GTCR

Canaccord Genuity acts as Exclusive Financial Advisor to GTCR on its acquisition of Foundation Source, the nation’s largest provider of foundation management services and a trusted source for philanthropic expertise

Canaccord Genuity is pleased to announce that GTCR, a leading private equity investor, has announced the acquisition of Foundation Source, the nation’s largest provider of foundation management services and a trusted source for philanthropic expertise. Canaccord Genuity acted as the exclusive financial advisor to GTCR.

Foundation Source provides technology-enabled administrative, compliance, tax and advisory solutions to private philanthropists, corporations and their foundations, supporting more than 2,000 foundations representing in excess of $20 billion in charitable assets. In 2022, Foundation Source administered charitable grants totaling more than $1.3 billion on behalf of its clients.

GTCR is a Chicago-based leading private equity firm that pioneered The Leaders Strategy™ - finding and partnering with management leaders to identify and acquire market-leading companies. In executing The Leaders Strategy™, GTCR is partnering with wealth technology veteran Joseph Mrak III, who has joined Foundation Source as Chief Executive Officer. GTCR is focused on investing in transformative growth in companies in the Business & Consumer Services, Financial Services and Technology, Healthcare and Technology, Media & Telecommunications sectors. GTCR has invested more than $25 billion in over 270 companies.