General Atlantic collects $3bn for Continuation Fund
General Atlantic is broadening its existing stakes in four of its portfolio companies via a $3 billion close of its Continuation Fund.
CPP Investments, Partners Group, along with leading investors Ardian and HarbourVest, have participated in the fund raise by $53 billion General Atlantic. The fund represents the largest pool of new money secondary commitments in a continuation fund to date, officials said.
General Atlantic CEO Bill Ford (provided)
“Deal flow is very high right now in the secondary market and we are highly selective about which transactions we explore,” said Vladimir Colas, member of . . .
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