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Laxman Pai, Opalesque Asia: Chicago-headquartered Wynnchurch Capital closed its fifth private equity fund, Wynnchurch Capital Partners V, reaching its hard cap of $2.3 billion in capital commitments.
The Wynnchurch Capital Partners V was oversubscribed, exceeding its $1.6 billion target. Wynnchurch raised $1.2 billion for its fourth fund in 2014.
Founded in 1999 and based on the outskirts of Chicago, Wynnchurch is a middle-market firm that invests in North American companies with up to $1 billion in annual revenue. The firm closed its fourth flagship fund on $1.2 billion in 2014.
John Hatherly, Managing Partner at Wynnchurch, said, "We are appreciative and humbled by the interest from both existing and new investors, and are grateful for their support and partnership."
Fund V investors include: state pension funds, sovereign wealth funds, endowments, insurance companies, corporate pension plans, investment advisors and family offices from around the globe.
Investors in the current fund include the $32.1 billion Texas County & District Retirement System, Austin; $28.7 billion Nebraska Investment Council, Lincoln; $15.1 billion Maine Public Employees Retirement System, Augusta; and $8.5 billion Rhode Island Employees' Retirement System, Providence.
Chris O'Brien, Managing Partner at Wynnchurch, said, "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 develope...................... To view our full article Click here
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