General Atlantic led a $190 million Series C funding round for Mexican fintech Klar. This investment is part of a broader fintech boom in Mexico, which saw $865 million in venture capital across 50 deals in 2024. Klar, founded in 2019, is nearing $300 million in annual revenue and is pursuing a banking license amid regulatory changes. Mexico's fintech sector is maturing, with increased foreign investment and a focus on financial inclusion, as one-third of the population remains unbanked.

In a report Sunday (June 8) following the industry’s annual European conference, the Financial Times (FT) said private equity (PE) executives were prioritizing other methods for exiting their investments, including breaking up businesses to sell them off in smaller pieces or selling companies to themselves through “continuation funds.”. “I can’t remember in my 20 years of growth equity investing, not having an IPO window open for this kind of long period of time,” said General Atlantic Co-President Gabriel Caillaux. “That is obviously calling us to rethink not strategy, but some tactical aspects.”. According to the report, buyout firms have amassed a record backlog of unsold assets, as higher interest rates and market turmoil have made it tougher to take companies public or sell at acceptable prices, pressuring them to find other ways to provide returns to investors