GTCR, a leading private equity firm founded in 1980, today announced the recent closing of its first Strategic Growth Fund with $2.0 billion of limited partner capital commitments. The new fund, which launched fundraising in August 2021, was raised from investors in prior GTCR funds. GTCR expects that the Strategic Growth Fund will support its Leaders Strategy™ investment approach for smaller opportunities than those pursued by its most recent flagship fund, GTCR Fund XIII, which closed on $7.5 billion in limited partner capital commitments in 2020.
The Strategic Growth Fund will employ GTCR’s Leaders Strategy™ investment approach, which it has applied and refined over several decades. This strategy is centered on GTCR’s ability to find and partner with exceptional management leaders in its core domains to identify, acquire and build market leading companies through transformational acquisitions and organic growth. It is expected that Strategic Growth Fund investments will range from approximately $50 million to $200 million of equity over time. GTCR continues to focus primarily on four key industry sectors for the Strategic Growth Fund and other funds. These are areas in which GTCR has developed deep vertical expertise and investment experience over decades, and include Financial Services and Technology, Growth Business Services, Healthcare, and Technology, Media & Telecommunications.
The close of the Strategic Growth Fund is also reflective of GTCR’s growth strategy, which includes the recently announced opening of offices in New York and West Palm Beach. In line with the expansion of its office footprint, GTCR also continues to invest in growing and enhancing the depth, experiences and diversity of its investment and non-investment professional team.
Read more: PR Newswire
