General Atlantic’s Climate-Focused Fund Collects Over $2bn

BeyondNetZero, the climate-change-focused venture launched last year by growth investor General Atlantic, has raised just over half of the $4bn it was hoping to secure for its debut fund, according to a filing with the Securities and Exchange Commission.

The fund, General Atlantic BnZ Companion Fund LP, has collected $2bn so far, which includes capital committed by the general partner themselves, the filing shows.

Firm launched strategy last year to invest in companies which help organizations meet or exceed net-zero emission targets.

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General Atlantic is a leading global growth equity firm with more than four decades of experience providing capital and strategic support for over 445 growth companies throughout its history.

Established in 1980 to partner with visionary entrepreneurs and deliver lasting impact, the firm combines a collaborative global approach, sector-specific expertise, a long-term investment horizon, and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to scale innovative businesses around the world.

General Atlantic currently has over $84bn in assets under management inclusive of all products as of December 31, 2021, and more than 215 investment professionals based in New York, Amsterdam, Beijing, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai, Singapore, Stamford and Tel Aviv.

Source: Wall Street Journal

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