GTCR taps McDonough as managing director, business development

In this role, he will lead business development efforts for the firm's strategic growth fund and work with the investment teams to identify and develop investment opportunities for the fund.

  • Previously, he worked at JLL Partners where he served as managing director and head of business development
  • McDonough has also served as principal and director of business development for 3i Group plc
  • Founded in 1980, GTCR has invested more than $24 billion in over 270 companies

GTCR has named Don McDonough as managing director, business development. In this role, he will lead business development efforts for the firm’s strategic growth fund and work with members of the GTCR investment teams to identify and develop investment opportunities for the fund. He will also have responsibility for building and maintaining relationships with investment banking organizations and other advisors across GTCR’s investment domains.

GTCR closed its first strategic growth fund in January 2022 at $2 billion. The fund supports GTCR’s Leaders Strategy investment approach for smaller opportunities than those pursued by its most recent flagship fund, GTCR Fund XIII, which closed in 2020 at $7.5 billion.

“The strategic growth fund allows GTCR to apply our investment approach and domain expertise at different points in the lifecycle of a growing business,” said Sean Cunningham, managing director and co-head of healthcare at GTCR, in a statement. “Adding a seasoned business development professional like Don will help us manage the fund’s new investment opportunity set and support our management teams’ efforts to identify and complete attractive platform and add-on acquisitions.”

McDonough joins GTCR from JLL Partners where he served as managing director and head of business development for the past 10 years. While in this role, he led deal generation efforts across the firm’s aerospace & defense, business services, healthcare and industrial sector verticals. McDonough has also served as principal and director of business development for 3i Group plc. Earlier in his career, he worked at Sentinel Partners and JP Morgan Securities. He holds an MBA from Columbia Business School and a BA in politics and economics from Princeton University.

Founded in 1980, GTCR has invested more than $24 billion in over 270 companies, and the firm currently manages over $27 billion in equity capital. GTCR is based in Chicago with offices in New York and West Palm Beach.