Report: GTCR to Close $3B Second Strategic Growth Fund in Early 2025

GTCR is expected to close in early 2025 on its second mid-market buyout fund with a $3B target, Buyouts reported December 16, citing sources familiar with the offering.

The Chicago-based private equity firm launched GTCR Strategic Growth Fund II in September, with the hard cap not disclosed. The new fund follows on from the firm’s first strategic growth fund, which made a $2B close in January 2022 with a strategy of making smaller investments – of between $50M and $200M – than its flagship funds.

The series is focused on investments in the financial services and technology; growth business services; healthcare; and technology, media, and telecommunications sectors. The new fund will target up to 18 investments, the sources told Buyouts.

Written By: Dakota

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