Simpson Thacher represented GTCR in connection with its significant investment in R&T Deposit Solutions (“R&T”), a leading provider of tech-enabled liquidity management, deposit funding, and securities-based lending programs. Following the investment, GTCR owns 50% of R&T with the remaining 50% retained by existing shareholders, which include Estancia Capital Partners and R&T's founding team and employees.
R&T provides deposit and liquidity solutions to financial intermediaries around the country. The investment by GTCR is intended to further support and sustain R&T’s high rate of growth in its depository network offering while broadening R&T’s product offerings and augmenting technology infrastructure.
GTCR is a leading private equity firm focused on investing in transformative growth in companies in the business and consumer services, financial services, technology, healthcare, media and telecommunications sectors. Since its inception, GTCR has invested more than $25 billion in over 270 companies, and the firm currently manages more than $35 billion in equity capital.
The Simpson Thacher team includes Elizabeth Cooper, Katherine Krause, Izaak Lustgarten and Patrick Reed (M&A); Brian Gluck, Adam Moss and Cem Islikci (Banking & Credit); Greg Grogan and Linda Barrett (Executive Compensation and Employee Benefits); Russell Light and Shareef Salfity (Tax); Lori Lesser, Bobbie Burrows and Rachelle Broida (Intellectual Property); and Steven DeLott (Insurance).