1980 founder stanley golder carl thoma bryan cressey bruce rauner headquarters 300 north lasalle chicago illinois united states products leveraged buyout rollup total assets 11 billion number of employees 80 website www.gtcr.com gtcr llc is a private equity firm focused on leveraged buyout leveraged recapitalization growth capital and rollup transactions . since 1980 gtcr has invested more than 10 billion in over 200 companies . 1 the firm principally invests in high growth industries including financial services & technology healthcare information services & technology and growth business services . 2 the firm is based in chicago and has more than 80 employees including over 40 investment professionals . contents 1 history 1.1 investment funds 2 external links 3 references history edit gtcr logo in use prior to 1998 separation the company was founded in 1980 as golder thoma & co. by stanley golder and carl thoma . in the 1970s golder built the private equity program at first chicago corp. 3 where he is noted primarily for backing federal express and for efforts as chairman of the national venture capital association and the national association of small business investment companies to change federal laws allowing pensions to invest in private equity . 4 5 golder thoma received much of its initial funding from william m. blair and upon leaving first chicago golder was replaced by john a. canning jr. who would go on to found rival chicago private equity firm madison dearborn . history of private equity and venture capital early history origins of modern private equity the 1980s leveraged buyout boom the 1990s leveraged buyout and the venture capital bubble the 2000s dot com bubble to the credit crunch v t e in 1984 after recruiting bryan cressey to join the firm from first chicago the firm s name was changed to golder thoma cressey and with the promotion of bruce rauner to partner the firm would come to be known as golder thoma cressey rauner inc. gtcr although it would still often be referred to as golder thoma . 6 in 1998 disagreements between the senior partners led golder thoma cressey rauner inc. split into two private equity firms . both firms continue to invest primarily through consolidations of specific industries referred to as roll ups gtcr golder rauner stanley golder and bruce rauner the 11 billion private equity firm based in chicago now known as gtcr . gtcr founder stanley golder died in 2000 and lead partner bruce rauner retired in 2012 . today the firm is led by several senior partners including phil canfield collin roche and david donnini . 7 thoma cressey carl thoma and bryan cressey based in chicago and san francisco . thoma cressey would be renamed thoma cressey bravo to reflect the growing role of partner orlando bravo . in 2008 bryan cressey left thoma cressey bravo with several investment professionals to form cressey & co. a small healthcare focused private equity firm . 8 9 thoma cressey bravo became thoma bravo after cressey s departure led by managing partners carl thoma orlando bravo lee mitchell and scott crabill . the firm closed its 9th fund in march 2009 with 822.5 million . 10 investment funds edit gtcr invests through a series of private limited partnerships and its investors include a variety of pension funds e.g. washington state investment board 11 pennsylvania state employee s retirement system 12 endowments and other institutional investors . following its separation from thoma cressey discussed above gtcr has raised six private equity funds 1998 fund vi 870 million 2000 fund vii 2.0 billion 2003 fund viii 1.8 billion 2006 fund ix 2.75 billion 2011 fund x 3.25 billion 13 2014 fund xi 3.85 billion 14 external links edit gtcr official website references edit about gtcr company webpage gtcr s focus company webpage today part of jpmorgan chase through its acquisition of bankone in 1978 the us labor department relaxed certain of the erisa restrictions under the prudent man rule a fiduciary responsibility of investment managers under erisa . under the original application each investment was expected to adhere to risk standards on its own merits limiting the ability of investment managers to make any investments deemed potentially risky . under the revised 1978 interpretation the concept of portfolio diversification of risk measuring risk at the aggregate portfolio level rather than the investment level to satisfy fiduciary standards would also be accepted . private equity pioneer golder dies . buyouts january 24 2000 . a cached version of the article can be found here . stanley c. golder a donor profile at the uiuc website rauner makes it official retires from gtcr an article in crain s chicago business dated october 19 2012 dealmakers boot camp ; golder thoma a buyout industry proving ground crain s chicago business september 2004 by steve daniels personality profile cressey takes specialization to the next level . buyouts june 23 2008 thoma bravo completes fundraising bloomberg march 16 2009 washington state investment board private equity irr report pennsylvania state employee s retirement system detailed holding information press release . press release . v t e private equity and venture capital basic investment types buyout venture mezzanine growth secondaries equity co investment history history of private equity and venture capital early history of private equity private equity in the 1980s private equity in the 1990s private equity in the 2000s terms and concepts buyout financial sponsor management buyout divisional buyout buy sell agreement leveraged recapitalization dividend recapitalization venture angel investor business incubator post money valuation pre money valuation seed money startup company venture capital financing venture debt venture round structure private equity firms and funds limited partnership limited liability company carried interest management fee publicly traded private equity business development company venture capital trust private investment in public equity pipe pledge fund investors corporations institutional investors pension funds insurance companies fund of funds endowments foundations investment banks merchant banks commercial banks high net worth individuals family offices sovereign wealth funds crowdfunding related financial terms aum cap table capital call capital commitment capital structure distribution waterfall ebitda envy ratio high yield debt ipo irr leverage liquidation preference m & a pme taxation of private equity and hedge funds undercapitalization vintage year private equity and venture capital investors private equity firms venture capital firms angel investors portfolio companies v t e largest private equity investment firms 3i group aac capital partners advent international alpinvest partners american capital apax partners apollo global management ares management bain capital bc partners berkshire partners the blackstone group bridgepoint capital candover the carlyle group ccmp capital cerberus capital management charterhouse capital partners cinven clayton dubilier & rice cvc capital partners doughty hanson & co encap investments eqt partners first reserve corporation fortress investment group general atlantic goldman sachs capital partners gtcr hellman & friedman h.i.g. capital jrk property holdings kkr trilantic capital partners leonard green & partners madison dearborn partners nordic capital oak investment partners oaktree capital management onex teachers private capital pacific equity partners pai partners permira providence equity partners sentinel capital partners silver lake partners summit partners sun capital partners ta associates terra firma capital partners thomas h. lee partners tpg capital warburg pincus welsh carson anderson & stowe private equity private equity firms venture capital firms portfolio companies retrieved from https en.wikipedia.org w index.php title gtcr & oldid 743336606 categories private equity firms of the united statescompanies based in chicago navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 9 october 2016 at 04 57 . text is available under the creative commons attribution sharealike license ; 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