General Atlantic’s IPO Drought Puts Pressure on Fundraising Drive

Some of the tech leaders traveling to the Middle East this week might be able to get travel tips on the region from investors at General Atlantic. The New York–based growth equity investor opened offices in Riyadh and Abu Dhabi last year to make more investments in local startups after getting cash from the region’s vast oil coffers.

A recent investor update I obtained from General Atlantic, which manages more than $100 billion, shows why firms need to go to extra lengths to please investors these days.