Blackstone buys minority stake in GTCR

Blackstone’s GP Stakes business will acquire a minority ownership interest in private equity firm GTCR, officials announced today.

The GP Stakes business offers Blackstone a way to monetize long-term partnerships it has with private market alternative asset management firms. The investment sits within Blackstone Alternative Asset Management (BAAM), which is the storied New York alternative investment firm's fund of funds group.

“GTCR has developed one of the most respected investment franchises in the private equity industry. The firm has a world-class group of leaders and investment professionals, a differentiated investment approach . . .

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