
Genstar Capital Closes Its Eleventh Fund at $12.6B
Private equity firm Genstar Capital held the first and final closing of its eleventh fund – Genstar Capital Partners XI with approximately $12.6 billion in total commitments.
The general partner and affiliated entities are collectively the largest investors 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. Genstar’s previous fund closed in April 2021 with approximately $10.2 billion of committed capital.
With $49 billion in assets, San Francisco-based Genstar will continue to make control investments in middle market companies in the financial services, healthcare, industrials and software industries primarily headquartered in North America.
Evercore Partners served as Placement Agent for the fund and Weil, Gotshal & Manges LLP provided legal advice.
