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Adviser Profile

As of Date 04/24/2024
Adviser Type - Large advisory firm
Number of Employees 47 6.82%
of those in investment advisory functions 29 11.54%
Registration SEC, Approved, 3/30/2012
AUM* 48,648,549,452 35.39%
of that, discretionary 48,648,549,452 35.39%
Private Fund GAV* 48,648,549,452 35.39%
Avg Account Size 1,520,267,170 26.93%
SMA’s No
Private Funds 32 2
Contact Info 415 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management

Recent News

Reported AUM

Discretionary
Non-discretionary
36B 31B 26B 21B 15B 10B 5B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count32 GAV$48,648,549,452

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Brochure Summary

Overview

General Information This brochure is prepared on behalf of Genstar Capital Management LLC, Genstar Capital Partners LLC, and Genstar Capital LLC (together with their affiliates that provide advisory services to and/or receive management fees from the Funds (as defined below), “Genstar” or the “Firm”), in accordance with the requirements of Rule 203-1 under the Investment Advisers Act of 1940, as amended, (“Advisers Act”) and Form ADV. Such affiliates may or may not be under common control with Genstar Capital Management LLC, but possess a substantial identity of personnel and/or equity owners with Genstar Capital Management LLC. These affiliates may be formed for tax, regulatory or other purposes in connection with the organization of the Funds (as defined below), or may serve as General Partners (as defined below) of the Funds. The information herein responds to specific information required by Rule 203-1, and Form ADV, and does not contain all of the terms of an investment in any of the Funds. Investors should refer to the information in the Fund Documents (as defined below) for additional information regarding an investment in any of the Funds. Our Firm Genstar is a San Francisco-based private investment firm. The principal owners of Genstar Capital Management LLC, Genstar Capital LLC, and Genstar Capital Partners LLC are Jean-Pierre L. Conte, J. Ryan Clark, Anthony J. Salewski, Robert S. Rutledge, and Eli P. Weiss (the “Managing Partners”). Genstar has been in business for approximately 35 years. Genstar makes controlled, growth-oriented private equity investments in middle-market companies headquartered in North America. Middle-market companies generally are companies having an enterprise value of approximately $250 million to $1.5 billion. The Firm targets investments in four core industry verticals (“Core Verticals”) of Financial Services, Healthcare, Industrials, and Software. Genstar’s advisory services consist of providing investment advice and other management and administrative services, including investigating, structuring, and negotiating potential investments on behalf of the Funds, monitoring the performance of such investments and advising as to disposition of such investments. Genstar may serve as the investment adviser or general partner to the Funds in order to provide such services. Ownership and Structure Genstar is a Delaware limited liability company that is registered with the SEC as an investment
adviser under the Advisers Act. Together with trusts for the benefit of their families, the Managing Partners are the principal owners of the Firm. Nature of Our Clients Genstar provides discretionary investment management services through affiliated General Partners to private investment funds (the “Funds”). The Funds are typically U.S. limited partnerships or other investment vehicles that are not registered or required to be registered under the U.S. Investment Company Act of 1940, as amended, (“1940 Act”) or the U.S. Securities Act of 1933, as amended, (“Securities Act”), and are privately placed to qualified investors in the U.S. and elsewhere. The Funds are collectively referred to in this brochure as “Clients.” Persons and entities that invest in the Funds are referred to in this brochure as “investors” or “limited partners.” Genstar provides investment advice and other services directly to the Funds and not individually to the investors in the Funds. Genstar does not currently participate as manager in any wrap fee programs. Types of Advisory Services Offered Discretionary investment management services are provided to the Funds in accordance with the terms of private placement memoranda and relevant offering materials and governing documents, including limited partnership agreements, side letters and management agreements, of the Funds (together, the “Fund Documents”). Discretionary investment management services are provided directly to each Fund, subject to the discretion and control of the applicable general partner of such Fund, Genstar Capital V, L.P., Genstar Capital VI, L.P., Genstar Capital VII, L.P., Genstar Capital VIII, L.P., Genstar Capital IX, L.P., Genstar Capital X, L.P. and Genstar Capital XI, L.P. (each a “General Partner” and, collectively, the “General Partners”), and not individually to the investors in such Fund. The terms upon which the Firm serves as investment manager of a Fund are established at the time such Fund is established and are generally set out in the Fund Documents applicable to such Fund. These terms may vary among each Fund and potentially restrict investments in accordance with certain diversification provisions. Assets Under Management As of December 31, 2023, Genstar managed $48,648,549,452 of Client assets, all of which are managed on a discretionary basis. This includes the committed capital that may be called by the Funds from their respective limited partners.