Wynnchurch Capital has closed its sixth private equity fund, Wynnchurch Capital Partners VI LP, with $3.5 billion of committed capital.
Wynnchurch’s new fund had a target of $3 billion and was significantly oversubscribed. The firm began Fund VI fundraising in September 2023. Coincidentally, Wynnchurch’s $2.3 billion fifth fund closed four years ago in January 2020 after beginning fundraising in September 2019 with a target of $1.6 billion.
Limited partners in Fund VI include state pension funds, sovereign wealth funds, endowments, insurance companies, corporate pension plans, investment advisors and family offices from around the globe.
“We are appreciative of our investors for their support while we continue our disciplined investment approach targeting unique, complex situations in Fund VI,” said Greg Gleason, a managing partner at Wynnchurch.
Wynnchurch makes investments in middle-market companies that have revenues of $50 million to $1 billion with specializations in recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings. Sectors of interest include aerospace, defense and government; building products and materials’ consumer and food; manufacturing, industrial and transportation; and business services and distribution. Wynnchurch is seeking investment opportunities for Fund VI but has not yet closed on any portfolio companies.
“Fund VI will leverage the firm’s proven investment approach, which combines focused sector expertise, a collaborative partnership philosophy, and a commitment to operational excellence to help portfolio companies achieve significant value creation,” said Frank Hayes, a managing partner at Wynnchurch.
In November 2023, Wynnchurch expanded its investment team with the addition of Brett Burns as an associate and expanded its finance and administration teams to include Yuri Douglas, Moe Alsabah, Justin Musialowicz, Colleen Arnold, and Jessica Exposito.
“We are grateful for the support we received from our investors and remain committed to being good stewards of their capital,” added John Hatherly, a managing partner at Wynnchurch.
Wynnchurch was founded in 1999 and is headquartered in the Chicago suburb of Rosemont with additional offices in Los Angeles (El Segundo) and New York City.
Lazard Frères & Co. served in an advisory capacity on this fundraise and Ropes & Gray provided legal services.
© 2024 Private Equity Professional | January 24, 2024
