General Atlantic is preparing for an initial public offering in the first half of 2027, aiming for a valuation of up to $10 billion. The private equity firm, which manages approximately $129 billion in assets under management, intends to raise capital to fund expansion and compete with larger industry peers.

The move follows confidential filings made by the firm in 2023. General Atlantic had previously worked with advisers in 2022 but shelved listing plans due to high inflation and rising interest rates. Bloomberg and the Financial Times reported the renewed efforts, citing sources familiar with the matter.

Advisory teams and timeline

JPMorgan, Morgan Stanley and Goldman Sachs have been engaged to manage the potential listing. This advisory structure was revealed in August, marking a significant step toward re-entering public markets after a multi-year pause.

Asset base and operational scale

As of June 30, 2026, General Atlantic reported $129 billion in total assets under management across all strategies. The firm operates with more than 900 professionals spread across 20 countries in five regions.

Portfolio highlights

The firm’s current investments include major technology and consumer brands such as AI company Anthropic, finance platform Onestream, clinical-stage biotechnology company Nurix, and skincare brand OSEA. Previous notable exits include Airbnb, Uber Technologies and apparel retailer Shein.

In June, tennis player Novak Djokovic joined the firm as a global strategic advisor, leveraging his experience as an athlete, investor and entrepreneur.

Market context

The planned listing coincides with a robust environment for new issues. According to EY’s Global IPO Trends Q2 2026 report, U.S. IPO proceeds rose 646% year-over-year to $128 billion through June 30, despite a 35% decline in deal volume. Activity has been concentrated in semiconductor, AI and space sectors, though diversification is expected in the second half of 2026.

Private equity firm General Atlantic is making a second run at going public, reviving IPO plans that collapsed in 2022-23 amid market turmoil. The New York-based company has hired a trio of big-name investment banks — JPMorgan, Goldman Sachs, and Morgan Stanley — to work on the offering, Bloomberg reported. A debut is targeted as soon as this year, with the firm holding preliminary meetings with potential investors.

Partnership Details

The collaboration signals a strategic effort to capitalize on strengthening investor demand in public markets. General Atlantic previously worked with advisers in 2022 and filed confidentially for an IPO the following year. The firm ultimately decided not to go public due to high inflation and rising interest rates, Reuters reported at the time.

By leveraging the underwriting capabilities of JPMorgan, Goldman Sachs, and Morgan Stanley, General Atlantic seeks to streamline the process for its listing. This move underscores the continued relevance of IPOs as an exit route for private equity investors, despite broader market fluctuations in recent years.

Portfolio and Scale

General Atlantic manages approximately $129 billion in assets under management, inclusive of all strategies, as of June 30, 2026. The firm has more than 900 professionals in 20 countries across five regions.

The company currently invests in major companies including:

• AI company Anthropic
• Finance platform Onestream
• Clinical-stage biotechnology company Nurix
• Skincare brand OSEA

Previous investments include Airbnb, Uber Technologies, and apparel company Shein, Bloomberg noted. In June, tennis player Novak Djokovic joined the firm as a global strategic advisor, applying his experience as an athlete, investor, and entrepreneur.

Market Context

Many companies are looking to capitalize on public sentiment as investor demand strengthens. According to EY’s Global IPO Trends Q2 2026 report, U.S. IPO proceeds surged 646%, a year-over-year increase to $128 billion through June 30, despite a 35% decline in deal volume.

The first half of the year saw IPO activity in the semiconductor, AI, and space sectors. However, the report concluded that new listings could be more diversified going into the second half of 2026.

What the Numbers Show

The scale of General Atlantic’s $129 billion portfolio positions it as a significant entrant into the current IPO window. With U.S. IPO proceeds surging 646% year-over-year to $128 billion in the first half of 2026, the firm is timing its return to public markets amid a period of high capital inflow despite lower deal volumes. This suggests a focus on quality over quantity, aligning with the broader trend of diversified listings emerging in the latter half of the year.