GTCR Closes $5.25 Billion Buyout Fund
October 30, 2017
CHICAGO, IL – October 10, 2017
Leading Private Equity Firm Exceeds Target
GTCR today announced the final closing of its twelfth buyout fund, GTCR Fund XII, with $5.25 billion of limited partner capital commitments.
The fund, with a target of $4.5 billion, was quickly oversubscribed. As a result, the firm’s fundraising activity culminated in reaching the hard cap only five months after the initial launch in May 2017.
“This is the largest fund in the firm’s 37-year history,” said Managing Director Craig Bondy. “With a larger, more experienced investment team in place, we have the organizational capacity to pursue more and potentially larger-scale investment opportunities. And as our funds have grown, so has the experience and caliber of our CEO partners. We will continue to have the capital resources to support their outstanding talent and vision.”
Since 1980, GTCR has invested more than $14 billion in over 200 companies. The firm currently has approximately $13 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 XII will seek to partner with management leaders who have strong track records of equity value creation. Target investments will continue to focus on companies across high growth sectors, including Business Services, Technology, Media & Telecommunications, Healthcare and Financial Services & Technology.
“We very much appreciate the support we have received from existing as well as new investors,” added GTCR Managing Director David Donnini. “More than 85 percent of commitments to Fund XII came from existing investors, with most increasing the size of their commitment versus prior funds. The majority of the largest investors has been with us since the 1980’s. We attribute these long-term commitments to the strong relationships we’ve developed with our investors by maintaining consistency, transparency and disciplined investing.”
Investors in Fund XII include public pension funds, endowments, foundations, funds 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 Growth Business Services, Technology, Media & Telecommunications, Healthcare and Financial 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 $14 billion in over 200 companies. For more information, please visit www.gtcr.com.
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