GTCR has acquired NewWave Communications from Pamlico Capital. The acquisition was completed through GTCR’s previously established partnership with Rural Broadband Investments.

Aligned Asset Managers, a portfolio company of private equity firm GTCR, has appointed R. Barney Walker the director of institutional investments. Walker will drive Aligned’s distribution and client service activities for its member firms. He has extensive industry contacts in the institutional marketplace and will also assist Aligned in sourcing new potential investments.

GTCR has entered into a definitive agreement to acquire NewWave Communications from Pamlico Capital. The acquisition will be completed through GTCR`s previously established partnership with Rural Broadband Investments. GTCR and Spencer formed RBI in 2012 with the purpose of acquiring broadband infrastructure assets in small and mid-sized communities.

The value of U.S. announced mergers falls nearly 67% this week, while private equity-backed deals may not be as bad as they seem.

ArthroCAD said Monday that it completed a Series A round from investors including Edgar Jannotta, a former GTCR managing principal. Financial terms weren’t disclosed. Ayer, Mass.-based ArthroCad develops medical devices used in joint replacement procedures.

Payment Alliance International is up for sale and expected to draw bids from middle market private equity firms, three sources say. Bank of America Merrill Lynch is advising on the auction

Global transaction banking solutions provider Fundtech has appointed Edward Ho as president and chief operating officer. Founded in 1993, Fundtech was acquired in 2011 by Chicago-based private equity firm GTCR.

GTCR, which is midway through its tenth buyout fund, has acquired Premium Credit. The transaction closed yesterday, says Collin Roche, a GTCR MD. The seller is MBNA Europe, a unit of Bank of America Corp., a statement says. Premium’s management is also investing, Roche says.

It’s official. Bruce Rauner has retired from GTCR. Rauner, who joined the Chicago-based private equity firm in 1981, has left to devote more time to “civic and philanthropic interests,”a statement says.

Infogroup has sold its OneSource business to Cannondale Investments, which is backed by GTCR. Financial terms were not announced. Concord, Mass.-based OneSource is an online platform that provides detailed information about companies and executives. Tolman Geffs and Amir Akhavan, of The Jordan, Edmiston Group, provided financial advice to Infogroup.