News Digest: General Atlantic to acquire Iron Park Capital Partners
October 25, 2022
General Atlantic, a leading global growth equity firm, is acquiring Iron Park Capital Partners, LP (“Iron Park”), a global investment manager with deep experience across public and private credit markets, a media release said.
The new entity would be known as General Atlantic Credit, which will enhance the firm’s ability to provide creative capital solutions to high-quality companies in need of a strategic partner at multiple stages of corporate and economic lifecycles. Tripp Smith, CEO and founder of Iron Park, will be CEO of GA Credit.
Iron Park currently offers a range of credit solutions designed to meet the specific needs of investors and borrowers. The firm’s investment offerings include funds that invest in both the public and private credit markets, including Atlantic Park, a joint venture formed with General Atlantic in 2020. To date, the joint venture has committed over $2.2 billion to 13 companies.