GTCR acquired and merged The Gemini Companies and Ultimus Fund Solutions.

GTCR acquired and merged The Gemini Companies and Ultimus Fund Solutions, two mutual fund companies. No financial terms were disclosed. The newly combined company will operate as Ultimus Fund Solutions and be a provider of full service fund administration, accounting and investor solutions to traditional and alternative fund managers. Collin Roche, Managing Director at GTCR, said: "We believe each company brings expertise and competencies that are distinctive in the market and are highly complementary to one another. Together, they represent a leading fund administrator, with significant technological capabilities and a strong client service offering. Our plans going forward are to continue to invest heavily in technology and further expand product offerings and solutions for current and future clients."