GTCR names long-serving exec Hollander as latest managing director


US private equity major GTCR has named long-serving exec Michael Hollander as managing director amid a trio of promotions at the firm.

Hollander joined Chicago-based GTCR in 2008 and became a principal in 2014. He is currently a director of Optimal Blue and Ultimus Fund Solutions.

Stephen McMaster, who also joined in 2008, and 2014 hire KJ McConnell become principals at the firm.

GTCR managing director Craig Bondy said, “Mike, Stephen and KJ have demonstrated remarkable domain expertise and commitment to the success of our portfolio companies and the overall growth of the firm.

“GTCR’s leadership team is thrilled to recognize the exceptional work of these three senior investment professionals, and we look forward to their continued contributions to the firm.”

GTCR, which was founded in 1980, focuses on buyout deals in the growth business services, TMT, healthcare and financial services sectors.

The firm soared past its its most recent fundraising target in 2017 to close GTCR Fund XII on $5.25bn.

Last month GTCR bought back into Golden Gate Capital portfolio business Cole-Parmer Instrument Company, two years after selling it to the firm.

Testing instrument maker Cole-Parmer was carved out of Thermo Fisher by GTCR in 2014, before selling it to Golden Gate in 2017.

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