General Atlantic News
19 articles
General Atlantic doles out $1 billion to maturing Israeli startups
General Atlantic, one of the worlds biggest private equity funds, is focusing on investing in Israeli companies as Israels tech scene matures. The firm has opened an office in Tel Aviv and has recruited local talent to scout investment opportunities. General Atlantic is particularly interested in later-stage companies with bigger visions and innovative technology. The firm has already invested in companies like Mobileye Global, AppsFlyer, HiBob, and Transmit Security. General Atlantic sees potential in Israels growing connections with Arab countries and is looking to invest in areas like financial technology, life sciences, biotechnology, and climate technologies. The firm recently closed its BeyondNetZero fund, allocating $3.5 billion for investments in environmental solutions. General Atlantics investment plans in Israel are not affected by politics or economic turbulence.
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הקרן שהשקיעה 750 מיליון דולר בסטארטאפים ישראליים: ''אנחנו מאמינים בכושר העמידה של האקוסיסטם הטכנולוגי הישראלי''
General Atlantic, a global growth equity firm, has been investing in several prominent startups in the Israeli ecosystem. The firm was founded in 1980 by Chuck Feeney, an entrepreneur and philanthropist, with the aim of investing in rapidly growing businesses and supporting visionary founders. The firm currently manages assets worth $84 billion. It has made over 445 growth investments, with more than 190 current portfolio companies worldwide. Since 2019, it has invested over $750 million in eight rapidly growing technology companies established or based in Israel.
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Genral Atlantic eyeing $2 bn investment in India, SE Asia VCCircle
Global private equity firm General Atlantic plans to invest $2 billion in India and Southeast Asia over the next two years due to falling valuations in the regions startups. The firm is in early-stage investment talks with about 15 companies in various sectors. After a slow year of investment in Indian startups in 2021, General Atlantic is now ready to increase its investments. The firm is particularly bullish on India, Indonesia, and Vietnam. General Atlantics existing investments in India include education technology company Byjus and Reliance Retail, while its Southeast Asia portfolio includes PT MAP Boga Adiperkasa and Kumu. The firm is advising its portfolio companies to consider consolidation opportunities in the current market environment.
Investment
Pablo Isla Joins General Atlantic as Global Senior Advisor
"Were not coming to Israel because its hot or sexy, but because we look at it strategically," says General Atlantic Co-President CTech
Venture capital fund General Atlantic is opening its Tel Aviv office and plans to deepen its presence in the Israeli market. The firm has already invested around $750 million in Israeli companies over the past three years and aims to be one of the best-performing markets in terms of returns and quality of company. General Atlantic has rented offices in Tel Aviv and will recruit senior local employees to help identify and manage investments. The company is actively involved in its portfolio companies and is bullish on technology, innovation, and the Israeli market. It sees opportunities for investment in sectors such as cybersecurity, infrastructure, and software development tools.
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מקס אוגוסט - Forbes Israel
Max August, at the age of 24, is leading the investment strategy of General Atlantic in Israel. General Atlantic, one of the largest private investment funds in the world, manages about $86 billion. Until recently, the fund had not invested in the Israeli sector, but today it has already signed local investments in Israeli companies totaling $700 million. Max August has played a significant role in managing and closing these deals. His mission is focused on improving Israels image in the world and he believes in the power of Israeli innovation.
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https://www.privateequitywire.co.uk/2022/03/14/312837/general-atlantic-appoints-senior-advisor
Global growth equity firm, General Atlantic, has appointed Annette Thomas as a Senior Advisor. Based in London, Thomas will provide strategic support and counsel to General Atlantic’s investment teams and portfolio companies across the EMEA region. Thomas brings over 25 years of experience in global media, data, information technology and education businesses across Europe and North America. She has overseen numerous digital and data transformation strategies and most recently served as CEO of Guardian Media Group.
