GTCR, a prominent private equity firm, has successfully closed its Strategic Growth Fund II (SGF II) with approximately $3.6 billion in commitments, exceeding its initial target of $2.75 billion. Fundraising began in the fall of 2024, following the predecessor fund, Strategic Growth Fund I, which closed in 2022 with around $2.2 billion.

The new fund attracted $3.35 billion from existing limited partners (LPs), alongside a $225 million commitment from GTCR itself. The LPs include a diverse range of investors such as public and corporate pension plans, endowments, foundations, sovereign wealth funds, insurance companies, and family offices.

SGF II will utilize GTCR's Leaders Strategy™, focusing on investment opportunities in the middle- and lower-middle market, with equity investments ranging from $50 million to $250 million. The firm aims to adopt a growth-oriented approach, partnering with exceptional management leaders to build and transform companies in key sectors including Business & Consumer Services, Financial Services & Technology, Healthcare, and Technology, Media & Telecommunications.

Jodi Rubenstein, Managing Director and Head of Investor Relations, expressed gratitude for the support from a high-quality group of LPs, many of whom have been with GTCR for decades. She emphasized that SGF II will enable the firm to continue its legacy of applying the Leaders Strategy™ to enhance businesses of various sizes.

Co-CEOs Dean Mihas and Collin Roche highlighted the importance of their LPs' support, noting GTCR's four-decade history of building expertise and relationships in core industries. This foundation allows the firm to identify unique investment opportunities, including corporate carve-outs and transformational mergers, while collaborating with experienced management leaders to achieve long-term growth.

Kirkland & Ellis served as legal advisor to GTCR during this fundraising process.

Founded in 1980, GTCR has established itself as a leader in private equity, pioneering The Leaders Strategy™ to partner with management leaders and build market-leading companies through organic growth and strategic acquisitions. The firm has invested over $30 billion in more than 280 companies and currently manages over $45 billion in equity capital. GTCR operates from its headquarters in Chicago, with additional offices in New York and West Palm Beach. For more information, visit www.gtcr.com or follow them on LinkedIn.