GTCR completed the acquisition of AssetMark from Huatai Securities for $2.7bn.

GTCR, a private equity firm, completed the acquisition of AssetMark, a wealth management technology platform for financial advisors, from Huatai Securities, a securities company, for $2.7bn. “This transaction is a testament to the support and commitment of Huatai over the past seven years, and the hard work of the entire AssetMark team. Together with Huatai, we have accomplished remarkable results, and we look forward to partnering with GTCR on the next phase of growth,” Michael Kim, AssetMark CEO.