Private equity firm GTCR announced Monday that it will back Telecom Lease Advisors, a land lease acquisition firm. GTCR has committed up to $150 million of equity capital to fund TLA’s growth. GTCR’s investment in TLA will be made from GTCR Fund X, a private equity fund with $3.25 billion of committed capital.
GTCR, a leading private equity firm, today announced it has entered into a partnership with Telecom Lease Advisors (“TLA”), a land lease acquisition firm led by Jarred Saba and Andrew Corkern. GTCR has committed up to $150 million of equity capital to fund TLA’s growth.
“We are excited to have the opportunity to partner with the executives at TLA, Jarred Saba and Andrew Corkern, proven leaders in the acquisition of land interests underlying the key infrastructure of wireless networks,” said David Donnini, Principal at GTCR. “This investment exemplifies our strategy of partnering with industry leaders and we look forward to helping TLA leverage its deep industry expertise.”
“We believe this partnership will provide TLA with the financial means to develop further its origination capability and take the business to the next level,” said Jarred Saba, Chief Executive Officer of TLA. “We look forward to expanding both our team and our portfolio to build the company.”
GTCR’s investment in TLA will be made from GTCR Fund X, a private equity fund with $3.25 billion of committed capital.
Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare and Information Services & Technology industries. The Chicago-based firm pioneered the “Leaders Strategy” – finding and partnering with world-class leaders as the critical first step in identifying, acquiring and building market-leading companies through acquisitions and organic growth. Since its inception, GTCR has invested more than $8.5 billion in over 200 companies. For more information, please visit www.gtcr.com.
About Telecom Lease Advisors
Telecom Lease Advisors is a financial services and telecom lease consulting firm that works with telecom lease or cell tower lease owners on lease acquisition, lease negotiation, and financial or real estate issues related to telecom leases. The company’s principals have overseen the direct acquisition of over 1,000 such leases with individual real estate investors, businesses, non-profit organizations, and municipalities.