Middle Market PE Investing Session with Genstar Capital
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Details
Overview of Genstar Capital
Fund Type: Private equity fund focused on majority buyouts, typically with a growth angle
Focus: Invests in software, financial services, industrials and healthcare
Size: Genstar manages ~$49B in AUM and closed on Genstar XI, a $13.5Bn fund, in April 2023.
Reached hard cap with a first and final close and expanded commitments from previous fund (Fund X was $11.9Bn raised in April 2021) Location: Based exclusively in San Francisco, CA
Highlights of Firm & Culture
Very lean: Only 27 investment professionals. One of the leanest ratios of headcount to capital & deals in the industry. Deal teams are 3-4 people in total and VPs should expect an active pace of deal reps.
Track record of returns & growth: Ranked Top 6 private equity fund by HEC-Dow Jones over each of the past five years, out of ~600 PE firms globally. Genstar has grown significantly from $2.1B Fund VII in 2015 and investing funds in 2-3 year cycles. Opportunity for rapid career advancement and taking on outsized responsibility. Homegrown team focused on mentorship. Strong culture: Collegial culture where everybody works in the same office, enjoys spending time with each other and has aligned incentives. Firm is 100% owned by Managing Partners. Culture of entrepreneurship, being creative to find ways to get deals done and create alpha. Meritocratic system that rewards both culture & results, not face time.