Genstar Capital Caps Fundraising for New Fund at $2B
August 11, 2015
Genstar Capital has completed fundraising for its latest vehicle, Genstar Capital Partners VII, with $2 billion in committed capital, exceeding its initial target by $500 million. The firm's previous vehicle, Fund VI, closed on $912 million in 2012 and was generating a 28.25% IRR as of the end of last year. Evercore served as exclusive global placement agent for the vehicle with Weil, Gotshal & Manges serving as legal counsel.