More Details on Sun Capital's Potential Fund Size Reduction
As we reported yesterday, Sun Capital's investor advisory board approached the firm about reducing the size of its fifth fund. Those talks are in very early stages with nothing agreed-upon yet, but today a source revealed a few more details. Investors are seeking a fund cut of approximately 25% of remaining capital, peHUB has learned. As reported, the $6 billion fund has $4.44 billion remaining, so, the size cut would be approximately $1.11 billion. The source said Sun Capital's founders, Rodger Krouse and and Marc Leder, have been receptive to the idea of a reduction and are working on a solution with the investors. However, Sun Capital's fee structure may complicate things.
13 August 2009•2 mins read
