Chicago-based private equity firm GTCR held the final closing of its eleventh buyout fund, at $3.85 billion.
GTCR Fund XI, which had a target of $3.25 billion, was oversubscribed and backed by public pension funds, endowments, foundations, fund of funds and individuals, including GTCR professionals.
Led by David Donnini and Phil Canfield, Fund XI will focus on companies across high-growth sectors, including Financial Services & Technology, Healthcare and Information Services & Technology.
Founded in 1980, GTCR has invested more than $10 billion in over 200 companies. The firm currently has approximately $11 billion in assets under management.