GTCR Launches New Platform with Investment in Telecom Lease Advisors

GTCR has entered into a partnership with Telecom Lease Advisors, a telecom land lease acquisition firm led by Jarred Saba and Andrew Corkern. GTCR has committed up to $150 million of equity capital to fund TLA’s growth. GTCR’s investment in TLA will be made from GTCR Fund X with $3.25 billion of committed capital.

Telecom Lease Advisors is a financial services and telecom lease consulting firm that works with telecom lease or cell tower lease owners on lease acquisition, lease negotiation, and financial or real estate issues related to telecom leases. The company’s principals have overseen the direct acquisition of over 1,000 such leases with individual real estate investors, businesses, non-profit organizations, and municipalities. The company is based in Marina Del Rey, CA (www.tladv.com).

We are excited to have the opportunity to partner with the executives at TLA, Jarred Saba and Andrew Corkern, proven leaders in the acquisition of land interests underlying the key infrastructure of wireless networks,” said David Donnini, Principal at GTCR. “This investment exemplifies our strategy of partnering with industry leaders and we look forward to helping TLA leverage its deep industry expertise.”

“We believe this partnership will provide TLA with the financial means to develop further its origination capability and take the business to the next level,” said Jarred Saba, Chief Executive Officer of TLA. “We look forward to expanding both our team and our portfolio to build the company.”

GTCR pioneered the investment strategy of identifying and partnering with executives to acquire and build companies through a combination of acquisitions and internal growth. The firm currently has nearly $7 billion in assets under management. Since its inception, GTCR has invested more than $8.5 billion in over 200 companies. The firm was founded in 1980 and is located in Chicago, IL (www.gtcr.com).