GTCR Announces $3.6 Billion Strategic Growth Fund II

CHICAGO, Feb. 20, 2025 /PRNewswire/ -- GTCR, a leading private equity firm, announced the final close of Strategic Growth Fund II ("SGF II" or the "Fund") with approximately $3.6 billion in aggregate commitments. GTCR initiated fundraising in the fall of 2024, and the oversubscribed Fund surpassed its target of $2.75 billion. The predecessor fund, Strategic Growth Fund I, closed in 2022 with aggregate commitments of approximately $2.2 billion.

SGF II received limited partner ("LP") commitments of $3.35 billion exclusively from existing LP relationships, as well as a commitment from GTCR of $225 million. 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 $50 million and $250 million. GTCR pursues a value-added, growth-oriented approach to building great businesses. Consistent with The Leaders Strategy™, SGF II will leverage the firm's resources to partner with exceptional management leaders who have strong track records of value creation to build and transform market-leading companies in GTCR's core industry domains of Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications.

"We are fortunate to have an exceptionally high-quality group of limited partners, many of whom have invested with GTCR for decades. We are grateful for their ongoing support and partnership in SGF II," stated Jodi Rubenstein, Managing Director and Head of Investor Relations. "SGF II will allow GTCR to continue to build upon its long track record of applying the Leaders Strategy™ to build and transform businesses of all sizes."

On behalf of the firm, Dean Mihas and Collin Roche, Co-CEOs of GTCR, commented:

"We greatly appreciate the strong support from our limited partners. For more than four decades, GTCR's approach has been to build deep vertical domain expertise and broad executive relationships in our core industries as a precursor to identifying and consummating differentiated investments. Our approach enables us to partner with and support high-caliber, experienced management leaders in pursuing opportunities for transformation, including corporate carve-outs, transformational mergers, founder succession and growth through acquisition strategies. We are growth-oriented, value-added investors who work collaboratively with our management partners to achieve long-term goals. The support from our limited partners in SGF II is invaluable to us and our management partners in building great businesses through transformational growth and add-on acquisitions."

Kirkland & Ellis served as legal advisor to GTCR.

About GTCR
Founded in 1980, GTCR is a leading private equity firm that pioneered The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through organic growth and strategic acquisitions. GTCR is focused on investing in transformative growth in companies in the Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications sectors. Since its inception, GTCR has invested more than $30 billion in over 280 companies, and the firm currently manages more than $45 billion in equity capital. GTCR is based in Chicago with offices in New York and West Palm Beach. For more information, please visit www.gtcr.com. Follow us on LinkedIn.

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SOURCE GTCR