Wynnchurch Capital L.P. announced the closing of its fifth private equity fund, Wynnchurch Capital Partners V L.P at $2.277 billion of committed capital.
The fund, which had a target of $1.6 billion, was significantly oversubscribed, resulting in the fund reaching its hard cap and closing quickly after its initial launch in September 2019.
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.”
Wynnchurch has been investing in middle-market companies for over 20 years and has closed five private equity funds since its founding in 1999. The firm has more than $4.2 billion of committed capital under management. 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.
Law firm Ropes & Gray, LLP represented Wynnchurch Capital. The Private Fund Group of Credit Suisse Securities (USA) LLC served in an advisory capacity with respect to the private placement.