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GTCR Appoints Don McDonough to Lead Business Development for its Strategic Growth Fund

Experienced Private Equity Executive Joins Growing Team of ProfessionalsCHICAGO, Sept. 7, 2022 /PRNewswire/ -- GTCR, a leading private equity firm, announced today that Don McDonough has joined the firm 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. Mr. McDonough comes to GTCR with over 20 years of experience in the financial services industry and over a decade spent in business development for private equity.
GTCR Appoints Don McDonough to Lead Business Development for its Strategic Growth Fund
GTCR closed its first Strategic Growth Fund in January 2022 with $2.0 billion of limited partner capital commitments. The fund supports GTCR's Leaders Strategya?? investment approach for smaller opportunities than those pursued by its most recent flagship fund, GTCR Fund XIII, which closed in 2020 with $7.5 billion in limited partner capital commitments. The firm's Leaders Strategya?? approach involves partnering with exceptional management leaders in its core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. GTCR has successfully applied the Leaders Strategya?? for several decades and maintains a culture of partnership with management teams as they build strategically attractive businesses over time. To date, the Strategic Growth Fund has made several investments in partnership with experienced executives in its core industry sectors. Investment opportunities appropriate for the Strategic Growth Fund range from $50 million to $200 million of equity capital over time. GTCR's investment strategy typically involves multiple add-on acquisitions for each platform company, and those often involve the commitment of incremental equity capital in support of acquisitions and other growth initiatives.
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