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GTCR closes USD3.85bn buyout fund

GTCR has held the final closing of its 11th buyout fund, GTCR Fund XI, with USD3.85bn of equity capital commitments.

The fund, which had a target of USD3.25bn, was oversubscribed, resulting in fundraising activity culminating relatively quickly after the fund’s initial launch in June 2013.
“The firm is gratified by the strong support we received from existing and new investors for Fund XI,” says 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.”
Since 1980, GTCR has invested more than USD10bn in over 200 companies. The firm currently has approximately USD11bn in assets under management.
Consistent with GTCR’s Leaders Strategy of partnering with management leaders in core domains to identify, acquire and build market-leading companies, Fund XI will seek to partner with management leaders with strong track records of equity value creation. Target investments will continue to focus on companies across high-growth sectors, including financial services & technology, healthcare and information services & technology.
“We have always focused on building strong relationships with our investors, through consistency, transparency and disciplined investing,” says David Donnini, GTCR managing director. “Of the ten largest investors in Fund XI, half have been investing with GTCR since the 1980s.”
Investors in Fund XI include public pension funds, endowments, foundations, fund of funds and individuals, including GTCR professionals.

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