NEW YORK–(BUSINESS WIRE)–General Atlantic, a leading global growth equity firm, announced today
that world-renowned economist and Nobel Laureate Michael Spence has
joined the firm as a Special Advisor.
A recognized expert in macro and micro economic growth, Dr. Spence
serves a co-chair with Joseph Stiglitz of the Commission on Global
Economic Transformation; is a Distinguished Visiting Fellow at the
Council on Foreign Relations; a member of the Advisory Board and
Co-Chair of the Asia Global Institute in Hong Kong; and is a Senior
Fellow at the Hoover Institution at Stanford University. He is also
currently a professor of economics at New York University.
Dr. Spence’s specific areas of interest include economic policy in
emerging markets and the impact of leadership on economic growth. He is
also the author of The Next Convergence: The Future of Economic
Growth in a Multispeed World.
“Diverse views are central to our evaluation of opportunity sets around
the world,” said Bill Ford, Chief Executive Officer of General Atlantic.
“Mike is a distinguished thought leader on the global economy. His
insights will significantly bolster our collective intellectual capital
and strengthen our ability to navigate trends and macroeconomic shifts,
from the globalization of entrepreneurship to digital disruption and
growth in emerging markets.”
“Powerful digital technologies are transforming economies around the
world, and we are entering an era in which China and emerging markets
have more prominence on the international stage than ever before,” said
Dr. Spence, “In a world where disruption is the new norm, General
Atlantic has a unique opportunity as a global growth investor. I look
forward to working with Bill and his colleagues and to sharing my views
with and learning from the General Atlantic network around the globe.”
From 2006 to 2010, Dr. Spence was the chairman of The Commission on
Growth and Development, an independent international body that analyzed
opportunities for global economic growth. Dr. Spence is a Rhodes Scholar
and was awarded the Nobel Memorial Prize in Economic Sciences in 2001
for his contributions to the analysis of markets with informational gaps
and asymmetries, and the dynamics of information flow. He served on the
board of the Stanford Management Company and previously served on the
boards of Genpact, MercadoLibre, and General Mills, among other public
and private companies. Dr. Spence formerly taught at Harvard University,
where he served as Dean of the Faculty of Arts and Sciences, and
Stanford University, serving as Dean of the Stanford Graduate School of
Business. He earned his Bachelor of Arts at Princeton University, a
BA/MA degree at Oxford University in mathematics, and a Ph.D. at Harvard
University in economics.
Drawing from nearly 40 years of experience investing in over 350 global
growth companies, General Atlantic partners with entrepreneurs and
management teams who are building leading, high-growth businesses. The
firm has approximately $31 billion assets under management as of
December 31, 2018. General Atlantic focuses on investments across four
sectors, including Consumer, Financial Services, Healthcare, and
Technology, with support from the firm’s global team of experts.
About General Atlantic
General Atlantic is a leading global growth equity firm providing
capital and strategic support for growth companies. Established in 1980,
General Atlantic combines a collaborative global approach, sector
specific expertise, a long-term investment horizon and a deep
understanding of growth drivers to partner with great entrepreneurs and
management teams to build exceptional businesses worldwide. General
Atlantic has more than 150 investment professionals based in New York,
Amsterdam, Beijing, Greenwich, Hong Kong, Jakarta, London, Mexico City,
Mumbai, Munich, Palo Alto, São Paulo, Shanghai, and Singapore. For more
information on General Atlantic, please visit the website: www.generalatlantic.com
Contacts
Media
Mary Armstrong
General Atlantic
[email protected]
