GTCR Raises $5.25B For Oversubscribed Twelfth PE Fund

Private equity company GTCR has raised a total of $5.25 billion in capital commitments for its twelfth buyout fund, easily surpassing its $4.5 billion target and hitting its hard cap after only five months in the market. 

The new fund, named GTCR Fund XII, was quickly oversubscribed, the company said in a statement. As with its predecessors, Fund XII will seek to partner with management leaders who have strong track records of equity value creation in high growth sectors, including Business Services, Technology, Media & Telecommunications, Healthcare and Financial Services & Technology.

Fund XII is the largest in the firm's 37-year history, the statement added. More than 85% of commitments to the new fund came from existing investors, GTXR said, with most increasing the size of their commitment versus prior funds. Investors in Fund XII include public pension funds, endowments, foundations, funds of funds and individuals, including GTCR professionals.

Founded in 1980 and based in Chicago, GTCR is a leading private equity firm focused on leveraged buyout, leveraged recapitalization, growth capital and rollup transactions across several core sectors. Since inception, the company has invested more than $14 billion in over 200 companies and currently has approximately $13 billion in assets under management.