Management Changes
General Atlantic sees opportunities in healthcare system's inefficiencies PE Hub
Najat Khan joins General Atlantic as Senior Advisor
Global growth equity firm General Atlantic has announced the appointment of Najat Khan, Ph.D., as a Senior Advisor. Khan, who has over a decade of experience in operational and data science in the Life Sciences sector, will provide strategic support to the firms investment teams and portfolio companies. She has held senior leadership roles at Johnson & Johnson and currently serves as Chief Data Science Officer and Global Head of Strategy & Operations at Janssen Research and Development, LLC. Khan is also the co-chair of J&J’s enterprise-wide Data Science Council.
Management Changes
General Atlantic Announces 2021 Promotions
https://www.privateequitywire.co.uk/2021/12/01/309920/general-atlantic-appoints-vice-chairman
General Atlantic secures $7.8B in commitments for sixth fund
General Atlantic has closed its sixth growth equity fund, GA 2021, with $7.8 billion in commitments, exceeding its initial target of $5 billion. The fund attracted new and existing capital partners, including family offices, endowments, foundations, and institutional investors. With this fund, General Atlantic now has $23.8 billion in committed capital and over $78 billion in assets under management. The firm plans to continue investing in consumer, financial services, healthcare, life sciences, and technology sectors. General Atlantic has made 65 investments so far this year, up from 42 in 2020, and has seen 21 IPOs and direct listings of portfolio companies in 2021. The firm aims to capitalize on digital innovation and global entrepreneurship.
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General Atlantic looking to expand Israel investments
General Atlantic is opening an office in Israel to identify and invest in promising early-stage tech startups. The venture capital firm, with $78 billion in assets under management, plans to employ six people in the new office. They are actively searching for a senior executive to lead the operations. General Atlantic has already invested $600 million in Israeli companies over the past two years, including Riskified and AppsFlyer. The firm aims to increase its activity in early-stage investments in Israel and is willing to make smaller investments of $25-$50 million. The partners currently active in Israel are Anton Levy and Alex Crisses.
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Samir Assaf Joins General Atlantic as Senior Advisor
Samir Assaf has joined General Atlantic as a Senior Advisor. He will also serve as a member of the Advisory Board for BeyondNetZero, General Atlantics new climate venture. Assaf brings with him more than three decades of financial services experience and will advise on sourcing, developing relationships with entrepreneurs, and portfolio company support. He spent 27 years at HSBC in various leadership roles and will continue to support HSBC in his advisory role. General Atlantic is a global growth equity firm with over $65 billion in assets under management.
Partners
General Atlantic Completes $3 Billion Continuation Fund to Support Continued Growth of Four Portfolio Companies
General Atlantic has closed its first multi-asset continuation fund, raising over $3 billion in new capital commitments. The fund allows the company to retain existing stakes in four of its portfolio companies, including Howden Group Holdings, Argus Media, Sanfer, and Red Ventures. The capital was used to acquire these portfolio companies from existing investors. The fund represents the largest pool of new money secondary commitments in a continuation fund to date. Paul, Weiss advised General Atlantic on the transaction.
Acquisition
https://www.privateequitywire.co.uk/2021/04/14/298610/general-atlantic-appoints-senior-adviser-focused-climate-and-net-zero
Israeli entrepreneurs "think globally from day one", says General Atlantic
General Atlantic, a global growth equity firm, discusses its attraction to Israeli startups and the advantages of investing in Israeli companies in New York. The firm highlights the concept of Tikkun Olam and the focus of Israeli entrepreneurs on impactful and sustainable solutions. General Atlantic believes that Israeli entrepreneurs are disciplined, think globally, and are resourceful in terms of capital allocation and innovation. The firm has recently closed a partnership in the Israeli tech market and sees New York as a natural hub for Israeli companies in the growth stage. General Atlantic offers suggestions for Israeli entrepreneurs in New York and discusses the impact of the COVID-19 pandemic on its work.
PartnersInvestment
https://www.bloomberg.com/news/articles/2021-03-31/general-atlantic-eyes-5-billion-for-latest-growth-equity-fund
General Atlantic is seeking to raise $5 billion for its fourth flagship fund to invest in growth equity deals. The firm has already gathered $3 billion for the fund and is aiming for a June close. This fundraising effort would bring total committed capital to $20 billion to pursue investments in fast-growing startups.
Investment
General Atlantic Raises $3.29 Billion for New Fund
