GTCR Appoints Don McDonough to Lead Industry Construction for its Strategic Enlargement Fund

Skilled Personal Fairness Govt Joins Rising Group of Execs

CHICAGO, Sept. 7, 2022 /PRNewswire/ — GTCR, a number one non-public fairness company, introduced nowadays that Don McDonough has joined the company as Managing Director, Industry Construction. On this function, he’ll lead enterprise advancement efforts for the company’s Strategic Enlargement Fund and paintings with contributors of the GTCR funding groups to spot and broaden funding alternatives for the fund. He’ll even have accountability for construction and keeping up relationships with funding banking organizations and different advisors throughout GTCR’s funding domain names. Mr. McDonough involves GTCR with over two decades of revel in within the monetary products and services business and over a decade spent in enterprise advancement for personal fairness.

GTCR closed its first Strategic Enlargement Fund in January 2022 with $2.0 billion of restricted spouse capital commitments. The fund helps GTCR’s Leaders Technique™ funding manner for smaller alternatives than the ones pursued by way of its most up-to-date flagship fund, GTCR Fund XIII, which closed in 2020 with $7.5 billion in restricted spouse capital commitments. The company’s Leaders Technique™ manner comes to partnering with outstanding control leaders in its core domain names to spot, gain and construct market-leading corporations via transformational acquisitions and natural progress. GTCR has effectively carried out the Leaders Technique™ for a number of a long time and maintains a tradition of partnership with control groups as they construct strategically sexy companies through the years. 

So far, the Strategic Enlargement Fund has made a number of investments in partnership with skilled executives in its core business sectors. Funding alternatives suitable for the Strategic Enlargement Fund vary from $50 million to $200 million of fairness capital through the years. GTCR’s funding technique usually comes to more than one add-on acquisitions for each and every platform corporate, and the ones continuously contain the dedication of incremental fairness capital in toughen of acquisitions and different progress projects. 

“The Strategic Enlargement Fund permits GTCR to use our funding manner and area experience at other issues within the lifecycle of a rising enterprise,” mentioned Sean Cunningham, Managing Director and Co-Head of Healthcare at GTCR. “Including a seasoned enterprise advancement skilled like Don will assist us organize the fund’s new funding alternative set and toughen our control groups’ efforts to spot and entire sexy platform and add-on acquisitions.”

Mr. McDonough joins GTCR from non-public fairness company JLL Companions the place he served as Managing Director and Head of Industry Construction for the previous 10 years. Whilst on this function, he led deal era efforts throughout the company’s aerospace & protection, enterprise products and services, healthcare and business sector verticals. Mr. McDonough has additionally served as Foremost and Director of Industry Construction for world non-public fairness company 3i Team percent. Previous in his profession, he labored at Sentinel Companions and JP Morgan Securities. He holds an MBA from Columbia Industry College and a BA in Politics and Economics from Princeton College.

Funding alternatives for the Strategic Enlargement Fund are controlled each by way of funding pros within the company’s business teams along with a devoted staff of funding pros who basically center of attention at the Strategic Enlargement Fund. Mr. McDonough joins a rising staff of pros dedicated to the Strategic Enlargement Fund. Senior leaders of the devoted staff come with Managing Director John D. Kos, who has fourteen years of revel in at GTCR the place he has contributed to various impactful healthcare investments for the company, in addition to new Foremost Kirk Smith who joined previous this 12 months to concentrate on monetary generation. Mr. Smith was once maximum just lately a Foremost at non-public fairness company Bregal Sagemount and prior to now he was once an Affiliate within the Particular Eventualities Team at Goldman, Sachs & Co. Mr. Smith holds an MBA from Harvard Industry College and a BS in Finance with honors from the College of Kansas. 

“As a company, we proceed to spend money on key assets to maintain the standard of our rising franchise. Our Strategic Enlargement Fund is targeted at the 4 business sectors now we have invested in for a few years, and this fund applies our funding manner of partnering with control leaders to execute transformational trade. Don joins a skilled, skilled staff of devoted pros that paintings with funding groups from around the company to toughen GTCR’s precedence of offering awesome funding efficiency to restricted companions of the Strategic Enlargement Fund,” mentioned Aaron Cohen, Managing Director and Head of Monetary Services and products & Era at GTCR.

About GTCR

Based in 1980, GTCR is a number one non-public fairness company that pioneered The Leaders Technique™ – discovering and partnering with control leaders in core domain names to spot, gain and construct market-leading corporations via natural progress and strategic acquisitions. GTCR is enthusiastic about making an investment in transformative progress in corporations within the Industry & Client Services and products, Monetary Services and products & Era, Healthcare and Era, Media & Telecommunications sectors. Since its inception, GTCR has invested greater than $24 billion in over 270 corporations, and the company recently manages over $27 billion in fairness capital. GTCR is primarily based in Chicago with places of work in New York and West Palm Seaside. For more info, please seek advice from Apply us on LinkedIn.

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