Experienced Private Equity Executive Joins Growing Team of Experts
Chicago, September 7, 2022 /PRNewswire/ — GTCR, a leading private equity firm, today announced Don McDonough has joined the company as Managing Director of Business Development. In this role, he will lead the company’s strategic growth fund’s business development efforts and work with members of the GTCR investment team to identify and develop investment opportunities for the fund. She is also responsible for building and maintaining relationships with investment banking organizations and other advisors across her GTCR investment space. Mr. McDonough has over 20 years of experience in the financial services industry and over 10 years in his private equity business development.
GTCR Launches First Strategic Growth Fund January 2022 When $2 billion of the Limited Partner’s capital commitment. The fund supports GTCR’s Leaders Strategy™ investment approach and targets smaller opportunities than those pursued by its latest flagship fund, GTCR Fund XIII, which closed in 2020. $7.5 billion At the limited partner’s capital commitment. The firm’s Leaders Strategy™ approach involves partnering with superior operating leaders in core domains to identify, acquire and build market-leading companies through innovative acquisitions and organic growth. GTCR has successfully applied the Leaders Strategy™ for decades, maintaining a culture of partnership with management as they build a strategically compelling business over time.
To date, the Strategic Growth Fund has made several investments working with experienced executives from core industry sectors. Investment opportunities suitable for the Strategic Growth Fund are: $50 million To $200 million of equity capital over time. GTCR’s investment strategy typically includes multiple additional acquisitions of each platform company, often with incremental capital commitments to support acquisitions and other growth initiatives.
“The Strategic Growth Fund enables GTCR to apply its investment approach and domain expertise at different points in the lifecycle of a growing business. Sean Cunningham, Managing Director and Co-Head of Healthcare, GTCR. “The addition of seasoned business development professionals like Dong supports management’s efforts to manage the fund’s new set of investment opportunities and to identify and complete compelling platform and add-on acquisitions. can.”
McDonough joined GTCR from JLL Partners, a private equity firm, where he served as Managing Director and Head of Business Development for the past 10 years. In this role, he led deal creation efforts across the company’s aerospace and defense, business services, healthcare, and industrial sectors. Mr. McDonough also served as Principal and Director of Business Development for He3i Group plc, an international private equity firm. Early in his career, he worked at his Sentinel Partners and his JP Morgan Securities. He holds an MBA from Columbia Business School and a BA in Political Economy from Columbia University. Princeton University.
Strategic Growth Fund investment opportunities are managed both by investment professionals from the company’s industry groups and by a dedicated team of investment professionals focused primarily on the Strategic Growth Fund. McDonough joins a growing team of professionals dedicated to the Strategic Growth Fund.Dedicated team senior leaders include Managing Director John D. Kosshas 14 years of experience at GTCR and has contributed to numerous healthcare investments impacting the company, as well as serving as a new principal. Kirk Smith We joined earlier this year and are focused on financial technology. Most recently, Mr. Smith was a Principal at the equity firm Bregal Sagemount, and previously he was an Associate in the Special Situations Group at Goldman, Sachs & Co. Harvard Business School He holds a Bachelor of Arts degree in Finance with honors from the University of Kansas.
“As a company, we continue to invest significant resources to sustain the quality of our growing franchises. Our Strategic Growth Fund focuses on four industry sectors in which we have invested over the years. The fund will provide Don with the ability and experience to work with investment teams across the firm to support GTCR’s priority of delivering superior investment performance to the Limited Partners of its Strategic Growth Funds. Join our extensive team of dedicated professionals.” Aaron CohenManaging Director and Head of Financial Services & Technology, GTCR.
About GTCR
Founded in 1980, GTCR is a leading private equity firm pioneering The Leaders Strategy™. Leaders Strategy™ finds and partners with operational leaders in core domains to identify, acquire and build market-leading companies through organic growth and strategic acquisitions. GTCR focuses on investing in the transformational growth of companies in the business and consumer services, financial services and technology, healthcare and technology, media and telecommunications sectors. Since its founding, GTCR has $24 billion With over 270 companies, the company now $27 billion on own capital. GTCR is based on Chicago set up an office in New York and West Palm Beach. For more information, please visit www.gtcr.com. Follow us on LinkedIn.
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