Wynnchurch closes Fund IV on $1.2 bln

Wynnchurch Capital has flown through fundraising on its latest investment vehicle.

The Rosemont, Illinois-based firm closed Fund IV on $1.2 billion, beating its $900 million target. Wynnchurch Capital Partners IV, L.P. officially hit the market in September.

Middle market-focused Wynnchurch closed its third fund on $603 million in 2011 after two years in the market. Wynnchurch Capital II closed on $350 million in 2006. Fund I raised $163 million in 2000, peHUB reported. Wynnchurch also manages a co-investment vehicle.

In total, the firm invested about $705.2 million in 41 platform investments from inception through Dec. 31, 2013, according to regulatory filings from the firm with the U.S. Securities and Exchange Commission.

Fund III was generating a 1.3x as of March 31, 2013, according to alternative investment data provider Bison. No performance information was available for Fund I or II.

Wynnchurch, which targets niche manufacturing and business services companies, is led by managing partner John Hatherly and partners Frank Hayes and Terry Theodore. Earlier this year, the firm brought on Jude Thompson to its newly formed executive advisory board. Thompson was most recently president and co-chief executive officer of Papa John’s International Inc.

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