Wynnchurch oversubscribed with $2.3bn in fifth PE fund

Institutional investors seemingly flocked to Illinois-based Wynnchurch Capital’s fifth offering, as the firm attracted approximately $2.3 billion of committed capital. Originally Wynnchurch Capital Partners V had targeted $1.6 billion and like a good number of other private equity funds as of late was significantly oversubscribed, resulting in the fund reaching its hard cap and closing after its initial launch in September, officials said earlier this week. Institutional investors in the fund include the Texas County & District Retirement System, which announced a $70 million commitment to the value-based middle market buyout fund that focuses on equity and debt investments of U.S. and Canadian companies. The Los Angeles County Employees’ Retirement Association approved a $75 million commitment to the fund last year. According to Wynnchurch, investors in its new fund 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 and humbled by the interest from both existing and new investors and grateful for their support and partnership,” said John Hatherly, managing partner at Wynnchurch, which is based in Rosemont, Illinois. Established in 1999, the private equity firm now has more than $4.2 billion of committed capital under management. “We are excited about Fund V and how our team is positioned today to invest with the same value-oriented/operationally focused strategy we have developed and refined over the last 20 years,” added Chris O’Brien, manager partner at Wynnchurch.

Wynnchurch oversubscribed with $2.3bn in fifth PE fund

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