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Buyout firm Genstar raises nearly $12 billion for tenth midmarket fund Tuesday, April 06, 2021
Laxman Pai, Opalesque Asia:
San Francisco-based Genstar Capital has raised about $11.7 billion for its tenth flagship fund - Genstar Capital Partners X.
The private equity manager, which is focused on investments in financial services, healthcare, industrials, and software industries, said in a press release that the latest middle-market buyout fund had $10.2 billion in limited partner commitments and $1.5 billion in overage capacity commitments from selected limited partners.
The fund reached its hard cap and was significantly oversubscribed, closing less than four months after its official launch in December 2020. The announcement comes less than two years after the buyout firm raked in $7 billion for its ninth fund.
Genstar Capital raises nearly $12 billion with latest buyout fund
Genstar Capital raises nearly $12 billion with latest buyout fund
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Genstar Capital has closed Genstar Capital Partners X at its hard cap of about $11.7 billion.
The private equity manager s latest middle-market buyout fund had $10.2 billion in limited partner commitments and $1.5 billion in overage capacity commitments from selected limited partners, a news release said Monday.
The prior fund, Genstar Capital Partners IX, closed at $7 billion in 2019.
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