General Atlantic and Iron Park to raise $5bn for fund targeting COVID-19 impacted companies: WSJ

General Atlantic and Iron Park Capital Partners are launching a $5 billion fund that will focus on providing financing to companies hit by the COVID-19 pandemic, reported the Wall Street Journal.

General Atlantic and Iron Park Capital Partners are launching a $5 billion fund that will focus on providing financing to companies hit by the COVID-19 pandemic, reported the Wall Street Journal. General Atlantic “typically takes minority equity stakes in rapidly growing companies” while Iron Park is a credit-focused firm.

Source: WSJ