Genstar Capital, a San Francisco-based middle market firm, has appointed J. Ryan Clark as its new president, according to a statement.
Clark joined Genstar in 2004 and became its managing director in 2011, focusing on investments in the financial services sector. Jean-Pierre L. Conte will continue his role as managing director and chairman, the statement said.
“This promotion demonstrates the continued evolution of Genstar and the distribution of roles and responsibilities within the firm,” Conte said.
In early August, Genstar announced the completion of fundraising for Genstar Capital Partners VII with $2 billion in LP commitments and additional capital from the GPs, beating its $1.5 billion target. Genstar manages funds with total capital commitments of more than $5 billion, the statement said.
Clark is a board member of Genstar portfolio companies including Acrisure, Financial Horizons and Palomar Specialty Insurance.
Genstar focuses on investments in financial services, software, industrial technology and healthcare industries and manages $5.1 billion in assets, according to PEI's Research & Analytics division.