GTCR Closes Fund 11 Above Target

GTCR Closes Fund 11 Above Target

gtcr nfGTCR has held a 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.

Investors in Fund XI include public pension funds, endowments, foundations, fund of funds and individuals, including GTCR professionals. “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 ten largest investors in Fund XI, half have been investing with GTCR since the 1980s.”

canfield nf2“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.”

As with earlier funds, Fund XI will partner with experienced senior executives to identify, acquire and build market-leading companies. Target investments will continue to focus on companies across a number of high-growth sectors, including financial services & technology, healthcare, and information services & technology.

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 $11 billion in assets under management. Since its inception in 1980, GTCR has invested more than $10 billion in over 200 companies. The firm is based in Chicago (

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