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General Atlantic Raises $7.8B For New Growth Equity Fund

by axios.com posted 3weeks ago 6 views
General Atlantic, one of the oldest and most successful growth equity investment firms, today announced that it raised $7.8 billion for its latest closed-end fund. The big picture: GA also continues to employ an evergreen fund, which means it basically has around $24 billion in investable capital. The firm tells Axios it's investing around $8 billion per year, and in 2021 has made 50 deals and had 21 IPOs. "I can't and won't quit China." That was a prominent U.S. growth equity investor, when I asked if Beijing's business crackdown was causing him to reconsider his firm's China strategy.

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