Houlihan Lokey Advises GTCR

Houlihan Lokey is pleased to announce that GTCR has completed its acquisition of Fiduciary Trust Company (Fiduciary), a Boston-based private wealth manager and trust company serving ultra-high-net-worth individuals, families, and institutions. This transaction closed on April 22, 2026.

Founded in 1980, GTCR is a leading private equity firm that invests in transformative growth in companies in the business and consumer services, financial services and technology, healthcare, and technology, media, and telecommunications sectors. Since its inception, GTCR has invested more than $35 billion in approximately 300 companies, and the firm currently manages approximately $50 billion in equity capital.

Founded in 1885 as a family office, Fiduciary is a leading provider of wealth management, trustee, and custody services to clients with approximately $34 billion in total assets as of December 31, 2025. Fiduciary’s comprehensive wealth management services are focused on New England high-net-worth and ultra-high-net-worth individuals and families and include white-glove service and robust in-house wealth planning, investment management, and trust capabilities. The company also provides custody and trustee services nationwide to third-party financial advisors and family offices, including access to New Hampshire’s advantageous trust laws.

Planned strategic initiatives include expanding Fiduciary’s breadth of services to meet the evolving needs of customers, enhancing its investment platform offerings, further tech-enabling its platform, and growing its employee base.

Houlihan Lokey served as financial advisor to GTCR.

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