TRANSACTION SUMMARY

On 8 February 2024, Partners Capital Investment Group (“Partners Capital”), a global Outsourced Investment Office, announced a minority investment by investment funds managed by General Atlantic through the acquisition of a portion of the equity currently held by Partners Capital’s long-standing external shareholders and some of the founding generation partners. As part of this transaction, the current leadership team at Partners Capital will see a step change increase in their ownership of the firm that will help to lock in senior talent, with the ability for future leaders to build meaningful ownership in the firm over time.

This transaction brings together two premier investment firms, enabling Partners Capital to leverage General Atlantic’s extensive global network and capabilities as the firm cements the next generation of the firm’s leadership and continues to deliver investment excellence for its clients. General Atlantic’s patient capital model that emphasizes long-term partnership is aligned with the firm’s long-term objective to provide world- class investment outcomes. Terms of the transaction were not disclosed.

PARTNERS CAPITAL

Founded in 2001, Partners Capital is an Outsourced Investment Office acting for institutional and private clients. With more than $50 billion in assets under management, Partners Capital constructs tailored investment portfolios for its clients, leveraging its deep network of partnerships with what it believes to be leading asset managers across all major asset classes. The firm employs more than 350 people across its seven offices located in Boston, New York, London, San Francisco, Paris, Singapore and Hong Kong. The firm’s client base includes distinguished endowments and foundations across the U.S., Europe and Asia, with their missions focused on education, healthcare and the arts. Partners Capital’s private client base includes prominent ultra-high net worth families and senior members of investment firms for whom the firm manages their family endowment.

GENERAL ATLANTIC

General Atlantic is a leading global growth investor with more than four decades of experience providing capital and strategic support for over 500 growth companies throughout its history. Established in 1980 to partner with visionary entrepreneurs and deliver lasting impact, the firm 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 scale innovative businesses around the world. General Atlantic has approximately $83 billion in assets under management inclusive of all products as of December 31, 2023, and more than 280 investment professionals based in New York, Amsterdam, Beijing, Hong Kong, Jakarta, London, Mexico City, Miami, Mumbai, Munich, San Francisco, São Paulo, Shanghai, Singapore, Stamford and Tel Aviv.

ROLE

SHP acted as financial adviser to Partners Capital.