GTCR powers to $7.5bn Fund XIII close after just five months of capital raising


GTCR has powered to a $7.5bn target-beating final close for its thirteenth flagship buyout fund after just five months of fundraising.

The Chicago-based firm launched the raise in June eyeing $6.75bn, already well above the $5.25bn it collected for Fund XII in 2017.

GTCR, which celebrates its 40th anniversary this year, said a majority of the Fund XIII commitments came from existing investors, with many increasing the size of their commitments compared to prior funds.

The buyout house targets deals in the financial services and technology, growth business services, healthcare and TMT sectors.

GTCR has invested more than $18bn since 1980 in over 200 companies.

In June investment advisor Captrust hit a $1.25bn valuation thanks to a stake purchase from GTCR.

Earlier this year GTCR promoted Stephen Jeschke to managing director after nine years at the firm.

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