Private equity form GTCR has held the final close of Strategic Growth Fund II (SGF II) with approximately $3.6bn in aggregate commitments. The oversubscribed Fund surpassed its target of $2.75bn and the size of its $2.2bn predecessor which closed in 2022.
GTCR initiated fundraising for the oversubscribed fund in the autumn of 2024, and attracted limited partner commitments of $3.35bn exclusively from existing LP relationships, as well as a commitment from GTCR of $225m. Limited partners in the fund include leading public and corporate pension plans, endowments and foundations, sovereign wealth funds, insurance companies, and family offices.
The fund applies GTCR’s Leaders Strategy to investment opportunities in the middle- and lower-middle market, with equity investments expected to range between $50m and $250m. GTCR pursues a value-added, growth-oriented approach to building great businesses with the new fund set to focus on the firm’s core industry domains of Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications.
Kirkland & Ellis served as legal advisor to GTCR.
