General Atlantic Is Said to Confidentially File for US IPO (1)

General Atlantic, the investment firm whose bets have included Facebook Inc. and Airbnb Inc., has confidentially filed for an initial public offering, people familiar with the matter said.

The firm is considering listing as soon as next year depending on market conditions, according to the people, who asked not be identified because the information is private.

A General Atlantic IPO would test investor sentiment toward alternative asset managers as the industry grapples with the end of the era of cheap debt that fueled easy dealmaking. Despite those headwinds, publicly traded peers such as Partners Group Holding AG and Bridgepoint ...