Key Takeaways
- • General Atlantic and UBS Group AG announced a strategic partnership on May 6, 2025 focused on private credit, linking UBS's origination and advisory capabilities with General Atlantic Credit's (GA Credit) investment platform.
- • GA Credit will lead investment activities and manage a dedicated private credit team formed from GA Credit and UBS Asset Management's Credit Investments Group (CIG), which will gain the ability to source incremental private credit assets for its multi-credit strategies.
- • The partnership will focus on senior secured direct lending to companies in North America and Western Europe, spanning mid- and large-cap corporate and sponsor-backed assets.
- • The collaboration expands GA Credit's Atlantic Park strategy, which will benefit from expanded origination through UBS and strengthens UBS Investment Bank's private markets capabilities, particularly in the Americas.
- • General Atlantic manages approximately $108 billion in AUM as of March 31, 2025, and UBS manages $6.2 trillion in invested assets as of Q1 2025.
Summary
General Atlantic and UBS Group AG (NYSE: UBS) announced a strategic partnership focused on private credit opportunities, with the collaboration between UBS and General Atlantic Credit (GA Credit) intended to broaden investing clients' and borrowers' access to direct lending and other credit products. According to the announcement distributed by Business Wire, the partnership formalizes and expands a longstanding relationship between the two firms, combining UBS's advisory and investment banking origination capabilities with General Atlantic's global network, sourcing reach across industries and geographies, and its recognized leadership as a private credit investor.
Bill Ford, Chairman and Chief Executive Officer of General Atlantic, said the firms' complementary cultures position them well to scale a market-leading private credit platform. Sergio P. Ermotti, Group Chief Executive Officer of UBS, said the partnership would leverage the two firms' individual strengths to deliver a broader range of private credit solutions across private credit investing, capital markets, and asset management.
According to the release, GA Credit will be responsible for leading investment activities, drawing on UBS's origination capabilities and managing a dedicated private credit team. The collaboration is expected to unlock differentiated access to proprietary deal flow and deliver customized solutions across the capital structure and business lifecycle. It also adds a complementary strategy to Atlantic Park, which will benefit from expanded origination opportunities, and marks a significant step in UBS's growth ambitions for its Global Banking capital markets platform.
The partnership will focus on senior secured direct lending to companies in North America and Western Europe. It is expected to strengthen UBS's Investment Bank private markets capabilities, particularly in the Americas, across mid- and large-cap structures including corporate and sponsor-backed assets. The release did not disclose transaction values or fund sizes for the partnership.
Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to General Atlantic, and Latham & Watkins LLP served as legal counsel to UBS. General Atlantic, founded in 1980, supports a diversified platform spanning Growth Equity, Credit, Climate, and Sustainable Infrastructure, with approximately $108 billion in AUM as of March 31, 2025. UBS, headquartered in Zurich, is described in the release as a leading global wealth manager and the leading universal bank in Switzerland, with $6.2 trillion in invested assets as of the first quarter of 2025.
Bill Ford, Chairman and Chief Executive Officer of General Atlantic, said the firms' complementary cultures position them well to scale a market-leading private credit platform. Sergio P. Ermotti, Group Chief Executive Officer of UBS, said the partnership would leverage the two firms' individual strengths to deliver a broader range of private credit solutions across private credit investing, capital markets, and asset management.
According to the release, GA Credit will be responsible for leading investment activities, drawing on UBS's origination capabilities and managing a dedicated private credit team. The collaboration is expected to unlock differentiated access to proprietary deal flow and deliver customized solutions across the capital structure and business lifecycle. It also adds a complementary strategy to Atlantic Park, which will benefit from expanded origination opportunities, and marks a significant step in UBS's growth ambitions for its Global Banking capital markets platform.
The partnership will focus on senior secured direct lending to companies in North America and Western Europe. It is expected to strengthen UBS's Investment Bank private markets capabilities, particularly in the Americas, across mid- and large-cap structures including corporate and sponsor-backed assets. The release did not disclose transaction values or fund sizes for the partnership.
Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to General Atlantic, and Latham & Watkins LLP served as legal counsel to UBS. General Atlantic, founded in 1980, supports a diversified platform spanning Growth Equity, Credit, Climate, and Sustainable Infrastructure, with approximately $108 billion in AUM as of March 31, 2025. UBS, headquartered in Zurich, is described in the release as a leading global wealth manager and the leading universal bank in Switzerland, with $6.2 trillion in invested assets as of the first quarter of 2025.
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