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General Atlantic invests in financial information provider Markit

27 Jan 2010

US growth equity firm General Atlantic has made a “substantial” investment in Markit, a global financial information services company.

The company provides independent data, valuations and trade processing across all asset classes in order to enhance transparency, reduce risk and improve operational efficiency.

General Atlantic will assist Markit actively in developing its growth strategy further and executing value-creating acquisitions.

Bill Ford, CEO of General Atlantic, said, “Markit is an innovative, entrepreneurial firm with a great management team. As a financial information services industry leader, Markit is well-positioned to deliver the independent, high quality products and services that market participants need. We look forward to contributing to the next stage of Markit’s growth as a strategic partner.”

Since inception, Markit has expanded its product set across all asset classes and diversified its services to include valuations, economic and reference data, indices and trade processing.

General Atlantic earlier this month brought the former president of Visa, Hans Morris, on board as a special adviser to provide strategic counsel to the firm’s financial services-sector acquisition strategy.

Established in 1980, the growth equity firm manages approximately $15bn.

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