Genstar Capital, a San Francisco, CA-based middle-market private equity firm, closed its latest fund, at $3.1 billion.
The investor base represents leading global endowments and foundations, public and corporate pension plans, sovereign wealth funds, financial institutions, and family offices. In addition, the firm has raised committed overage capacity of $650m from select limited partners. The General Partner and affiliated entities are the largest investor in Fund VIII, with over $200m of commitments.
Total capital raised, including Fund VIII, the General Partner, affiliated entities, and the overage capacity is approximately $3.95 billion.
Led by Managing Directors – J. Ryan Clark, Jean-Pierre L. Conte, Rob S. Rutledge, Tony J. Salewski, and Eli P. Weiss, Genstar will continue to invest and take control positions in middle market companies operating in financial services, software, industrial technology, and healthcare industries headquartered in North America.
The firm has 19 members on its investment team operating from its single office in San Francisco, who are supported by a senior operations team and complemented by a group of 23 strategic advisors, who are current and former operating executives, working side by side with the investment team.