Genstar
Private equitySan Francisco Β· Growth
Also known as Genstar Capital Management Llc
Investment thesis
Genstar Capital pursues a sector-driven private equity strategy aimed at middle market companies. The firm partners with management teams and leaders, combining financial and operational experts to help portfolio companies grow, adapt quickly, and pursue opportunities. Its investment focus spans financial services, healthcare, industrials, and software sectors, emphasizing an entrepreneurial approach to building and scaling businesses.
Source: firm website, verified Aug 6, 2026.
What they invest in
from 6 of 79 portfolio companiesSaaS Γ4Fintech Γ3Data & Infrastructure Γ2Enterprise Software Γ2Healthtech Γ2AI & Machine Learning Γ1Energy Γ1GovTech Γ1
HQs:United StatesΓ1
Investments Β· 79 tracked
founders shown can be your intro pathEnverus provides a mineral rights management and oil and gas investment platform for tracking wells, revenue, and mineral assets across portfolios.
Data & InfrastructureEnergyFintechSaaS
First Eagle Investment Management is an investment management firm that offers mutual funds and investment strategies with a focus on fundamental analysis, absolute returns, and capital preservation.
Fintech
Chun Fong(Assistant Treasurer)Andrew Gundlach(Director)Michael Kellen(Director)Jean-Luc Gravel(Director)Ignacio Jayanti(Director)Peter Seligmann(Director)
Company offering thermal management solutions using synthetic jet technology for electronics cooling applications.
Fund performance Β· per public LP disclosures Β· 21
as of Mar 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Genstar Capital Partners Fund, XI, LPLPs: Empire State Development β New York Ventures | 2023 | β | β | 1.08x | 0.09x |
| Genstar Capital Partners XILPs: Oregon Public Employees Retirement System, California Public Employees' Retirement System, Michigan Municipal Employees' Retirement System +5 more | 2023 | β | β | 1.14x | 0.08x |
| Genstar Capital Partners XIrLPs: Orange County Employees Retirement System | 2023 | β | β | 1.20x | 0.09x |
| Genstar Capital XILPs: Northern LGPS | 2023 | β | β | 1.23x | 0.00x |
| Genstar XI Opportunities FundLPs: Los Angeles City Employees' Retirement System, Oregon Public Employees Retirement System | 2023 | β | β | 1.15x | 0.02x |
| Genstar XI Opportunities Fund I, L.P.LPs: California Public Employees' Retirement System, Michigan Municipal Employees' Retirement System | 2023 | β | β | 1.16x | 0.04x |
| Genstar Capital Partners XLPs: Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System, California Public Employees' Retirement System +6 more | 2021 | β | β | 1.10x | 0.04x |
| Genstar Capital Partners X Opportunities ProgramLPs: Ventura County Employees' Retirement Association | 2021 | β | β | 1.23x | 0.06x |
| Genstar Capital XLPs: Northern LGPS | 2021 | β | β | 1.11x | 0.00x |
| Genstar X Opportunities Fund ILPs: California Public Employees' Retirement System, Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System +1 more | 2021 | β | 8.8% | 1.27x | 0.06x |
| Genstar Capital IXLPs: Northern LGPS | 2019 | β | β | 1.99x | 0.69x |
| Genstar Capital Partners IXLPs: Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System, Northern LGPS +6 more | 2019 | β | β | 2.17x | 1.07x |
| Genstar Capital Partners IX Opportunities ProgramLPs: Ventura County Employees' Retirement Association | 2019 | β | 20.4% | 2.13x | 0.93x |
| Genstar IX Opportunities Fund ILPs: Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System, Los Angeles City Employees' Retirement System | 2019 | β | 20.1% | 2.10x | 0.93x |
| Genstar Capital Partners VIIILPs: Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System, Nebraska Investment Council +1 more | 2017 | β | 24.5% | 2.66x | 1.23x |
| Genstar VIII Opportunities FundLPs: Oregon Public Employees Retirement System | 2017 | β | 19.5% | 2.68x | 1.41x |
| Genstar VIII Opportunities Fund ILPs: Michigan Municipal Employees' Retirement System, Oregon Public Employees Retirement System | 2017 | β | 17.6% | 1.60x | 0.29x |
| Genstar Capital Partners VI, L.P.LPs: The Regents of the University of California | 2011 | β | 36.6% | 2.02x | 2.02x |
| Genstar Capital Partners V, LP LBOLPs: California State Teachers' Retirement System | 2007 | β | 15.5% | 2.41x | 2.41x |
| Genstar Capital Partners IV, L.P.LPs: The Regents of the University of California | 2004 | β | 8.3% | 1.51x | 1.51x |
| Genstar Captial Partners VIILPs: West Yorkshire Pension Fund | β | β | β | 2.54x | 2.03x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does Genstar invest at?
- Genstar invests at the Growth stage.
- What sectors does Genstar focus on?
- Genstar focuses on Advanced Manufacturing, Fintech, Healthtech, SaaS.
- Where is Genstar located?
- Genstar is headquartered in San Francisco, US.
- Does Genstar lead rounds?
- Yes, Genstar leads investment rounds.
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