Insight

GTCR racks up $11.5bn for fourteenth fund

GTCR Fund XIV's limited partners include global endowments and foundations, public and corporate pension plans, sovereign wealth funds and financial institutions.

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  • GTCR’s previous fund raised about $7.9 billion in 2020
  • Kirkland & Ellis served as legal advisor to GTCR
  • Based in Chicago, GTCR currently manages more than $35 billion in equity capital

GTCR has closed its fourteenth fund at a hard cap of $11.5 billion, beating its $9.25 billion target.

GTCR Fund XIV’s limited partners include global endowments and foundations, public and corporate pension plans, sovereign wealth funds and financial institutions.

GTCR’s previous fund raised about $7.9 billion in 2020.

On behalf of the firm, Dean Mihas and Collin Roche, Co-CEOs of GTCR, said in a statement, “We appreciate tremendously the support from our limited partners. That support is invaluable to us in working with our management partners to build great businesses through transformational growth and add-on acquisitions. This committed equity capital of Fund XIV positions GTCR and its investment teams with the resources to invest through periods of uncertainty and varied economic conditions.

Kirkland & Ellis served as legal advisor to GTCR.

Founded in 1980, GTCR targets companies in the business and consumer services, financial services and technology, healthcare and technology and media and telecommunications sectors. Based in Chicago, GTCR currently manages more than $35 billion in equity capital.