GTCR Invests in R&T Deposit Solutions; Susan Cosgrove Named Executive Chair

Estancia Capital Partners Acquires Majority Stake in Reich & Tang Deposit Networks

December 31, 2021

Financial Services

Estancia Capital Partners signed a definitive agreement to acquire a majority stake in Reich & Tang Deposit Networks (R&T), a New York–based administrator of reciprocal deposit networks and insured cash sweep programs, with R&T management remaining as meaningful equity holders. Estancia structured the transaction with institutional capital partners and allocators — including Flexpoint Ford (preferred equity), Hamilton Lane (allocator of capital), the New York State Common Retirement Fund and Madison Capital Funding — to accelerate R&T’s growth and expand its product and technology capabilities; the firms later combined R&T with Total Bank Solutions under R&T Parent Holdings.

CI Financial Acquires Majority Interest in RGT Wealth Advisors

November 24, 2020

Wealth Management

CI Financial Corp. will acquire a majority ownership stake in RGT Wealth Advisors, a Dallas-based registered investment advisor with approximately US$4.7 billion in client assets, in a deal to be paid in cash and CI shares. The transaction, expected to close in Q4 2020 subject to regulatory and stock exchange approvals, expands CI's U.S. wealth footprint (bringing U.S. wealth assets to ~US$21 billion) while RGT principals will retain a meaningful ownership stake.

GTCR Acquires Fiduciary Trust Company to Expand Wealth Management Platform

November 20, 2025

Financial Services

GTCR has reached a definitive agreement to acquire Fiduciary Company Incorporated (Fiduciary Trust Company and its operating subsidiaries) to introduce institutional capital into the 140-year-old wealth management firm. GTCR will partner with CEO Austin Shapard and management to accelerate growth, broaden service offerings, expand the investment platform, and integrate technology as the deal is expected to close in the first quarter of 2026.

GTCR Invests in Clear Capital

July 9, 2025

Data & Analytics

Chicago-based private equity firm GTCR has made a majority investment in Clear Capital, a Reno, Nevada–headquartered real estate analytics, valuation technology and data solutions provider; Clear Capital's co-founder and CEO Duane Andrews retains a substantial equity stake. GTCR will partner with management to expand Clear Capital's valuation and data offerings, invest in technology and accelerate M&A activity, including integration of its CubiCasa digital floor-plan product. Financial and legal advisors to the deal included Wells Fargo, Houlihan Lokey and Simpson Thacher & Bartlett for GTCR, and American Discovery Capital and O'Melveny & Myers for Clear Capital.

GTCR Invests $1.33 Billion in Tricentis

November 26, 2024

Software

GTCR has signed a definitive agreement to invest $1.33 billion in Tricentis, valuing the enterprise at $4.5 billion. Insight Partners will continue as a significant investor and will work with GTCR with equal board representation as Tricentis uses the capital to fuel growth, product innovation, and global expansion.

GTCR Invests in Biocoat

November 2, 2022

Medical Devices

GTCR has made a strategic, majority recapitalization investment in Biocoat Holdings, LLC, a Horsham, Pennsylvania-based provider of biocompatible hydrophilic coatings and dip-coating equipment for medical devices. Existing investor 1315 Capital and Biocoat management retain minority stakes; GTCR will partner with CEO Jim Moran and add industry veteran Chip Hance as Executive Chairman to support growth, capability expansion and follow-on acquisitions.