|Headquarters||New York, NY, United States|
General Atlantic LLC (GA) is a global growth equity investment firm partnering with entrepreneurs and management teams and providing capital for large minority and majority stakes. In addition to funding, the General Atlantic provides its portfolio companies with expertise, resources and access to a global network of contacts.
Founded in 1980, GA has approximately $17 billion in assets under management and has more than 200 employees based in Greenwich, New York City, Palo Alto, London, Hong Kong, Beijing, Munich, Mumbai, Singapore, Amsterdam and São Paulo. (Citation Needed)
According to Private Equity International, a proprietary ranking of the largest 300 private equity firms in the world, General Atlantic is the 7th largest private equity firm in the world (2014 PEI 300), with approximately $16.6 billion of capital raised over the preceding five-year period.
|History of private equity
and venture capital
|(Origins of modern private equity)|
|(Leveraged buyout boom)|
|(Leveraged buyout and the venture capital bubble)|
|(Dot-com bubble to the credit crunch)|
General Atlantic was founded in 1980 by secretive billionaire Charles F. Feeney to invest on behalf of the Atlantic Philanthropies, which he had endowed. The firm was initially headed by Edwin Cohen, who had previously been a partner of McKinsey & Company. Cohen was joined by Steven A. Denning as a founding member of the firm and as of 2014 has remained with the firm as GA's chairman. GA's current CEO is William (Bill) E. Ford. Robert Trudeau was the principal of General Atlantic before moving to Rick Kimball's Technology Crossover Ventures in 2005.
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 source to include other family offices, as well as foundations and endowments. In the late 1990s, media attention related to the sale of Duty Free Shoppers (DFS), for the first time drew attention to Chuck Feeney and General Atlantic not allowing him to maintain the level of anonymity that Feeney desired.
Coincident with General Atlantic's expansion of its funding source, the firm began exploring expanding its presence overseas. Starting in 2000, General Atlantic began to open offices in Europe and Asia and currently has 11 offices internationally.
- General Atlantic (company website)