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Wynnchurch Closes $3.5B Mid-Market Buyout Fund

Wynnchurch Closes $3.5B Mid-Market Buyout Fund

Wynnchurch Capital, L.P., a middle market private equity firm, announced the close of its sixth private equity fund, Wynnchurch Capital Partners VI, L.P at $3.5 billion.

The fund, which had a target of $3 billion, was significantly oversubscribed and closed in under five months after its initial launch. It targets “complex transactions” with investments between $100 million and $3 billion.

Investors include City and County of San Francisco Employees’ Retirement System ($70 million); Texas County & District Retirement System ($70 million); and Employees Retirement System of Rhode Island ($31 million).

“This fundraise is a testament to what our team has accomplished as a firm, and we will continue to invest with the same value-oriented/operationally focused strategy we have developed and refined over the last 25 years,” said Chris O’Brien, managing partner at Wynnchurch

The firm is building a strong fundraising track record, having raised $1.27 billion for Fund IV just five years ago.

Headquartered in the Chicago suburb of Rosemont, IL, with an affiliate in Canada, Wynnchurch manages several private equity funds with $9.2 billion of assets under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings.

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Wynnchurch Capital, L.P

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.