Wynnchurch Capital announced the closing of Wynnchurch Capital Partners II, L.P. (Fund II), a $350 million private equity fund. Wynnchurch currently manages over $500 million of capital.
Fund II, which initially targeted $300 million, was substantially oversubscribed generating approximately $600 million of investor interest before marketing efforts were curtailed. Fund II had its first and only closing at $350 million, almost $200 million larger than the firm's previous fund, a $163 million private equity fund closed in 2000.
Investors in Fund II include Goldman Sachs, the Credit Suisse First Boston Customized Fund Investment Group, Caisse de depot et placement du Quebec, The Local Government Pensions Institution (of Finland), Power Corporation of Canada, Grove Street Advisors, General Electric Pension Trust and Nordea Investment Management among others.
"Fund II will allow Wynnchurch to continue its successful strategy of investing in middle market companies in the Midwestern United States and Canada," said John Hatherly, managing partner at Wynnchurch.
Wynnchurch is a Chicago-based private equity firm with marketing affiliates in Detroit, Michigan and Montreal, Canada, which targets niche manufacturing and business service companies with revenues of up to $250 million.