Fundraising Fox

Genstar

Private equityoperating company Β· company profile

San Francisco Β· Growth Β· 1 people tracked

Also known as Genstar Capital Management Llc

Find your way into Genstar

137 people in our graph share verified history with the Genstar team β€” schools, employers, funds. One of them is your warm intro.

Felix Zhangunlockedknows Tomasz Czechowicz Β· together at UMN Carlson School of Management (overlapped)
Γ—10knows the team Β· via UMN Carlson School of Management
knows the team Β· via Genstar
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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 Sep 1, 2026.

Stage
Growth
HQ
San Francisco, CA, US
Leads rounds
Leads
Instruments
Equity
Founded
1988
AUM
$51.3B
Tracked investments
79

Team Β· 1 people

from curated

What they invest in

from 65 of 79 portfolio companies

SaaS Γ—34Enterprise Software Γ—26Fintech Γ—26AI & Machine Learning Γ—12InsurTech Γ—12Advanced Manufacturing Γ—11Healthtech Γ—10B2B Marketplaces Γ—7

HQs:United StatesΓ—43

Investments Β· 79 tracked

founders shown can be your intro path

By year:2016 Β· 32015 Β· 12012 Β· 15 dated

WEX, Inc.wexinc.comin𝕏NYSE: WEXJul 2016

WEX provides business payment solutions, including corporate payments, mobility/fleet payments, and employee benefits offerings.

Enterprise SoftwareFintechMobility & TransportationSaaSSouth Portland, US

Jeff Young(Executive Officer)inMichael D. Dubyak(Director)inRoberto Simon(Executive Officer)inMelissa Smith(CEO and President)Carlos Carriedo(Chief Operating Officer, Americas Payments & Mobility)inJay Dearborn(Chief Operating Officer, International)in

Co-investorsAdvection Growth CapitalNorth Atlantic Capital

2 102-10.comin𝕏

2-10 Home Buyers Warranty is a home warranty provider that offers coverage plans for homeowners' major appliances and home systems through a network of repair professionals.

InsurTechPropTech

8AM8am.comin𝕏

8am is a practice management and payments platform for legal, accounting, and professional services firms, consolidating practice management, payments, and financial tools into a single workspace.

AI & Machine LearningEnterprise SoftwareFintechSaaS

Co-investorsTA Associates

Abraconabracon.com
ACA Groupacaglobal.comin𝕏

ACA is a governance, risk, and compliance advisory firm serving asset managers and investment advisers worldwide, offering regulatory consulting, managed services, and regulatory technology solutions for fund launches, regulatory compliance, cybersecurity, and ESG advisory.

CybersecurityEnterprise SoftwareFintechLegalTechSaaS

Co-investorsWhistler Capital Partners

Accruentaccruent.comin𝕏

Accruent provides software and SaaS solutions for managing facilities, assets, and the built environment, serving enterprises across industries including construction, healthcare, and energy management.

Construction TechEnterprise SoftwarePropTechSaaSAustin, US

Arul Elumalai(Interim President and Group President of Fortive's Facilities and Asset Lifecycle (FAL))Matt Moore(Chief Financial Officer)Melissa Monk(Chief Revenue Officer)inAron England(Chief Product and Technology Officer)inMarvin Clark(Chief Digital & Services Officer)inKristi Flores(Chief Marketing Officer, SVP Partnerships & Emerging Markets)in

Acrisure Small Business Insuranceacrisure.comin

Acrisure combines advisory expertise with technology to connect businesses and individuals to insurance, employee benefits, cybersecurity, payroll, and mortgage solutions.

CybersecurityFintechInsurTech

Co-investorsNewlin Ventures

Advarraadvarra.comin𝕏

Advarra provides clinical research services and technology, including institutional review board (IRB) and institutional biosafety committee (IBC) review, data monitoring, endpoint adjudication, and consulting, along with software platforms for clinical trials.

BiotechDigital HealthEnterprise SoftwareHealthtechSaaSColumbia, US

Gadi Saarony(Chief Executive Officer)inDwight Van Inwegen(Chief Financial Officer)inScott Uebele(Chief Operating Officer)inMarco Capasso(Chief Legal and Risk Officer, Secretary to the Board)inLauri Carlile(Chief Research Services Officer)inBrian Hart(Chief Technology Officer)in

Co-investorsNorthlane Capital Partners

Alera Groupaleragroup.comin𝕏Dec 2016

Alera Group provides employee benefits consulting and alternative funding solutions for self-funded health plans.

