Firm: Sun Capital Partners
Fund: Sun Capital Partners V
Hard Cap: $6B
Final Close: Early April
The Boca Raton, Fla., based-firm, which acquired 33 companies in 2006, is expected to close
Sun Capital appears to have attracted an especially devoted set of backers. One long-time limited partner praised the firm’s founders, Marc Leder and Rodger Krouse, for having built an “amazingly process-driven and constantly learning organization.” It looks like this fundraising from start to finish will take about six weeks, and previous funds have been raised just as quickly.
Past investors in Sun Capital funds include
The firm is one of the most acquisitive in the business, having invested in over 140 companies since its inception in 1995. The firm has offices in Boca Raton, Los Angeles and New York, with affiliates in London, Tokyo and Shenzhen. It staffs over 100.
Current portfolio companies include Lee Cooper, the British jeans and clothing maker; Lillian Vernon, the White Plains, N.Y.-based household products catalog company; Indianapolis, Ind.-based Marsh Supermarkets; and Green Bay, Wisc.-based Shopko Stores Inc.
In 2005, Sun Capital’s VP of Communications and Investor Relations, Richard Hurwitz, told Buyouts that Fund IV would have a four-year time horizon to make investments, as opposed to its first two funds, which had two-year investment periods. But the firm didn’t even need two years. Hurwitz declined comment for this article.
Sun’s first investment vehicle was a $28 million pledge fund, which eventually gave way to