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An experienced private equity executive joins our growing team of professionals.
Chicago, September 7, 2022 /PRNewswire/ — GTCR, a leading private equity firm, announced today Don McDonough He joined the company as Managing Director of Business Development. In this role, he will lead business development efforts for the firm’s Strategic Growth Fund and work with members of GTCR’s investment team to identify investment opportunities for the fund. He will also be responsible for building and maintaining relationships with investment banking firms and other advisors in GTCR’s areas of investment. Mr. McDonough comes to GTCR with over 20 years of experience in the financial services industry and over a decade in business development for private equity.
GTCR closed its first strategic growth fund in January 2022 with 2.0 billion dollars Limited partnership capital obligations. The fund supports GTCR’s Leaders Strategy™ investment approach for smaller opportunities followed by GTCR Fund XIII, the recent flagship fund that closed in 2020. 7.5 billion dollars With a limited commitment of partner capital. The Company’s Leadership Strategy™ approach involves identifying, acquiring and building market-leading companies through transformational acquisitions and organic growth with exceptional leadership in its core domains. GTCR has successfully implemented leadership strategies for decades and has maintained a culture of partnering with management teams as they build strategically attractive businesses over time.
To date, Strategic Growth Fund has made several investments in partnership with experienced executives in key industry sectors. Investment opportunities suitable for Strategic Growth Fund include: 50 million dollars to the 200 million dollars Equity capital over time. GTCR’s investment strategy typically includes several additional acquisitions for each platform company, and those often include the commitment of additional equity capital to support acquisitions and other growth initiatives.
“The Strategic Growth Fund allows GTCR to apply our investment approach and domain expertise at various points in the lifecycle of a growing business,” he said. Sean Cunningham, Managing Director and Associate Head of Healthcare at GTCR. “The addition of an experienced business development professional like Don will help us manage the fund’s new investment opportunities and support our management teams’ efforts to identify and complete attractive platform and additional acquisitions.”
Mr. McDonough joins GTCR from private equity firm 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 and defense, business services, healthcare and industrial verticals. Mr. McDonough previously served as CEO and Director of Business Development for global private equity firm 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 Princeton University.
Strategic Growth Fund investment opportunities are managed by investment professionals within the Company’s industry groups in collaboration with a team of investment professionals who focus primarily on strategic growth funds. Mr. McDonough joins a growing team of professionals dedicated to strategic growth funding. The senior management of the established team includes the managing director John D. CosHe has fourteen years of experience at GTCR, including several significant healthcare investments for the organization, as well as a new principal. Kirk Smith Joined earlier this year to focus on financial technology. Mr. Smith was most recently a principal at private equity firm Bregal Sagemont and was previously an associate in the special situations group at Goldman, Sachs & Co. Harvard Business School and a BS in Finance with honors from the University of Kansas.
“As a company, we will continue to invest in key resources to sustain the growing quality of our franchise. Our Strategic Growth Fund is focused on the four industry sectors in which we have invested for many years, and this fund will implement our investment approach in partnership with. Management leaders to drive transformational change: Don from inside the company He joins a talented and experienced team of professionals who support the priority of delivering superior investment performance to specific strategic growth fund partners in collaboration with existing investment teams. Aaron CohenManaging Director and Financial Services and Technology at GTCR.
About GTCR
In the year Founded in 1980, GTCR is a private equity firm that pioneered the Leaders Strategy – partnering and partnering with leaders to identify, acquire and build market-leading companies through organic growth and strategic acquisitions. GTCR is focused on investing in transformative growth companies in the business and consumer services, financial services and technology, healthcare and technology, media and telecommunications sectors. Since its inception, GTCR has invested more than 24 billion dollars In more than 270 companies, and the company currently manages 27 billion dollars in equity capital. GTCR was founded by Chicago with offices in new york and West Palm Beach. For more information please visit www.gtcr.com. Follow us on LinkedIn.
GTCR contact
Andrew Johnson
(212) 835-7042
[email protected]
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