GTCR has just made a significant announcement - they're launching a new $3.6 billion investment fund. This is a huge move for the company, and it's likely to have a major impact on the market.
GTCR is known for its private equity expertise, and this new fund will allow them to invest in a wide range of companies. The $3.6 billion investment is a significant amount of money, and it's a clear indication of GTCR's confidence in the market.
This new fund is a testament to GTCR's success and reputation as a leading private equity firm. With a strong track record of investments, they're well-positioned to make the most of this new opportunity.
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Investments
GTCR invests through private limited partnerships, which attract a variety of institutional investors, including pension funds and endowments.
Some of GTCR's notable private equity funds include Fund VI, which raised $870 million in 1998, and Fund VII, which raised $2 billion in 2000.
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GTCR has a history of raising large funds, with Fund X raising $3.25 billion in 2011 and Fund XI raising $3.85 billion in 2014.
The firm's most recent funds have been even larger, with Fund XIII raising $7.5 billion in 2020 and Fund XIV raising $11.5 billion in 2023.
Here's a list of some of GTCR's private equity funds and their respective commitments:
- Fund VI ($870 million, 1998)
- Fund VII ($2 billion, 2000)
- Fund VIII ($1.8 billion, 2003)
- Fund IX ($2.75 billion, 2006)
- Fund X ($3.25 billion, 2011)
- Fund XI ($3.85 billion, 2014)
- Fund XII ($5.25 billion, 2017)
- Fund XIII ($7.5 billion, 2020)
- Fund XIV ($11.5 billion, 2023)
GTCR also offers a strategic growth fund, with its second fund, SGF II, raising approximately $3.6 billion.
Announces $3.6 Billion Strategic Growth Fund II
GTCR, a leading private equity firm, announced the final close of Strategic Growth Fund II with approximately $3.6 billion. This significant milestone marks a major achievement in the firm's history.
GTCR's Strategic Growth Fund II is a substantial investment vehicle that will enable the firm to pursue new opportunities in the market. The fund's size and scope will undoubtedly make a significant impact on the private equity landscape.
The fund's final close brings GTCR's total assets under management to a significant level, demonstrating the firm's commitment to growth and expansion.
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Company Details
GTCR is a private equity firm based in Chicago, Illinois. They were founded in 1980 by Stanley Golder and Robert Magnifico. GTCR has a long history of investing in growth-oriented companies.
GTCR has invested in a wide range of industries, including technology, healthcare, and financial services. They have a strong track record of creating value through operational improvements and strategic acquisitions.
LLC Managing Director
Stephen Jeschke is the Managing Director of GTCR LLC. He holds this position.
The Managing Director of GTCR LLC is responsible for overseeing the company's operations and strategy.
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LLC Employment Numbers
GTCR LLC has a relatively small workforce, with 222 people employed at the company.
This number is a good indicator of the company's size and scope, suggesting that it's a mid-sized organization.
GTCR LLC's employment numbers are a key aspect of its overall operations and impact on the community.
The company's workforce is likely composed of a diverse range of professionals, including investment managers, analysts, and administrative staff.
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Naics Code for LLC
GTCR LLC's NAICS code is 52391, which is a specific code for investment banks and securities dealers.
The company also has a broader NAICS code of 523, which encompasses a range of industries related to finance and insurance.
GTCR LLC's NAICS code of 523910 specifically refers to private equity firms.
In addition to these codes, GTCR LLC is also classified under the more general NAICS codes of 5239 and 52.
SIC Code for LLC
GTCR LLC has a SIC code of 67, 679.
The SIC code is a crucial piece of information for any business.
It's used to classify businesses by industry and is often required for tax purposes and other official documents.
Knowing the SIC code for GTCR LLC can be helpful for researchers or individuals looking to understand the company's focus.
The SIC code is a numeric code that provides a quick way to identify a company's main business activity.
Frequently Asked Questions
What is the legal name of GTCR?
The legal name of GTCR is Golder, Thoma, Cressey, Rauner, Inc. This name was used until the firm split into two separate entities in 1998.
How much does a vice president at GTCR make?
A Vice President at GTCR can expect an estimated total pay of $185K-$293K per year, including base salary and additional compensation. This range reflects the company's competitive offering for senior leadership roles.
Sources
- https://en.wikipedia.org/wiki/GTCR
- https://www.prnewswire.com/news-releases/gtcr-announces-promotions-and-new-team-appointments-302271498.html
- https://www.prnewswire.com/news-releases/heritage-group-joins-gtcr-as-investor-in-equiti-302243049.html
- https://rocketreach.co/gtcr-llc-profile_b5c6bc66f42e0ceb
- https://recognize.com/recognize-gtcr-to-acquire-tranzact/
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