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Investors - JULY 27, 2021

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GTCR announces strategic investment from Blackstone 

by Andrea Zander

GTCR LLC and Blackstone jointly announced a new partnership in which funds managed by Blackstone’s GP Stakes business will acquire a minority ownership interest in GTCR. Blackstone’s GP Stakes business specializes in value-added, long-term partnerships with leading private-market alternative asset management firms.

GTCR is a growth-oriented private equity firm with a management-driven approach and business-building investment orientation. In 2020, GTCR closed on its thirteenth equity fund, GTCR Fund XIII, with $7.5 billion of limited partner capital commitments. The partnership will provide GTCR’s portfolio companies with access to Blackstone’s group purchasing program, which leverages the buying power of the $150 billion revenue base across Blackstone’s entire investment platform. GTCR also will have access to a wide range of other services Blackstone provides internally and to its portfolio companies that leverage Blackstone’s scale and expertise, including its

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