Genstar Capital, a San Francisco-based private equity firm focused on the industrials, software, financial services and healthcare industries, has closed its Genstar Capital Partners XI with approximately $12.6 billion in total commitments.

Genstar will continue to make control investments in middle market companies primarily headquartered in North America. In addition, Genstar raised committed overage capacity from select limited partners which will co-invest in Fund XI’s larger transactions. The general partner and affiliated entities are collectively the largest investor in Fund XI and will continue to be led by managing partners Ryan Clark, Jean-Pierre Conte, Rob Rutledge, Tony Salewski and Eli Weiss.

Evercore Partners served as placement agent for the fund and Weil, Gotshal & Manges LLP provided legal advice.