General Atlantic funds disclose 24M-share Liftoff Mobile (LFTO) position on Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
General Atlantic-affiliated funds reported a major indirect stake in Liftoff Mobile, Inc. on an initial ownership filing. The filing shows 24,011,299 shares of Common Stock held by General Atlantic (LFT), L.P., acquired through the conversion of 425,000 shares of Series A Redeemable Convertible Preferred Stock in connection with Liftoff’s initial public offering.
Multiple General Atlantic investment funds and related general partner entities share beneficial ownership of these shares through a layered partnership and LLC structure. Members of the General Atlantic partnership committee disclaim ownership of the shares except to the extent of their pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
General Atlantic (LFT), L.P., GENERAL ATLANTIC GENPAR (BERMUDA), L.P., GAP (Bermuda) L.P., General Atlantic Partners 100, L.P., General Atlantic Partners (Lux), SCSp, GAP COINVESTMENTS III, LLC, GAP COINVESTMENTS IV, LLC, GAP Coinvestments V, LLC, GAP Coinvestments CDA, L.P., General Atlantic (SPV) GP, LLC
Role
null | null | null | null | null | null | null | null | null | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock, par value $0.0001 per share ("Common Stock") | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.0001 per share ("Common Stock") — 24,011,299 shares (Indirect, See footnote)
Footnotes (1)
- Consists of 24,011,299 shares held by General Atlantic (LFT), L.P. ("GA LFT") that were acquired upon the conversion of 425,000 shares of Series A Redeemable Convertible Preferred Stock of the Issuer in connection with the Issuer's initial public offering. The following investment funds share beneficial ownership of the common shares held of record by GA LFT (collectively, the "GA Funds"): General Atlantic Partners 100, L.P. ("GAP 100"), General Atlantic Partners (Lux) SCSp ("GAP Lux"), GAP Coinvestments III, LLC ("GAPCO III"), GAP Coinvestments IV, LLC ("GAPCO IV"), GAP Coinvestments V, LLC ("GAPCO V") and GAP Coinvestments CDA, L.P. ("GAPCO CDA"). (Cont'd in FN3) (Cont'd from FN2) General Atlantic (SPV) GP, LLC ("GA SPV") is the general partner of GA LFT. General Atlantic, L.P. ("GA LP") is the sole member of GA SPV. The general partner of GAP Lux is General Atlantic GenPar (Lux) SCSp ("GA GenPar Lux"), and the general partner of GA GenPar Lux is General Atlantic (Lux) S.a. r.l. ("GA Lux"). The sole shareholder of GA Lux is General Atlantic GenPar (Bermuda), L.P. ("GenPar Bermuda"). (Cont'd in FN4) (Cont'd from F3) GA LP, which is controlled by the Partnership Committee of GASC MGP, LLC (the "GA Partnership Committee"), is the managing member of GAPCO III, GAPCO IV, and GAPCO V and the general partner of GAPCO CDA. GAP (Bermuda) LP ("GAP Bermuda"), which is also controlled by the Partnership Committee, is the general partner of GenPar Bermuda. The general partner of GAP 100 is General Atlantic GenPar, L.P. ("GA GenPar"), and the general partner of GA GenPar is GA LP. There are six members of the GA Partnership Committee. Each of the members of the GA Partnership Committee disclaims ownership of the shares except to the extent that he has a pecuniary interest therein.
Key Figures
Indirect common shares held: 24,011,299 shares
Preferred shares converted: 425,000 shares
Holding entries: 1 entry
+2 more
5 metrics
Indirect common shares held
24,011,299 shares
Common Stock indirectly held by General Atlantic (LFT), L.P.
Preferred shares converted
425,000 shares
Series A Redeemable Convertible Preferred Stock converted in IPO
Holding entries
1 entry
Transaction summary shows one holding entry and no buys or sells
Unknown transaction direction count
1
Transaction summary classifies one transaction as unknown direction
Net buy/sell shares
0 shares
Net buy/sell direction reported as neutral
Key Terms
beneficial ownership, Series A Redeemable Convertible Preferred Stock, initial public offering, pecuniary interest, +1 more
5 terms
beneficial ownership financial
"The following investment funds share beneficial ownership of the common shares held of record by GA LFT"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Series A Redeemable Convertible Preferred Stock financial
"acquired upon the conversion of 425,000 shares of Series A Redeemable Convertible Preferred Stock of the Issuer"
initial public offering financial
"in connection with the Issuer's initial public offering"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
pecuniary interest financial
"disclaims ownership of the shares except to the extent that he has a pecuniary interest therein"
indirect ownership financial
"total_shares_following_transaction ... ownership_type: "indirect""
FAQ
What stake did General Atlantic report in Liftoff Mobile (LFTO) on this Form 3?
General Atlantic-affiliated entities reported indirect ownership of 24,011,299 Liftoff Mobile common shares. These shares are held by General Atlantic (LFT), L.P. and reflect a significant pre-existing position disclosed as an initial statement of beneficial ownership rather than a new open-market transaction.
Is the Liftoff Mobile (LFTO) Form 3 a buy or sell transaction?
This Form 3 does not report a buy or sell transaction. It is an initial statement of beneficial ownership showing indirect holdings after preferred stock conversion. The transaction summary indicates no buys or sells, only a holding entry with unknown transaction direction.