General Atlantic Taps Escobari To Be Global Investment Committee Co-Chair

Jan 27 2017 | 8:48pm ET

Global private equity company General Atlantic has reportedly promoted Latin America managing director Martín Escobari to become a co-chairman of the company’s global investment committee.

Escobari will relocate from Brazil to New York as part of the move, according to a Reuters article citing an unidentified person with direct knowledge of the matter. He will remain head of General Atlantic's investments in Brazil.

Escobari joined General Atlantic in 2012 after a five-year stint as a managing director for Advent International. Beforehand, he was co-founder and CFO of Brazilian online retailer, which was sold in 2006.

Some of General Atlantic’s most profitable Brazilian investments came during Escobari’s watch, including information technology provider Linx, loyalty plan company Smiles, and online travel agency, the article said. 

Founded in 1980 as a family office for Duty Free International co-founder and global philanthropist Charles Feeney, General Atlantic has invested in more than 250 companies and managed $19.6 billion in assets as of June 30, 2016.

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