GENSTAR CAPITAL
GENSTAR CAPITAL is a Series C+ and buyout fund in the US writing $250M–$1B checks into Fintech, Healthcare, industrials and software.
- Stages
- Series C+, buyout
- Sectors
- Fintech, Healthcare, industrials, software
- Check size
- $250M–$1B
- Invests in
- US-wide
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 1988
- Assets under management
- $51.26B
- Website
- gencap.com
Thesis
Genstar Capital is a private equity firm founded in 1988, headquartered in San Francisco, California, and registered with the SEC. They specialize in acquiring and growing middle-market companies, primarily in North America, with a focus on financial services, healthcare, industrials, and software. Their strategy involves acquiring control of companies with positive cash flow and at least $25 million in pro-forma EBITDA, including founder-owned businesses, corporate carve-outs, and traditional buyouts. Genstar leverages deep industry knowledge and operational specialists to create value, often through add-on acquisitions and new sector entries. As of December 31, 2025, their AUM was approximately $51.26 billion. Fund XI, which closed in April 2023, raised $12.6 billion. For Fund XI, equity check sizes range from $250 million to $1 billion, targeting platform companies valued between $400 million and $2 billion.
Common questions
Does GENSTAR CAPITAL invest at the Series C+ stage?
Yes. GENSTAR CAPITAL lists Series C+ and buyout among the stages it invests in.
What check size does GENSTAR CAPITAL write?
GENSTAR CAPITAL writes $250M–$1B checks.
Where does GENSTAR CAPITAL invest?
GENSTAR CAPITAL invests in the US.