Enterprise SoftwareFintechHR TechInsurTechDeerfield, US

PETER MARATHAS(Executive Officer)inROB LIEBLEIN(Executive Officer)inWILLIAM CORRIGAN(Executive Officer)ALAN LEVITZ(Executive Officer, Director)in

BoardCLINT BROOKS(Director)RYAN CLARK(Director)

Co-investorsFlexpoint Ford

Altramotionaltramotion.com
AMBAgetamba.comin𝕏

AMBA provides supplemental insurance and benefits solutions to retired public employees, educators, alumni groups, and professional organizations across the United States.

FintechHealthtechInsurTech

Amerilifeamerilife.comin𝕏

AmeriLife is an insurance and financial services company that helps individuals and businesses obtain financial security products such as life and health insurance.

FintechInsurTechClearwater, US

James Quinn(Executive Officer)Scott Perry(Executive Officer, Director)inR. Nathan Hightower(Executive Officer)inGideon Moore(Executive Officer)inSally Rocker(Director)John Walters(Director)

Co-investorsGenstar CapitalThomas H. Lee Partners

Amwinsamwins.comin

Amwins is a wholesale insurance broker and specialty insurance distributor that provides retail agencies and insurance carriers with access to specialty markets, proprietary products, actuarial services, and program development.

InsurTechCharlotte, US

M. Steven DeCarlo(Manager)Scott M. Purviance(Manager)inStuart Szabo(Manager)

BoardBenjamin R. Sloop(Manager)Matthew Ebbel(Manager)Marc Stad(Manager)in

Co-investorsNew Mountain CapitalParthenonDragoneer Investment Group

Aperturellcaperturellc.comin

Aperture LLC provides digital forensic investigation and expert witness services for civil, criminal, and family law matters, recovering and analyzing digital evidence from computers, mobile devices, cloud accounts, and vehicle systems.

CybersecurityDeep TechEnterprise SoftwareLegalTechAnn Arbor, US

Apex Groupapexgroup.com

Apex Group is an independent investment advisory firm specializing in alternatives and private markets, providing institutional investors with advisory services across asset classes including private equity, venture capital, hedge funds, and digital assets.

Data & InfrastructureEnterprise SoftwareFintechSaaSSector Agnostic

Co-investorsTA Associates

Arrowheadepincarrowheadepinc.comin

Arrowhead Electrical Parts is a worldwide distributor of aftermarket replacement electrical parts serving dealers, distributors, repair shops, and small businesses.

Advanced ManufacturingB2B MarketplacesLogistics & Supply ChainMobility & Transportation

Co-investorsGenstar Capital

Artivestartivest.coApr 2015

Artivest ran an online investment platform in the United States that gave investors access to private equity and hedge fund offerings.

FintechNew York, US

James WaldingerSwan Chang(Executive Officer)Stephanie Xethalis(Executive Officer)

BoardNellie Levchin(Director)Edward Brandman(Director)

Co-investors500 GlobalAnthemis VentureRRE Ventures

Ascensusascensus.com
AssetMarkassetmark.comin𝕏Nov 2016

AssetMark provides portfolio management solutions and investment consulting services to independent financial advisors, offering curated investment strategies, rigorous due diligence on investment managers, and personalized practice-based advisory support.

Enterprise SoftwareFintechSaaSConcord, US

Charles Goldman(Manager)in

Co-investorsLovell Minnick

Awlawl.com

AWL is an insurance distribution technology company that connects consumers searching for insurance online with licensed agents and operates an independent insurance agency.

InsurTechMarketing TechMarketplacesSaaSAustin, US

Brookandwhittlebrookandwhittle.com
Bullhornbullhorn.comin𝕏

Bullhorn provides recruitment and staffing software, including an AI suite called Amplify, that unifies clients, candidates, and jobs for staffing agencies of all sizes.

AI & Machine LearningHR TechSaaSBoston, US

Art Papas(Founder & CEO)in

Co-investorsInsight PartnersGenstar CapitalStone PointOhio Innovation Fund

Cerity Partnersceritypartners.comin

Cerity Partners provides investment management and wealth advisory services to individuals and families, offering full portfolio management, coordination with existing advisors, or advisory guidance.

Fintech

Jessica Farrell(Partner)inKurt Miscinski(CEO & President)in

Co-investorsLightyearW Capital PartnersWarburg PincusWest Coast Financial

Ceteracetera.comin𝕏

Cetera provides support and affiliation services for financial professionals and institutions, including financial advisors.

