CHICAGO, October 12, 2006 — GTCR, one of the nation’s leading private equity firms, today announced the final closing of GTCR Fund IX LP with $2.75 billion in commitments.
Fund IX will invest in companies across high-growth industries, including business services, consumer products and services, healthcare, technology, and transaction processing. Consistent with GTCR’s successful investment strategy, Fund IX will partner with leading executives with track records of equity value creation.
“We’re very pleased to have completed the final closing of Fund IX,” said GTCR Managing Principal Ned Jannotta. “Our successful fundraising was a strong endorsement of our unique approach to private equity investing. We very much appreciate the terrific support and interest we received from existing limited partners as well as new investors.”
Capital for GTCR Fund IX has been primarily provided by pension funds, endowments, and foundations. Portfolio company executives and the Principals of GTCR have also made significant investments in Fund IX. GTCR, which currently manages more than $8 billion in capital, has invested in more than 150 companies over the last 25 years, 33 of which have become public companies.
Founded in 1980, GTCR Golder Rauner, LLC is a leading private equity investment firm and long-term strategic partner for outstanding management teams. The Chicago-based firm pioneered the investment strategy of identifying and partnering with exceptional executives to acquire and build companies through a combination of acquisitions and strong internal growth. GTCR currently manages more than $8 billion of equity capital invested in a wide range of companies and industries. More information about GTCR may be found at www.gtcr.com.