Wednesday, 1 April 2015
Last updated 39 min ago
Apr 10 2007 | 3:10pm ET
Boca Raton, Fla.-based private equity firm Sun Capital Partners has closed its latest leveraged buyout fund at $6 billion, 50% more than its original target. Investors in Sun Capital Partners V include existing and new university endowments, funds of funds, pension funds and high net-worth investors.
"We are pleased to close on Fund V and are extremely appreciative of the continued support of our limited partners," said Marc Leder, co-founder of Sun Capital. "We welcome our new investors to our family of limited partners and are enthusiastic about the investment opportunities for Fund V." Douglas Gessner, a partner at Kirkland & Ellis, served as the legal advisor to Fund V.
Sun Capital focuses on companies with significant barriers to entry. In addition to Florida, the firm has offices in New York and Los Angeles.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…