Daily News: November 12, 2014

Wynnchurch Raises $1.2B for Fourth Private Equity Fund

Wynnchurch Capital announced the closing of its fourth private equity fund, Wynnchurch Capital Partners IV, L.P. at $1.2 billion of limited partner commitments.

The fund, which had a target of $900 million, was oversubscribed, resulting in the fund reaching its hard cap closing relatively quickly after its initial launch in September 2014.

“We are delighted with the level of support from our existing investors and welcome a select group of new investors,” said John Hatherly, managing partner of Wynnchurch. “The successful fundraise represents a strong endorsement of our team, our track record, and our value oriented investment approach.”

Wynnchurch has been successfully investing in middle market companies for the past 14 years and was recently recognized by Preqin as one of the most consistently performing private equity funds, with all three of Wynnchurch’s prior funds delivering top quartile performance.

Frank Hayes, partner, stated, “Preqin’s recognition is a testament to our disciplined investment strategy and passion for operational excellence that has enabled Wynnchurch to generate above market returns regardless of the economic environment.”

Terry Theodore, partner, who leads Wynnchurch’s investment activities in Detroit, said, “Our hands-on approach has been particularly well received in complex situations where Wynnchurch is able to devise innovative financial and operational solutions.”

Wynnchurch has closed four private equity funds since 2000 and has more than $2.3 billion of capital under management. Fund IV investors include state pension funds, sovereign wealth funds, endowments, insurance companies, corporate pension plans, investment advisors and family offices from around the globe.

Law firm Kirkland & Ellis represented Wynnchurch Capital. The Private Fund Group of Credit Suisse Securities (USA) served in an advisory capacity with respect to the private placement.