PE firm GTCR closed its GTCR Fund XIV with commitments of $11.5 billion. The fund, which had an initial target of $9.25 billion, reached its hard cap. The fund includes total limited partner commitments of $11 billion and a commitment from GTCR of approximately $500 million. The predecessor fund, GTCR Fund XIII, was raised and initiated in 2020 with aggregate commitments of approximately $7.9 billion.
Consistent with GTCR’s investment approach, The Leaders Strategy, Fund XIV will expand the firm’s capacity to partner with exceptional management leaders who have strong track records of value creation to identify, acquire and build market-leading companies in its core industry domains, including healthcare.
The fund received support from limited partners in prior GTCR funds, many of whom have invested with the firm for decades, as well as several new investors. The diverse Fund XIV investor base includes leading global endowments and foundations, public and corporate pension plans, sovereign wealth funds, financial institutions and private wealth, according to a press release. Read more.
