General Atlantic Closes Sixth Flagship Growth Equity Fund at $7.8 Billion

Paul, Weiss advised General Atlantic in connection with its sixth flagship fund, GA 2021, which closed at $7.8 billion, above its initial target of $5 billion. The fund received commitments from new and existing capital partners, including family offices, endowments, foundations and institutional investors around the world. The closing brings GA’s total committed capital to $23.8 billion. The firm currently has $78 billion in assets under management.

The Paul, Weiss team included, among others, corporate partners Amran Hussein, Conrad van Loggerenberg, Matthew Abbott and Marco Masotti and counsel Caitlin Kelly, Corinne Musa and Philip Heimowitz; tax partner Lindsay Parks and counsel Mashiho Yuasa and Shane Milam; and executive compensation counsel Jake Glazeski.