Deals
General Atlantic Adds $3.3 Billion to Funds Chasing Growth Deals
- $13 billion reached in five years with third closed-end fund
- Firm pursued growth-equity strategy since founding in 1980
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General Atlantic raised $3.3 billion for its third closed-end investment fund, bringing its total arsenal of available capital to about $10 billion to pursue its growth-equity strategy.
Including the latest fund, the firm has amassed about $13 billion in the past five years. That amount also includes managed accounts, an evergreen vehicle and a commitment from employees, its executives said in an interview.