General Atlantic Service Company, L.P. (New York)
General Atlantic Service Company, L.P. is a large advisory firm based in New York. It manages $30.7 billion of regulatory assets for 98 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Connecticut, and New York.
General Atlantic Service Company provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and investment advisory services to clients who serve as limited partners of private funds. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
General Atlantic Service Company: assets under management
The assets under management (AUM) of General Atlantic Service Company, L.P. is $30.7 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 50% since the beginning of its operation, and $13.49 billion of the total AUM is attributable to clients outside of the United States.
Investments
The firm invests in pooled investment vehicles the most. They account for 100% of the total AUM.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay General Atlantic Service Company, L.P. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
What kind of clients General Atlantic Service Company serves?
The firm provides services to insurance companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of General Atlantic Service Company is pooled investment vehicles with 73 clients and $11.36 billion of assets under management. Among the 8 most similar advisory firms, General Atlantic Service Company has the lowest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $18.83 billion for 158 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 42% of the firm’s clients are foreign persons or businesses.
General Atlantic Service Company also advises several private funds. Namely, one other private fund and ninety nine private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $100,000,000.
Careers at General Atlantic Service Company, L.P.
The company employs 354 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 15 indirect owners.Based in New York
The principal office where General Atlantic Service Company, L.P. performs its advisory services is located at 55 East 52 Nd Street, New York, NY 10055, which is also the mailing address of the firm. An additional office of the firm is in Palo Alto, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (212) 715-4000 or by fax (212) 759-5708. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at generalatlantic.com.
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