SAN FRANCISCO – Genstar Capital, a leading private equity firm focused on investments in targeted segments of the financial services, software, industrial technology, and healthcare industries, today announced the final closing of Genstar Capital Partners IX with US$5.5 billion in limited partner commitments.
The General Partner and affiliated entities are the largest investor in Fund IX, with over US$400 million of committed capital. Total capital raised, including Fund IX, the General Partner, affiliated entities, and the overage capacity is approximately US$7 billion.
Ryan Clark, president and managing director at Genstar said, “As we build our firm to endure for the future, our focus is on our people, our portfolio leadership teams, and our investors. All three constituencies are responsible for our continued success, and we want to thank them as we begin to invest Fund IX.”
Commenting on the fundraising, Tony Salewski, managing director, said, “We appreciate the tremendous support from our existing limited partners and the expansion of our base among leading global investors”.
Source: PR Newswire