GTCR
American private equity firm From Wikipedia, the free encyclopedia
American private equity firm From Wikipedia, the free encyclopedia
GTCR LLC is a Chicago, Illinois-based private equity firm focused on leveraged buyout, leveraged recapitalization, growth capital and rollup transactions. The firm principally invests in high-growth industries, including financial services & technology, healthcare, information services & technology, and growth business services.
| |
 Headquarters at 300 North LaSalle in Chicago | |
| Company type | Private |
|---|---|
| Industry | Private equity |
| Founded | 1980 |
| Founders |
|
| Headquarters | 300 North LaSalle Chicago, Illinois, United States |
| Products | Leveraged buyout, Rollup |
| AUM | US$35 billion (2023) |
Number of employees | 154 (2023) |
| Website | gtcr |
Since 1980, GTCR has reportedly invested more than $15 billion in over 200 companies.[1] As of 2021, the firm has more than 80 employees, including over 40 investment professionals.
The company was founded in 1980 as Golder Thoma & Co. by Stanley Golder, Carl Thoma, and Bryan Cressey.[2] In the 1970s, Golder built the private equity program at First Chicago Corp.[3] where he is noted primarily for backing Federal Express and for efforts as chairman of the National Venture Capital Association and the National Association of Small Business Investment Companies to change federal laws allowing pensions to invest in private equity.[4][5] Golder Thoma & Cressey received much of its initial funding from William M. Blair and upon leaving First Chicago, Golder was replaced by John A. Canning, Jr. who would go on to found rival Chicago private equity firm Madison Dearborn.
The firm became Golder Thoma & Cressey in 1984, and with the promotion of Bruce Rauner to partner the firm would come to be known as Golder, Thoma, Cressey, Rauner, Inc. (GTCR), although it would still often be referred to as Golder Thoma.[6]
In 1998, disagreements between the senior partners led Golder, Thoma, Cressey, Rauner, Inc. split into two private equity firms. Both firms continue to invest primarily through consolidations of specific industries, referred to as roll-ups:
GTCR invests through a series of private limited partnerships and its investors include a variety of pension funds (e.g., Washington State Investment Board,[11] Pennsylvania State Employee's Retirement System[12]) endowments and other institutional investors.
Following its separation from Thoma Cressey (discussed above), GTCR has raised seven private equity funds totaling $20 billion in limited partner commitments:
In August 2023, it was announced GTCR had acquired the Basingstoke and Paris-headquartered compliance and supply chain management software platform, Once For All, from Warburg Pincus for an undisclosed amount.[16]
In September 2023, it was announced GTCR had acquired the Fairfield, Connecticut-based foundation software provider for private foundations and charitable advisors, Foundation Source.[17]
In October 2023, GTCR acquired the commercial security, fire and life safety business unit of ADT Inc. for $1.6 billion.[18][19]
In December 2023, GTCR acquired Cloudbreak Health from UpHealth for $180 million.[20]
Seamless Wikipedia browsing. On steroids.
Every time you click a link to Wikipedia, Wiktionary or Wikiquote in your browser's search results, it will show the modern Wikiwand interface.
Wikiwand extension is a five stars, simple, with minimum permission required to keep your browsing private, safe and transparent.
