge of the matter. The latest money-raising effort would bring total committed capital to $20 billion to pursue investments in fast-growing startups, the person said.