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GTCR acquires AssetMark for $2.7 billion

PRIVATESep 30, 2026

Acquiring Company

GTCR

Acquired Company

AssetMark

ChicagoConcordFinancial ServicesFinance

Description

In April 2024, GTCR acquired AssetMark for USD 2.7 billion, taking the company private. Following the acquisition, AssetMark continued to expand its wealth-management platform by adding new funds. The transaction is part of GTCR's strategy to enhance asset management offerings. AssetMark now operates with a scale that supports independent advisors.

Company Information

Company

GTCR

Location

300 North LaSalle Street

Chicago, Illinois, United States

About

GTCR is a leading private equity firm focused on investing in growth and could manage companies. They specialize in various sectors including financial services and technology. GTCR has a proven track record of acquiring and scaling companies. The firm uses a long-term investment strategy to unlock potential within businesses.

Fundz sees it the moment GTCR makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Frequently asked

Who acquired AssetMark?

AssetMark was acquired by GTCR, based in Chicago. The deal was reported on September 30, 2026. GTCR is a leading private equity firm focused on investing in growth and could manage companies. They specialize in various sectors including financial services and technology. GTCR is privately held and operates in Financial Services.

When did GTCR acquire AssetMark?

GTCR's acquisition of AssetMark was reported on September 30, 2026. In April 2024, GTCR acquired AssetMark for USD 2.7 billion, taking the company private. Following the acquisition, AssetMark continued to expand its wealth-management platform by adding new funds. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does AssetMark do?

AssetMark, Inc. operates a wealth management platform with a mission to help financial advisors and their clients. It is privately held, operating in Finance, and is based in Concord.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.