GTCR Acquires Foundation Source from Incline Equity Partners

Incline Equity Partners Acquires Foundation Source

January 28, 2020

Professional Services

Pittsburgh-based private equity firm Incline Equity Partners acquired Foundation Source, the nation’s largest provider of outsourced support services for private foundations. The partnership will support Foundation Source’s growth plans, including deeper market penetration, expanded service capabilities, and enhancement of its online foundation management tools; financial terms were not disclosed.

Foundation Source Acquires Giving Place from Give (a TIFIN Company)

April 21, 2025

Cloud & SaaS

Foundation Source, the Fairfield, Connecticut-based provider of philanthropic technology and services, has acquired Giving Place, a family-office giving platform, from Give (a TIFIN Company). The deal, completed April 21, 2025, expands Foundation Source’s SaaS capabilities for private foundations and family offices; terms were not disclosed.

Foundation Source Acquires Pacific Foundation Services

June 4, 2025

Professional Services

Foundation Source, the Fairfield, Connecticut-based provider of philanthropic software and services, has acquired San Francisco-based Pacific Foundation Services (PFS). The add-on expands Foundation Source's capabilities in foundation management, increases charitable assets under administration to nearly $40 billion, and brings PFS's team and leadership (CEO Charles R. Casey) into Foundation Source; the transaction was completed on June 4, 2025 with terms undisclosed.

Foundation Source Acquires PG Calc

February 1, 2024

Cloud & SaaS

Foundation Source, the nation’s largest provider of cloud-based SaaS and foundation management services, has acquired PG Calc, a planned-giving software and services provider based in Cambridge, Massachusetts. The deal, completed on February 1, 2024, expands Foundation Source's charitable giving product suite and adds planned-giving administration, software, consulting and marketing capabilities.

GTCR Acquires Innovative Systems

August 27, 2025

Software

GTCR has acquired Innovative Systems, a mission-critical enterprise software provider for regional broadband providers, from Alpine Investors. GTCR is partnering with technology executive Scott Alcott, who joins as CEO, and plans to invest in the Company's OSS/BSS, payments and billing capabilities and pursue organic growth and M&A to expand the product suite.

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.