GTCR, a private equity firm, has closed its inaugural Capital Solutions Fund with approximately $1.25 billion in aggregate commitments. Limited partner commitments came almost exclusively from existing, long-term investors in other GTCR funds.
The fund will invest in minority structured equity and debt opportunities, primarily in the middle market, often providing funding for mergers and acquisitions and other growth initiatives. The fund will target companies within GTCR’s core industry domains, prioritizing businesses with recurring revenues and strong free cash flow generation.
GTCR has invested more than $35 billion in over 300 companies since its founding in 1980, and the firm currently manages approximately $45 billion in equity capital.
Support: Kirkland & Ellis served as legal advisor to GTCR.
KEY QUOTES:
“The close of our first Capital Solutions Fund represents an important extension of GTCR’s strategy, allowing us to pursue a broader set of non-control opportunities where we can partner with excellent management teams in high-quality companies in our core industry domains.”
Dean Mihas and Collin Roche, Co-CEOs, GTCR
“We are grateful for the strong support from our limited partners, the vast majority of whom are longstanding GTCR investors. We believe this Fund is well-positioned to address a growing need in the market for structured minority capital solutions with attractive risk-adjusted return profiles.”
Jodi Rubenstein, Managing Director and Head of Investor Relations, GTCR
