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GTCR wraps up 12th PE fund at $5.25 bln

GTCR has closed its oversubscribed twelfth buyout fund at $5.25 billion, beating its $4.5 billion target.

After launching in May 2017, GTCR Fund XII reached its hard cap after only five months.

The fund’s limited partners include public pension funds, endowments, foundations and funds of funds.

GTCR will target investments in high growth sectors that include business services, technology, media and telecommunications, healthcare and financial services and technology.

In January 2014, GTCR closed its eleventh buyout fund at $3.85 billion, generating a net IRR of 17.95 percent and a multiple of 1.3x, as of March 31, 2017, according to data provided by the Washington State Investment Board.

Currently, the Chicago-based private equity firm has about $13 billion in assets under management.

A white piggy bank with a pile of money. Photo courtesy of busypix/iStock/Getty Images