About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Stop Press: General Atlantic Buys ‘Significant’ Stake in Bank-Owned Markit

Subscribe to our newsletter

Greenwich, Conn.-based private equity firm General Atlantic has acquired a “significant” minority stake in bank-owned pricing and valuations supplier Markit in return for a “substantial equity investment” in the company. While the size of the stake wasn’t disclosed, it’s significant enough to warrant a board seat for General Atlantic CEO Bill Ford.

The General Atlantic investment will be used “to assist Markit actively in developing its growth strategy further and executing value-creating acquisitions.”

Markit’s ownership structure has been subject to market speculation since the US Department of Justice investigation opened an investigation into its business practices last year, with observers wondering whether the probe may incite bank owners to distance themselves from the highly successful data vendor.

The investment appears to dilute the holdings of the group of financial institutions that owns Markit, which is believed to include investment banks Bank of America, Citigroup, Credit Suisse, Deutsche Bank, Dresdner Kleinwort/Commerzbank, Goldman Sachs, JP Morgan Chase, Morgan Stanley, Nomura, TD Securities, and UBS, as well as three buy-side firms.

It isn’t clear whether the sale to General Atlantic signals an appetite for further divestment for the group. Another major bank-operated entity, the Turquoise multilateral trading facility, has sold a 60% stake to the London Stock Exchange in a sign that banks may be seeking to reduce their investments in non-core business.

For its part, General Atlantic is a growth equity firm that combines a collaborative global approach with a long-term investment horizon. It manages approximately $15 billion in capital and has more than 75 investment professionals based in Greenwich, New York, Palo Alto, London, Duesseldorf, Hong Kong, Beijing, Mumbai and Sao Paulo.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

CGS Focuses on Hard-Won Privates Expertise Amid Buzz of Startups

CUSIP Global Services is leveraging its history of servicing syndicated loans, asset-backed securities, options, derivatives and other complex asset classes as it expands into the growing private credit and alternatives space. The Norwalk, Connecticut-headquartered provider of issuer and asset identifiers is working closely with financial digital platform FactSet, the Loan Syndication and Trading Association (LSTA)...

EVENT

RepRisk Sustainability Breakfast Roundtable London

The London sustainability breakfast is part of the global roundtable thought leadership event series hosted by RepRisk in key markets, including, New York, Toronto, London, Frankfurt, Oslo, Copenhagen, Stockholm, Hong Kong and Singapore in 2026.

GUIDE

AI in Capital Markets Handbook 2026

AI adoption in capital markets has moved into a more disciplined phase. The priority is now controlled deployment: where AI can be used safely, where it can deliver measurable value, and how outputs can be governed, monitored and evidenced. The 2026 edition of the AI in Capital Markets Handbook examines how AI is being applied...