Graham Winfrey
The firm has posted strong results for 2013, with total AUM up 26% to a record $266bn.
The financial services sector is poised for a more robust year of IPOs in 2014, according to Pine Brook’s William Spiegel.
The oversubscribed fund marks the largest ever raised by GTCR.
The firm has generated a 4.5x return on its entire investment in YES, which Providence helped found in 2002.
The firm will sell lab testing company Solstas Lab Partners, which it acquired in 2010.
The firm has added Mark Crews as an executive partner focused on oilfield services.
The firm is expected to close its third secondaries fund during the first quarter.
Former managing director Derek Smyth has joined market research company Vision Critical.
The firm beat its $750m target and has made two investments from the fund so far.
The firm’s eighth buyout fund represents the largest raised since the financial crisis.