CHICAGO & NEW YORK–(BUSINESS WIRE)–Jul 27, 2021–
GTCR LLC and Blackstone (NYSE:BX) today 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.
On behalf of the Managing Directors of GTCR, Collin Roche and Dean Mihas released a statement:
“We are thrilled to have this opportunity to work with Blackstone as a passive minority investor in our firm. Blackstone is an exceptional institution and we expect they will bring resources and perspective that will help us as we continue to serve our limited partners, build our franchise and invest our funds over the long term.