General Atlantic to acquire Actis, creating a $96 billion AUM diversified global investment platform with a focus on sustainable infrastructure

General Atlantic's acquisition of Actis, announced January 16, 2024, immediately creates a $96 billion AUM investment platform, significantly expanding General Atlantic's footprint beyond its current $83 billion AUM. This move strategically integrates Actis's established expertise in sustainable infrastructure, particularly its focus on emerging markets, into General Atlantic's growth equity portfolio. The commercial logic centers on General Atlantic diversifying its private markets capabilities, adding a specialized asset class that complements its existing investments in digital infrastructure and energy. Actis benefits by gaining access to General Atlantic's broader capital base and global network, accelerating its sustainable infrastructure development. This transaction represents a clear strategic pivot for General Atlantic into a dedicated infrastructure vertical, leveraging Actis's deep sector knowledge and operational track record. General Atlantic, a global growth equity firm with over $83 billion in assets under management, broadens its investment scope by acquiring Actis, a global firm specializing in sustainable infrastructure and emerging markets. This acquisition brings Actis's approximately $13 billion in AUM and its specific focus on developing infrastructure assets to General Atlantic's existing high-growth company investments. The transaction involved a robust advisory lineup: Morgan Stanley and J.P. Morgan Securities LLC advised General Atlantic, while Goldman Sachs and Campbell Lutyens advised Actis. Campbell Lutyens, having raised over $300 billion for funds and completed $100 billion in secondary transactions, brings significant private capital advisory experience to the seller's side. Legal counsel for General Atlantic included Ashurst LLP, a firm with £879 million in FY23 revenue, and Paul, Weiss, Rifkind, Wharton & Garrison LLP, while Kirkland & Ellis advised Actis. This concentration of top-tier financial and legal advisors underscores the strategic importance and complexity of integrating a dedicated sustainable infrastructure platform into a growth equity powerhouse.