FintechDenver, US

Greg Olson(Executive Officer)inErinn Ford(Executive Officer)inStan Smiley(Executive Officer)Bernie Breton(Executive Officer)inLisa Gok(Executive Officer)inLarry Roth(Executive Officer)in

Co-investorsLightyear

Clariencetechnologiesclariencetechnologies.comin

Clarience Technologies engineers safety, visibility, and digital solutions for transportation fleets and vehicles, serving commercial trucks, emergency services, transit, and law enforcement.

AI & Machine LearningEnterprise SoftwareHardwareIoTLogistics & Supply ChainMobility & Transportation

Brian Kupchella(Chief Executive Officer)Robert Willing(Executive Vice President, Chief Financial Officer)inPaul Sniegocki(Executive Vice President, Engineering & Chief Technology Officer)in

Co-investorsLeonard Green

Communitybrandscommunitybrands.comin

Community Brands (Momentive) offers an AI-powered software platform for nonprofits and associations, unifying tools for association management, events, learning, fundraising, and member and donor engagement.

AI & Machine LearningImpact & Social GoodSaaS

Confieconfie.com
ConnectiveRxconnectiverx.comin

ConnectiveRx provides hub services, patient support, and patient affordability programs that help pharmaceutical manufacturers, healthcare providers, and patients access and stay on prescribed therapies.

Digital HealthHealthtechSaaS

Co-investorsForesite Capital

Constructconnectconstructconnect.comin𝕏

ConstructConnect provides software and data services to support the construction industry.

AI & Machine LearningConstruction TechEnterprise SoftwareSaaSCincinnati, US

Buck Brody(President & Chief Executive Officer)inJennifer Johnson(Chief Product Officer)inGaurav Singal(Chief Technology Officer)in

Cynclycyncly.comin𝕏

Cyncly operates a connected ecosystem of software and design tools for manufacturers and retailers in the kitchen, bath, flooring, and windows/doors/glass industries.

Advanced ManufacturingB2B MarketplacesConstruction TechEnterprise SoftwareSaaS

Co-investorsTA Associates

Daxko, Incdaxko.com

Co-investorsGolub Growth

Docupace_docupace.comin

Docupace provides workflow automation and document management software for financial services firms, wealth management companies, and their advisors to reduce paperwork, improve compliance, and streamline operations.

Enterprise SoftwareFintechSaaSNew Jersey, US

Co-investorsFTV CapitalTVC Capital

Ecmindustriesecmindustries.com
Enverusenverus.comin𝕏

Enverus provides a mineral rights management and oil and gas investment platform for tracking wells, revenue, and mineral assets across portfolios.

Data & InfrastructureEnergyFintechSaaS

Manuj Nikhanjin

Co-investorsAccel-KKRCross Creek AdvisorsInsight PartnersLighthouse Network Ventures Llc

Ertert.comin𝕏

Clario provides endpoint technologies and software for clinical trial management, serving pharmaceutical and biotech sponsors, CROs, and clinical trial sites globally.

AI & Machine LearningHealthtechMedical Devices

Co-investorsAlpine MeridianSignet Healthcare Partners

Financialhorizonsfinancialhorizons.comin

Financial Horizons is a partner organization for independent financial advisors, providing expert services, financial products, and business support tools.

Fintech

Firsteaglefirsteagle.comin

First Eagle is an investment management firm that builds portfolios through fundamental, bottom-up security analysis complemented by macroeconomic research.

FintechNew York, US

Andrew Gundlach(Director)Michael Kellen(Director)Jean-Luc Gravel(Director)Peter Seligmann(Director)Tom Hill(Director)Bridget Macaskill(Director)

Co-investorsSofina

Flourishresearchflourishresearch.comin

Flourish Research operates a network of clinical trial research sites specializing in patient recruitment and retention across therapeutic areas including cardiometabolic disease, neuroscience, oncology, and infectious diseases.

BiotechDigital HealthHealthtechMedical DevicesBirmingham, US

Iasdirectiasdirect.comin𝕏

iA American (iA American Warranty Group) provides F&I (finance and insurance) products for franchise and independent dealers, including vehicle protection plans for automotive, motorcycle, powersports, and RV, along with profit participation programs, dealer training, and income development services.

FintechInsurTechMobility & Transportation

Infinite RFinfiniterf.com

B2B direct marketer of radio frequency, microwave, and fiber optic connectors, cables, and components.

