# Genstar Capital

> Genstar Capital is an employee-owned private equity firm in San Francisco that takes control positions in established, primarily North American businesses. It combines capital, sector specialists, executive recruiting and acquisition support across financial services, healthcare, industrials and software; its website reports approximately $51 billion in assets under management.

- **Founded:** 1988
- **Headquarters:** San Francisco, United States
- **Founders:** Angus MacNaughton (Co-founder), Ross Turner (Co-founder), Richard Paterson (Co-founder), John West (Co-founder)
- **Products:** Control equity investments, Growth capital and acquisition support, Operational and talent support, Private equity fund management
- **Notable:** Closed Fund XI with approximately $12.6 billion of commitments in April 2023., Reports approximately $51 billion in assets under management on its website, checked October 2026., Mercer Advisors reported $48 billion in client assets as of April 30, 2023 and 75 acquisitions since 2016 while backed by Genstar and other owners.

## Products & services

- **Control equity investments** — Buyouts and other control-oriented investments in established businesses, primarily headquartered in North America.
- **Growth capital and acquisition support** — Capital and transaction expertise for organic expansion, add-on acquisitions and recapitalizations.
- **Operational and talent support** — Strategic Advisory Board expertise, executive recruiting and sector-specific operating assistance for portfolio management teams.
- **Private equity fund management** — Management of closed-end private equity funds for institutional and other eligible limited partners.

## Achievements

- Closed Fund XI with approximately $12.6 billion of commitments in April 2023.
- Reports approximately $51 billion in assets under management on its website, checked October 2026.
- Mercer Advisors reported $48 billion in client assets as of April 30, 2023 and 75 acquisitions since 2016 while backed by Genstar and other owners.
- Blackstone announced a 2021 agreement to acquire Sphera at an approximately $1.4 billion valuation.
- CFO Melissa Dickerson was named to PE Hub’s 2025 Women in Private Equity list.

## Latest updates

- **2026-09** — Genstar and Aksia announced a growth investment in Richey May on September 14; F3 Partners and management retained significant ownership.
- **2026-08** — On August 26, Victory Capital announced an agreement to acquire First Eagle Investments from Genstar and First Eagle employees; an announced agreement, not treated here as a completed sale.
- **2026-08** — On August 19, Genstar agreed to acquire Oncourse Home Solutions from Apax funds, with closing then expected in Q4 2026; price was undisclosed.
- **2026-08** — On August 18, Ascensus announced a proposed ownership structure co-led by Stone Point and returning investor Genstar.
- **2026-04** — Protective announced an agreement to acquire Obsidian from Genstar; closing was expected in Q4 2026 or Q1 2027.
- **2026-02** — Genstar-backed Docupace acquired InvestEdge and appointed Brian Filanowski CEO on February 25.

## Links

- Website: https://www.gencap.com/
- LinkedIn: https://www.linkedin.com/company/genstar-capital

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Profile page: https://yespress.io/genstar-capital
Published by YesPress — https://yespress.io
Last updated: 2026-10-27