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 outskirt