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Laxman Pai, Opalesque Asia: GTCR, a Chicago, Illinois-based private equity firm, has raised its largest fund ever, GTCR Fund XIV, at its $11.5 billion hard cap beating an initial target of $9.25 billion.
The Fund includes total limited partner commitments of $11.0 billion and a commitment from GTCR of approximately $500 million, said a press release from the investment firm focused on leveraged buyout, leveraged recapitalization, growth capital and roll-up transactions.
The predecessor fund, GTCR Fund XIII, was raised and initiated in 2020 with aggregate commitments of approximately $7.9 billion.
According to the release, the Fund received strong 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.
"Consistent with GTCR's investment approach, The Leaders Strategy, Fund XIV will expand the firm's capacity to partner with exceptional management leaders who have strong track records of value creation to identify, acquire and build market-leading companies in its core industry domains of Healthcare, Technology, Media & Telecom, Business & Consumer Services, and Financial Services & Technology," said the release.
Dean Mihas and Collin Roche, Co-CEOs of GTCR, said: "We appreciate tr...................... To view our full article Click here
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