Genstar raises $7 bln with fund IX, committed overage pool

Genstar Capital said Feb. 25 that it closed its latest fund on $5.5 billion in LP commitments. Genstar raised $1.1 billion in committed overage capacity from select LPs. The GP and affiliated entities also provided more than $400 million of committed capital. Genstar’s prior fund closed on $3.95 billion in 2017. Evercore Partners served as placement agent for the fund, while Weil, Gotshal & Manges LLP provided legal advice.

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