GTCR is on track to return more than $5bn to limited partners in 2024, positioning itself as one of the few private equity firms delivering substantial liquidity amid a subdued exit environment, according to Bloomberg.

The wave of distributions is being driven by a series of successful exits, including a two-times return from the $24.25bn carve-out of Worldpay. The landmark transaction, structured alongside FIS and Advent International, stands as one of the year’s largest M&A deals and a rare liquidity event in a sluggish market.

In addition to Worldpay, GTCR recently completed the $13.45bn sale of insurance brokerage AssuredPartners to Arthur J Gallagher, as well as the $1.3bn exit of insurtech platform itel. These monetisations come at a time when many private equity firms are facing prolonged holding periods due to weak dealmaking and rising interest rates.

While April marked a two-decade low in global M&A volumes, GTCR has defied market trends through well-timed exits, reinforcing its reputation for disciplined execution and strong capital recycling. The firm’s recent activity is expected to support future fundraising efforts and increase LP confidence heading into 2025.

GTCR declined to comment on the returns. However, the firm’s performance underscores its ability to generate distributions when much of the industry is grappling with liquidity constraints and macroeconomic uncertainty.

Source: Bloomberg

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