GTCR aims to replicate its middle market success by targeting smaller investments in financial services, technology, healthcare, and telecommunications. To that end, the Chicago firm is seeking to raise at least $2.75 billion for its second growth strategy fund. GTCR expects to close Strategic Growth Fund II by the end of January after a mere five months of formal fundraising, according to LP documents. Investors are increasingly directing their investments towards a smaller group of highly regarded, established private equity fund managers, prioritizing quality over diversified portfolios. GTCR, boasting a cumulative IRR of 26.3 percent since its 1980 inception, appears to be one of those preferred destinations.
Read the full article: GTCR Seeks $2.75B for Smaller Mid-Market Deals //
Source: https://www.themiddlemarket.com/news-analysis/gtcr-seeks-2-75b-for-smaller-mid-market-deals