GTCR, a private equity firm, has added Don McDonough as a managing director of business development.

Going forward, McDonough will lead the firm’s business development efforts for its Strategic Growth Fund while also working to identify and develop investment opportunities for the fund. McDonough joins the firm with over 20 years of experience in financial services and previously served at JLL Partners where he acted as a managing director and head of business development for 10 years.

“As a firm, we continue to invest in key resources to sustain the quality of our growing franchise,” said Aaron Cohen, managing director and head of financial services & technology at GTCR. “Our Strategic Growth Fund is focused on the four industry sectors we have invested in for many years, and this fund applies our investment approach of partnering with management leaders to execute transformational change. Don joins a talented, experienced team of dedicated professionals that work with investment teams from across the firm to support GTCR’s priority of providing superior investment performance to limited partners of the Strategic Growth Fund.”