GTCR Closes $3.85 Billion Buyout Fund
January 27, 2014
Leading private equity firm exceeds target.
GTCR today announced the final closing of its eleventh buyout fund, GTCR Fund XI, with $3.85 billion of equity capital commitments.
The fund, which had a target of $3.25 billion, was oversubscribed, resulting in fundraising activity culminating relatively quickly after the fund’s initial launch in June 2013.
“The firm is gratified by the strong support we received from existing and new investors for Fund XI,” said Phil Canfield, GTCR managing director. “This is our largest fund to date and the successful close further supports our investment strategy, which we have pursued for more than 30 years.”
Since 1980, GTCR has invested more than $10 billion in over 200 companies. The firm currently has approximately $11 billion in assets under management.
Consistent with GTCR’s Leaders Strategy™ of partnering with management leaders in core domains to identify, acquire and build market-leading companies, Fund XI will seek to partner with management leaders with strong track records of equity value creation. Target investments will continue to focus on companies across high-growth sectors, including Financial Services & Technology, Healthcare and Information Services & Technology.
“We have always focused on building strong relationships with our investors, through consistency, transparency and disciplined investing,” said David Donnini, GTCR managing director. “Of the 10 largest investors in Fund XI, half have been investing with GTCR since the 1980s.”
Investors in Fund XI include public pension funds, endowments, foundations, fund of funds and individuals, including GTCR professionals.
Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare and Information Services & Technology industries. The Chicago-based firm pioneered The Leaders Strategy™—finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Since its inception, GTCR has invested more than $10 billion in over 200 companies. For more information, please visit www.gtcr.com