General Atlantic Set for $3 Billion Win on CVS-Oak Street Deal

General Atlantic is poised for a more than $3 billion windfall from CVS Health Corp.’s $10.6 billion deal this week for primary care provider Oak Street Health Inc., according to people familiar with the matter and Bloomberg calculations.

The growth equity-investment firm first backed Oak Street in 2015 when it was a startup. It invested $60 million in its series B funding round, the people said, asking not to be identified because the details aren’t public.

The firm also led Oak Street’s so-called crossover funding round, or its last funding round before going public, the people added. It’s ...