Chicago private equity firm Wynnchurch Capital has closed its third mid-market focused buy-out fund on $603m, beating its target of $500m.
Coming six years after the close of its second fund on $350m, the close brings the firm’s total capital commitments to $1.1bn. The firm’s debut fund was raised in 2000 and closed on $163m.
Wynnchurch managing partner John Hatherly said, “We are appreciative of the trust and confidence that our investors have shown in our operationally focused private equity model serving the middle market.
“Further, our hands-on approach has generated strong investment returns in both good economic times as well as more difficult ones,” He added.
Headquartered in Chicago and with offices in Michigan and Toronto, Wynnchurch was founded in 1999 to pursue mid-market private equity acquisitions, specialising in management buy-outs, recapitalisations, corporate carve-outs, restructurings and growth capital.
The firm recently sold Henniges Automotive Holdings, a manufacturer of engineered systems and anti-vibration products for the automotive industry, to Littlejohn & Co.
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