Private | |
Industry | Private Equity |
Founded | 1980 |
Founder | Stanley Golder, Carl Thoma, Bryan Cressey, Bruce Rauner |
Headquarters |
300 North LaSalle Chicago, Illinois, United States |
Products | Leveraged buyout, Rollup |
Total assets | $11 billion |
Number of employees
|
80+ |
Website | www.gtcr.com |
GTCR LLC is a private equity firm focused on leveraged buyout, leveraged recapitalization, growth capital and rollup transactions. Since 1980, GTCR has invested more than $10 billion in over 200 companies.
The firm principally invests in high-growth industries, including financial services & technology, healthcare, information services & technology, and growth business services.
The fund employs The Leaders Strategy™, which involves recruiting experienced management teams to run their portfolio companies.
The firm is based in Chicago and has more than 80 employees, including over 40 investment professionals.
The company was founded in 1980 as Golder Thoma & Co. by Stanley Golder and Carl Thoma. In the 1970s, Golder built the private equity program at First Chicago Corp. where he is noted primarily for backing Federal Express and for efforts as chairman of the National Venture Capital Association and the National Association of Small Business Investment Companies to change federal laws allowing pensions to invest in private equity. Golder Thoma received much of its initial funding from William M. Blair and upon leaving First Chicago, Golder was replaced by John A. Canning, Jr. who would go on to found rival Chicago private equity firm Madison Dearborn.
In 1984, after recruiting Bryan Cressey to join the firm from First Chicago, the firm's name was changed to Golder Thoma Cressey and with the promotion of Bruce Rauner to partner the firm would come to be known as Golder, Thoma, Cressey, Rauner, Inc. (GTCR), although it would still often be referred to as Golder Thoma.
In 1998, disagreements between the senior partners led Golder, Thoma, Cressey, Rauner, Inc. split into two private equity firms. Both firms continue to invest primarily through consolidations of specific industries, referred to as roll-ups: