GTCR

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GTCR
Type Private Ownership, Limited liability company
Founded 1980
Headquarters Chicago, Illinois
Industry Private Equity
Products Investments, private equity funds
Total assets $8 billion
Employees 40+
Website www.gtcr.com


GTCR, formerly GTCR Golder Rauner, is a private equity firm based in Chicago.[1] As of 2008, it manages more than $8 billion in equity and mezzanine capital invested in a wide range of companies and industries.[2]

The firm principally invests in high-growth industries, including business services and outsourcing, consumer products and services, health care, technology, and transaction processing.[2]

The company was founded in 1980 as Golder, Thoma & Cressey by Stanley Golder, later Golder, Thoma, Cressey, Rauner, Inc.[3]

In 1998, disagreements between the senior partners led Golder, Thoma, Cressey, Rauner, Inc. (then known as Golder, Thoma & Cressey or Golder Thoma) to split into two private equity firms: GTCR Golder Rauner (managed by Stanley Golder and Bruce Rauner) which is based in Chicago and Thoma Cressey (now Thoma Chressey Bravo), based in Chicago and San Francisco.[4] 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[5], Pennsylvania State Employee's Retirement System[6]) endowments and other institutional investors.

Following its separation from Thoma Cressey, GTCR has raised four private equity funds:

  • 1998 - Fund VI, ($870 million)
  • 2000 - Fund VII ($2.0 billion)
  • 2003 - Fund VIII ($1.8 billion)
  • 2006 - Fund IX ($2.75 billion) is currently being invested


[edit] References

  1. ^ GTCR – the firm's website
  2. ^ a b "About GTCR", company webpage
  3. ^ Stanley C. Golder, a donor profile at the UIUC website
  4. ^ "Dealmakers' boot camp; Golder Thoma: A buyout industry proving ground", Crain's Chicago Business, September, 2004 by Steve Daniels
  5. ^ Washington State Investment Board Private Equity IRR Report
  6. ^ Pennsylvania State Employee's Retirement System Detailed Holding Information


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