Wynnchurch Capital has closed its fourth private equity fund, Wynnchurch Capital Partners IV, LP, with $1.2 billion of capital commitments. The fund, which had a target of $900 million, was oversubscribed and closed at its hard cap. Fundraising was completed quickly after its initial launch in September 2014.
“We are delighted with the level of support from our existing investors and welcome a select group of new investors,” said John Hatherly, Managing Partner of Wynnchurch. “The successful fundraise represents a strong endorsement of our team, our track record, and our value oriented investment approach.”
Wynnchurch has now closed four private equity funds since 2000 and has more than $2.3 billion of capital under management. Fund IV investors include state pension funds, sovereign wealth funds, endowments, insurance companies, corporate pension plans, investment advisors and family offices from around the globe.
Wynnchurch has been investing in middle market companies for the past 14 years and was recently recognized by Preqin as one of the most consistently performing private equity funds, with all three of Wynnchurch’s prior funds delivering top quartile performance. “Preqin’s recognition is a testament to our disciplined investment strategy and passion for operational excellence that has enabled Wynnchurch to generate above market returns regardless of the economic environment,” said Frank Hayes, a Wynnchurch partner.
“Our hands-on approach has been particularly well received in complex situations where Wynnchurch is able to devise innovative financial and operational solutions,” said Terry Theodore, a Wynnchurch partner who leads the firm’s investment activities in Detroit.
The Private Fund Group of Credit Suisse Securities served in an advisory capacity with respect to the private placement. Kirkland & Ellis provided legal services to Wynnchurch.
Wynnchurch Capital makes investments of $10 million to $90 million in middle-market companies that have revenues of $5 million to $500 million. Sectors of interest include niche manufacturing, business and industrial services, energy and power services, logistics, transportation and value-added distribution. Wynnchurch manages a number of private equity funds with capital under management in excess of $2.3 billion. The firm was founded in 1999 and is located in the Chicago suburb of Rosemont with additional offices in Detroit and Toronto (www.wynnchurch.com).
2014 PEPD • Private Equity’s Leading News Magazine • 11-12-14
