General Atlantic Service Company (GASC) manages investments for its global growth equity, credit, and sustainable infrastructure strategies. GASC manages capital for investment vehicles and accounts, including the General Atlantic Core Program, Companion Funds, Continuation Vehicles, and GA Credit Funds. Investment management services are tailored to each client's specific investment strategy and objectives. GASC also manages LP Coinvestment Vehicles and Sponsor Coinvestment Funds that invest alongside other GASC clients.
Fee Structure
GASC manages investments through various funds and investment vehicles. Here's a breakdown of how fees work for these different types of investments:
- Global Growth Equity Clients (Core Program and Companion Funds): The maximum management fee is 1.60% of committed capital during the commitment period. After the commitment period, the maximum management fee is 1.60% of the lesser of committed capital or the fair value of the investment portfolio.
- Continuation Vehicles: The maximum management fee is 1% of actively invested capital. Some vehicles offer a reduced fee after a set period.
- GA Credit Clients: The maximum management fee is 1.50% of either the aggregate acquisition cost of investments or the net asset value of the capital account.
Management fees are generally paid quarterly in advance. The management fees applicable to investors in the GA Core Program are not negotiable for investors with a commitment of less than $500 million, but the Management Fees of the other GA Clients are negotiated.