GTCR raises $2B for 1st strategic growth fund

GTCR LLC secured $2.0 billion in capital commitments for its first Strategic Growth Fund, which hit the fundraising market in August 2021.

The vehicle will invest about $50 million to $200 million in middle-market companies that specialize in financial services and technology; growth business services; healthcare; and technology, media and telecom. It attracted capital from limited partners that previously committed to GTCR Fund XIII, the firm's most recent flagship fund that raised $7.5 billion in 2020.

Kirkland & Ellis LLP was GTCR's legal counsel in the fundraising.