Co-investorsWindjammer Capital

Inside Real Estateinsiderealestate.comin𝕏

BoldTrail is a technology ecosystem for real estate professionals that integrates front and back office operations to support business scaling.

Enterprise SoftwarePropTechSaaS

Co-investorsAmbina PartnersLovell Minnick

Insurityinsurity.comin𝕏

Insurity builds cloud-based software platforms and AI-enabled workflows for property and casualty insurers, MGAs, and Lloyd's managing agencies to manage operations, underwriting, and risk.

AI & Machine LearningCloud ComputingEnterprise SoftwareInsurTechSaaS

Co-investorsTA Associates

Issgovernanceissgovernance.com
Jetsupportjetsupport.comin𝕏

JSSI provides hourly cost maintenance programs, maintenance tracking software, parts procurement, and aircraft financing services for private business jet owners and operators.

FintechLogistics & Supply ChainMobility & TransportationSaaSChicago, US

Neil Book(Chairman & CEO)in

Co-investorsGenstar Capital

Lightspeedsystemslightspeedsystems.comin𝕏

Lightspeed Systems provides software and services to schools for network security, student safety monitoring, and IT budget management.

CybersecurityEdTechSaaS

Likewizelikewize.com
Marconemarcone.comin𝕏

Marcone is a distributor of OEM repair parts and supplies for residential and commercial appliances and plumbing, serving repair providers across North America.

Advanced ManufacturingB2B MarketplacesLogistics & Supply Chain

Masaglobalmasaglobal.comin

MASA (Medical Access & Service Advantage) offers prepaid membership plans that cover out-of-pocket costs for emergency air and ground medical transportation, such as ambulance bills.

HealthtechInsurTech

Merceradvisorsmerceradvisors.comin𝕏

Mercer Advisors provides wealth and financial management services, offering sophisticated investment strategies historically used by ultra-high net worth individuals to a broader family clientele.

Fintech

Co-investorsWP Global Partners

MidCap Financialmidcapfinancial.comin

MidCap Financial provides flexible financing solutions for various client types and opportunities, leveraging industry expertise to deliver tailored credit products.

Fintech

Co-investorsMidCap Financial Investment

Mw Indmw-ind.comin

MW Components manufactures engineered metal components and fasteners for aerospace, defense, energy, oil and gas, and medical industries.

Advanced ManufacturingDefense TechHardwareNew Materials

Netsmart Technologiesntst.comin𝕏

Netsmart provides behavioral health information technology solutions and advocacy services supporting the expansion of Certified Community Behavioral Health Clinics and integrated mental health care delivery.

Enterprise SoftwareGovTechHealthtechMental HealthSaaS

Co-investorsBessemer Venture PartnersSpectrum Equity

Numerixnumerix.comin𝕏

Numerix provides financial software platforms and analytics for derivatives, fixed income, structured finance, and convertible bond trading and risk management, serving financial institutions and institutional investors.

AI & Machine LearningEnterprise SoftwareFintechSaaSFair Lawn, US

NuventixMar 2012Acquired

Company offering thermal management solutions using synthetic jet technology for electronics cooling applications.

Austin, US

David Kollen(Executive Officer)Tom Dalton(Executive Officer)Steve Farrell(Executive Officer)Stuart Sorensen(Executive Officer)James A, Balthazar(Executive Officer, Director)Steve Darbin(Executive Officer)

Co-investorsBraemar Energy VenturesGE Energy Financial ServicesRho Ventures

Obsidianspecialtyobsidianspecialty.comin

Obsidian Specialty builds reinsurance programs and partnerships, connecting reinsurers, MGAs, and brokers through bespoke program structures and quota share retention models.

FintechInsurTech

William Jewett(Chief Executive Officer)Craig Rappaport(President and Chief Operating Officer)in

Oeconnectionoeconnection.comin

OEC provides software solutions and services for the automotive aftermarket and collision repair industries, connecting dealers, repair shops, and parts suppliers through digital platforms for parts procurement, ordering, and repair management.

B2B MarketplacesEnterprise SoftwareLogistics & Supply ChainMobility & TransportationSaaSCleveland, US

Co-investorsFrancisco Partners

Orionorion.comin𝕏

Orion provides a digital investment portal that enables financial advisors and wealth management firms to access and deploy vetted strategist models for equities, fixed income, and alternatives across client portfolios at scale.

