Genstar Capital, a private equity firm focused on investments in targeted segments of the financial services, healthcare, industrials, and software industries, has held the first and final closing of Genstar Capital Partners XI (Fund XI) with approximately $12.6 billion in total commitments.Â
Genstar Capital, a private equity firm focused on investments in targeted segments of the financial services, healthcare, industrials, and software industries, has held the first and final closing of Genstar Capital Partners XI (Fund XI) with approximately $12.6 billion in total commitments.
In addition, Genstar raised committed overage capacity from select limited partners which will co-invest in Fund XI’s larger transactions.
The General Partner and affiliated entities are collectively the largest investor in Fund XI and will continue to be led by Managing Partners Ryan Clark, Jean-Pierre Conte, Rob Rutledge, Tony Salewski, and Eli Weiss.
Fund XI reached its hard cap with strong support from its existing investor base and an expanded group of limited partners, including leading global endowments and foundations, public and corporate pension plans, sovereign wealth funds, financial institutions, and family offices. Genstar’s previous fund, Genstar Capital Partners X, closed in April 2021 with approximately $10.2 billion of total committed capital.
Genstar will continue to make control investments in middle market companies primarily headquartered in North America. The firm is 100% employee owned and operates from a single office in San Francisco. The investment team is complemented by a group of 31 Strategic Advisors, who are current and former business leaders, working side by side with the Genstar investment team.
Evercore Partners served as Placement Agent for the fund and Weil, Gotshal & Manges LLP provided legal advice.
