GTCR, a Chicago, IL-based private equity firm, closed GTCR Fund XIV, with aggregate commitments of $11.5 billion.
The fund, which had an initial target of $9.25 billion, included total limited partner commitments of $11.0 billion and a commitment from GTCR of approximately $500m. It received support from limited partners in prior GTCR funds, many of whom have invested with the firm for decades, as well as several new investors. The diverse Fund XIV investor base includes leading global endowments and foundations, public and corporate pension plans, sovereign wealth funds, financial institutions and private wealth. The predecessor fund, GTCR Fund XIII, was raised and initiated in 2020 with aggregate commitments of approximately $7.9 billion.
Founded in 1980, GTCR is a private equity firm that pioneered The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through organic growth and strategic acquisitions. GTCR is focused on investing in transformative growth in companies in the Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications sectors. Since its inception, the firm has invested more than $24 billion in over 270 companies, and the firm currently manages more than $35 billion in equity capital.
GTCR is based in Chicago with offices in New York and West Palm Beach.
FinSMEs
23/05/2023