AI & Machine LearningFintechSaaS

Otcindustrialotcindustrial.comin

OTC Industrial Technologies is a one-stop industrial and manufacturing solutions supplier serving diverse industries across the United States.

Advanced ManufacturingB2B MarketplacesEnterprise SoftwareHardwareLogistics & Supply Chain

Palomarspecialtypalomarspecialty.comin

Palomar is a specialty insurance company offering property and casualty insurance products to individuals and businesses across five categories: Earthquake, Casualty, Inland Marine and Property, Crop, and Surety and Credit.

FintechInsurTechLa Jolla, US

PDI Technologiespditechnologies.comin𝕏

PDI Technologies provides software and data solutions for convenience retail and petroleum wholesale businesses to manage operations, supply chain, and customer experience across 60+ countries.

Enterprise SoftwareRetail TechSaaSSan Francisco, US

Greg GilkersoninJimmy Frangis(CEO, PDI)inDouglas Henderson(Chief Strategy Officer)inLinnea Geiss(Chief Operating Officer)inNicole Wu(Chief Financial Officer)inBeth Strickland(Chief Human Resources Officer)in

Co-investorsLuminateTA Associates

Exits Β· 1

IPOs and acquisitions across the tracked portfolio

WEX, Inc.NYSE: WEX

Portfolio news

latest coverage across their companies

Fund performance Β· per public LP disclosures Β· 21

as of Mar 2025
FundVintageCommittedNet IRRTVPIDPI
Genstar Capital Partners Fund, XI, LPLPs: Empire State Development – New York Ventures2023β€”β€”1.08x0.09x
Genstar Capital Partners XILPs: Oregon Public Employees Retirement System, California Public Employees' Retirement System, Michigan Municipal Employees' Retirement System +5 more2023β€”β€”1.14x0.08x
Genstar Capital Partners XIrLPs: Orange County Employees Retirement System2023β€”β€”1.20x0.09x
Genstar Capital XILPs: Northern LGPS2023β€”β€”1.23x0.00x
Genstar XI Opportunities FundLPs: Los Angeles City Employees' Retirement System, Oregon Public Employees Retirement System2023β€”β€”1.15x0.02x
Genstar XI Opportunities Fund I, L.P.LPs: California Public Employees' Retirement System, Michigan Municipal Employees' Retirement System2023β€”β€”1.16x0.04x
Genstar Capital Partners XLPs: Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System, California Public Employees' Retirement System +6 more2021β€”β€”1.10x0.04x
Genstar Capital Partners X Opportunities ProgramLPs: Ventura County Employees' Retirement Association2021β€”β€”1.23x0.06x
Genstar Capital XLPs: Northern LGPS2021β€”β€”1.11x0.00x
Genstar X Opportunities Fund ILPs: California Public Employees' Retirement System, Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System +1 more2021β€”8.8%1.27x0.06x
Genstar Capital IXLPs: Northern LGPS2019β€”β€”1.99x0.69x
Genstar Capital Partners IXLPs: Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System, Northern LGPS +6 more2019β€”β€”2.17x1.07x
Genstar Capital Partners IX Opportunities ProgramLPs: Ventura County Employees' Retirement Association2019β€”20.4%2.13x0.93x
Genstar IX Opportunities Fund ILPs: Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System, Los Angeles City Employees' Retirement System2019β€”20.1%2.10x0.93x
Genstar Capital Partners VIIILPs: Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System, Nebraska Investment Council +1 more2017β€”24.5%2.66x1.23x
Genstar VIII Opportunities FundLPs: Oregon Public Employees Retirement System2017β€”19.5%2.68x1.41x
Genstar VIII Opportunities Fund ILPs: Michigan Municipal Employees' Retirement System, Oregon Public Employees Retirement System2017β€”17.6%1.60x0.29x
Genstar Capital Partners VI, L.P.LPs: The Regents of the University of California2011β€”36.6%2.02x2.02x
Genstar Capital Partners V, LP LBOLPs: California State Teachers' Retirement System2007β€”15.5%2.41x2.41x
Genstar Capital Partners IV, L.P.LPs: The Regents of the University of California2004β€”8.3%1.51x1.51x
Genstar Captial Partners VIILPs: West Yorkshire Pension Fundβ€”β€”β€”2.54x2.03x

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

How many investments has Genstar made?
Genstar has 79 tracked investments, 2 of which have exited via acquisition or IPO.
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.
Who does Genstar co-invest with?
Genstar most often shares deals with TA Associates, Foresite Capital, Insight Partners, among 46 tracked co-investors.

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