Private Equity Insights

General Atlantic, the investment firm whose bets have included Meta and Airbnb, has confidentially filed for an initial public offering. The firm is considering listing as soon as next year depending on market conditions.

A General Atlantic IPO would test investor sentiment toward alternative asset managers as the industry grapples with the end of the era of cheap debt that fueled easy dealmaking. Despite those headwinds, publicly traded peers such as Partners Group and Bridgepoint have each gained about 30% in the past year. CVC Capital Partners has also been preparing an IPO.

While perhaps best known for its successful track record backing tech firms that also included Uber, General Atlantic is also active in consumer, health care, and financial services. The firm closed its sixth growth equity fund at $7.8bn in 2021.

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Arctos have acquired a minority common equity stake in French champions Paris Saint-Germain, the Ligue 1 club. Arctos would buy a 12.5% stake which values PSG at $4.32bn. Arctos will be a non-controlling owner and will not have any influence on any on-field sporting matters.

PSG said Arctos’s investment will go towards growing the club’s operations and supporting their real estate initiatives, including the stadium and training centre. Qatar Sports Investments, who bought PSG in 2011, will continue to have full control of the club and its decision-making.

“As a club and institution, we are entering the next exciting phase of PSG’s growth and development, both on and off the pitch – which is based on long-term ambitions and attaining excellence in everything we do,” PSG president Nasser Al Khelaifi said in a statement.

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