Genstar Capital

Genstar Capital was founded in 1988 by former executives of Genstar Corporation, a Canadian building-materials and financial-services company that had been sold and broken up in the mid-1980s. The firm's founders included Angus MacNaughton, Ross Turner, Richard D. Paterson, and John A. West, who initially raised a 100 million dollar pool of capital to fund leveraged buyout transactions.

While the firm originally focused on industrial manufacturing, its strategy evolved following the arrival of J-P Conte in 1995 to include growth sectors such as healthcare and industrial technology. In the 2000s, the firm further expanded its investment scope to include financial services and software. Today, Genstar operates as a major player in the middle market, ranking among the world's largest private equity firms.

The firm has raised eleven flagship investment funds since its inception, with its most recent Fund XI closing at 12.6 billion dollars in 2023. Beyond its investment activity, Genstar has participated in initiatives to increase board diversity within its portfolio companies through partnerships like the Modern Leadership Initiative.