Private-equity firm General Atlantic is teaming up with veteran credit investor Tripp Smith to launch a roughly $5 billion fund that will provide financing to companies hit by the new coronavirus pandemic, according to people familiar with the matter.
General Atlantic, which typically takes minority equity stakes in rapidly growing companies, is forming a joint venture with Mr. Smith’s credit-focused firm Iron Park Capital Partners LP, the people said. Atlantic Park, as they have dubbed the venture, will provide structured-equity…
