Breaking news

General Atlantic Appoints Novak Djokovic As Global Strategic Advisor

General Atlantic has appointed tennis icon Novak Djokovic as a global strategic advisor, bringing one of the most accomplished athletes in modern sport into its leadership circle as the firm expands its focus on wellness, innovation and sports-related investing.

Why Djokovic Fits The Mandate

According to a General Atlantic press release, Djokovic will work closely with the firm’s leadership, portfolio companies and investors, contributing perspectives on leadership, resilience and innovation. For a private equity and growth equity platform built on identifying durable long-term trends, the move is as symbolic as it is strategic.

The announcement arrives just days before Djokovic is due to compete at Wimbledon, where he is pursuing a record-extending 25th Grand Slam title. The timing underscores the duality of Djokovic’s brand: still an elite competitor on the court, while increasingly active as an investor and operator off it.

A Growing Portfolio In Health And Wellness

Djokovic’s interests already extend well beyond tennis. He has backed a range of wellness-focused businesses, including Waterdrop, co-founded the supplement company SILA in 2024, and later helped launch the clean snack brand Cob Foods in 2025. He has also supported the wearables company Incrediwear.

That track record gives General Atlantic a credible entry point into the health and wellness economy, one of the most resilient consumer themes in private markets. As Bloomberg reported, the firm aims to leverage Djokovic’s network to broaden its reach in the sector.

Private Equity’s Growing Interest In Sport

General Atlantic is also expanding its presence in sports investing. Over the past two years, the firm has acquired stakes in a football club, a sports stadium and a sports media agency, reflecting broader interest from private capital in sports, entertainment and related infrastructure.

Tennis has also attracted growing investor attention, with General Atlantic becoming one of the latest firms to expand into the sector.

Speaking to Bloomberg, General Atlantic Chief Executive Bill Ford said Djokovic has “strong views about how professional tennis can be reshaped,” adding that “there’ll be opportunities there.”

Bitcoin Surges 23% In A Week As Investor Optimism Returns

Bitcoin was on track for a weekly gain of around 23% on Friday as a series of positive macroeconomic and policy developments boosted investor sentiment.

The cryptocurrency was trading about 6% higher at roughly $77,000, up from around $62,800 at the start of the week. Crypto-related stocks also rallied, with Coinbase and Circle gaining more than 9%, while Strategy rose 7%.

Macro Factors Fuel Rally

Bitcoin’s latest surge began Wednesday after Treasury yields fell sharply following a major intervention by the U.S. Treasury in the bond market. Lower yields eased pressure on risk assets and helped trigger a broader move into cryptocurrencies.

The rally was further amplified by a major short squeeze. Around $2.7 billion in crypto short positions were liquidated, according to CoinGlass.

Max Stuedlein, head of Partnerships at Sygnum APAC, said the move reflected an alignment of macroeconomic and policy catalysts, including the Treasury’s decision to increase buybacks of longer-dated government debt.

Clarity Act Boosts Sentiment

Investor confidence improved further on Thursday as the White House and crypto industry leaders made a final push to advance the Clarity Act in the coming weeks.

The legislation is widely viewed as a potential catalyst for the crypto market, although its chances of passing remain relatively limited.

Despite the rally, bitcoin remains well below its 2026 high of $94,820 reached in January and its all-time high of $126,198, set last October.

Analysts See More Volatility Ahead

Lucy Gazmararian, founder and managing partner at Token Bay Capital, said the crypto market may be approaching the end of its bear cycle.

She expects bitcoin could experience one more decline of around 20% before the market turns, pointing to historical cycles and the recent liquidation of heavily leveraged short positions.

Gazmararian also described bitcoin as a long-term hedge against monetary debasement, while warning that its short-term price remains highly volatile and driven by market cycles.

Uol
eCredo
The Future Forbes Realty Global Properties
Aretilaw firm

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter