GTCR has acquired Fiduciary Trust Company, a Boston-based private wealth manager with approximately $34 billion in total assets as of December 31, 2025. The firm, founded in 1885 as a family office, serves ultra-high-net-worth individuals, families, and institutions. No financial terms were disclosed for the transaction.

Doris Meister, former chair and CEO of Wilmington Trust, will join Fiduciary as executive chair following the acquisition. The deal represents GTCR's continued expansion in the wealth management sector, building on its portfolio of financial services investments. Fiduciary's long-standing reputation and substantial asset base make it an attractive platform for growth.

This acquisition positions GTCR to capitalize on increasing demand for sophisticated wealth management services among high-net-worth clients. With its deep Boston roots and century-plus history, Fiduciary Trust brings both scale and institutional knowledge to GTCR's investment strategy.