General Atlantic to push other asset classes

Ford says he thinks “the firm’s global presence will differentiate General Atlantic from other asset managers and help portfolio companies scale”. — Bloomberg

NEW YORK: General Atlantic is reorganising around three core businesses to prepare for a more aggressive expansion beyond its roots as a growth equity firm and become a bigger money manager.

“Looking to the future, there will be fewer firms, yet they will offer a greater number of solutions,” chief executive officer Bill Ford, 62, said in an interview. “We’re positioning ourselves to be one of those.”