New York-based Falconhead Capital Partners has hired Richard Hurwitz, former vice president of communications and investor relations at Sun Capital Partners, to serve as a principal on the firm’s investor relations team.
Hurwitz, who left Sun Capital in March after a five year stint, had an “amicable” parting with the firm, a source told PEO.
At Sun Capital, Hurwitz was integral in helping the firm raise its fifth fund, which closed on $6 billion in 2007 before being reduced to roughly $5 billion last year.
Falconhead Capital focuses on investments in lower mid-market companies in the consumer, leisure/lifestyle and media sectors.
The firm was one of several private equity managers, including Riverstone Holdings, Pacific Corporate Group and HM Capital, to settle cases with New York attorney general Andrew Cuomo related to the state’s wide-ranging pension pay-to-play scandal last year. According to a statement from the attorney general’s office, Falconhead paid $1.3 million as a result of the settlement.
Founded in 1998 with over $500 million under management, Falconhead also has offices in San Diego and was originally named Sports Capital Partners with a focus on “sports and related business” before changing its operations.