Mid-market investor Genstar Capital has promoted Matt McCabe to Principal.
Mr. McCabe joined Genstar as an associate in 2016 and rejoined the firm in 2019 as a vice president after serving for one year as the chief of staff at Alera Group, an employee benefits and insurance brokerage platform that Genstar acquired in 2017.
Prior to joining Genstar, Mr. McCabe was an investment banking associate in the industrials and business services group at Credit Suisse. Mr. McCabe has both his BBA and MBA from Loyola University (Chicago).
“Matt has made meaningful contributions to our firm and also as a board member at a number of our portfolio investments,” said Ryan Clark, the president and a managing director at Genstar. “He is indicative of the deep talent represented within our firm and is highly regarded by our partners and all of our professionals. Matt has demonstrated the core values of Genstar, and we believe he will make even greater contributions in the future. We look forward to his continued success in his new role.”
Genstar is an active investor in middle-market companies that have enterprise values from $50 million to $1 billion and EBITDA greater than $15 million. Sectors of specific interest include financial services, software, industrial, and healthcare industries.
In April 2021, Genstar held a hard cap close of Genstar Capital Partners X LP with $10.2 billion in capital commitments.
San Francisco-headquartered Genstar was founded in 1988 and is led by managing partners Ryan Clark (President), Jean-Pierre Conte (Chairman), Rob Rutledge, Tony Salewski, and Eli Weiss.
© 2021 Private Equity Professional | July 27, 2021
