SUN CAPITAL ADVISORS, L.P. other names

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Adviser Profile

As of Date:

03/27/2024

Adviser Type:

- Large advisory firm


Number of Employees:

92 -26.40%

of those in investment advisory functions:

45 -23.73%


Registration:

SEC, Approved, 3/27/2012

AUM:

6,609,092,746 -12.55%

of that, discretionary:

6,609,092,746 -12.55%

GAV:

6,609,092,746 -12.55%

Avg Account Size:

440,606,183 -12.55%


SMA’s:

NO

Private Funds:

15

Contact Info

561 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
10B 8B 7B 5B 4B 3B 1B
2015 2016 2017 2018 2019 2020 2021 2022 2023


Private Funds Structure

Fund Type Count GAV
Hedge Fund 2 $15,710,614
Private Equity Fund 13 $6,593,382,132

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SOFTVEST ADVISORS, LLC 473.6m - 54.7m - - - - 528.3m 544.2m 6
CORSAIR CAPITAL LLC 1.2b - 5.1b - - - - 6.2b 8.4b 47
GOLDEN GATE PRIVATE EQUITY INC. 8.8b - 910.9m - - - - 9.7b 10.5b 18
CDH INVESTMENT ADVISORY PRIVATE LIMITED 132.6m - 3.7b - - - - 3.9b 3.6b 4
BURFORD CAPITAL INVESTMENT MANAGEMENT LLC - - 3.4b - - - - 3.4b 3.4b 12
RRG CAPITAL MANAGEMENT LLC 296.7m - 1.5b - - - - 1.8b 2.5b 8

Private Funds



Employees




Brochure Summary

Overview

Sun Capital Advisors, a Delaware limited partnership, is a registered investment adviser and the management company of the private investment firm commonly known as “Sun Capital Partners” and provides, through affiliated entities, investment advisory services to several funds privately offered to qualified investors in the United States and elsewhere with assets totaling approximately $7.6 billion as of December 31, 2022. Sun Capital Partners, Inc. (“SCPI”), an affiliate of Sun Capital Advisors, commenced operations in 1995. The following are the affiliated investment advisers of Sun Capital Advisors (together with Sun Capital Advisors, each, an “Adviser,” and collectively, the “Advisers”): General Partners
• Sun Capital Advisors III, LP, a Cayman Islands exempted limited partnership (“Sun Capital III”);
• Sun Capital Advisors IV, LP, a Cayman Islands exempted limited partnership (“Sun Capital IV”);
• Sun Capital Advisors V, L.P., a Cayman Islands exempted limited partnership (“Sun Capital V”);
• Sun Capital Advisors VI, L.P., a Cayman Islands exempted limited partnership (“Sun Capital VI”);
• Sun Capital Advisors VII, L.P., a Cayman Islands exempted limited partnership (“Sun Capital VII”);
• Sun Capital Advisors VIII, L.P., a Cayman Islands exempted limited partnership (“Sun Capital VIII”);1 and
• Sun Capital Securities Advisors, LP, a Cayman Islands exempted limited partnership (“SCSA”). 1 Sun Capital VIII is a Fund Advisor (as defined below) to a private investment fund that has begun making investments, but has not yet held a final closing for limited partner commitments. Investment Managers
• Sun Capital Securities Management, LP, a Cayman Islands exempted limited partnership (“SCSM”);
• Sun Capital Advisors VII-AIFM, LLC, a Delaware limited liability company (“SCA VII AIFM”); and
• Sun Capital Advisors VIII-AIFM, LLC, a Delaware limited liability company (“SCA VIII AIFM”). Sun Capital Advisors’ clients include the following (together with any future private investment fund to which Sun Capital Advisors or its affiliates provide investment advisory services, each, a “Fund,” and collectively, the “Funds”):
• Sun Capital Partners III, LP, a Delaware limited partnership (“Fund III Non-QP”);
• Sun Capital Partners III QP, LP, a Delaware limited partnership (“Fund III QP,” and together with Fund III Non-QP, “Fund III”);
• Sun Capital Partners IV, LP, a Delaware limited partnership (“Fund IV”);
• Sun Capital Partners V, L.P., a Cayman Islands exempted limited partnership (“Fund V”);
• Sun Capital Partners VI, L.P., a Cayman Islands exempted limited partnership (“Fund VI”);
• Sun Capital Partners VII, L.P., a Cayman Islands exempted limited partnership (“Fund VII”);
• Sun Capital Partners VIII-A, L.P., a Cayman Islands exempted limited partnership (“Fund VIII-A”);
• Sun Capital Partners VIII, L.P., a Cayman Islands exempted limited partnership (together with Fund VIII-A, “Fund VIII,” and collectively with Fund III, Fund IV, Fund V, Fund VI and Fund VII, the “LBO Funds”);
• Sun Capital Securities Fund, LP, a Delaware limited partnership (“Onshore Fund”); and
• Sun Capital Securities Offshore Fund, Ltd., a Cayman Islands exempted company (“Offshore Fund” and, together with the Onshore Fund, the “Securities Funds”), The advisory services of the Advisers are described in this Brochure. The general partner entities listed above (each, a “General Partner,” and collectively, together with any future affiliated general partner entities, the “General Partners”) each serve as general partner to one or more Funds, and the investment managers listed above (collectively, the “Investment Managers”) each serve as the investment manager to one or more of the Funds. Each General Partner and Investment Manager is deemed registered under the Advisers Act pursuant to Sun Capital Advisors’ registration in accordance with SEC guidance. The General Partners and Investment Managers make arrangements for investment advisory and other services (including personnel) from Sun Capital Advisors to fulfill their obligations to the Funds. The General Partners of the LBO Funds are referred to herein as “LBO Fund General Partners.” References in this Brochure to the “Fund Advisor” mean the relevant Adviser(s) arranging such services from Sun Capital Advisors
and/or its affiliates and their respective personnel on behalf of the Funds. The Funds are private investment funds and, with respect to the LBO Funds, generally invest through negotiated transactions in holding companies that in turn own operating entities, generally referred to herein as “portfolio companies.” Each portfolio company typically has its own independent management team responsible for managing its day-to-day operations, and the Advisers’ involvement is limited to the functions (e.g., board representation, consulting and monitoring services, etc.) expressly set forth in this Brochure. Each Fund is a pooled investment vehicle, and individual investors generally are not permitted to place limitations on a Fund’s investments or restrict the Fund Advisor’s investment authority. See “Investment Discretion.” The Securities Funds were originally established to make investments in non-controlling and, to a limited extent, controlling positions in both private and public debt and equity securities; however, the Securities Funds are no longer making new platform investments, have a limited number of remaining holdings and are in the process of winding down. Additionally, although investments of the LBO Funds are made predominantly in non-public companies, investments in certain public companies are permitted. From time to time, the senior principals or other personnel of Sun Capital Advisors or its affiliates serve on portfolio companies’ respective boards of directors and provide business advisory and consulting services to, or otherwise act to influence control of the management of, such portfolio companies. The Fund Advisor’s control of the business and affairs of the Funds consists of identifying and evaluating investment opportunities, negotiating the terms of investments, managing and monitoring investments and achieving dispositions for such investments, each on a discretionary basis. The Fund Advisor’s activities for the Funds are detailed in the relevant private placement memorandum and limited partnership agreement, articles of association or other governing document, as applicable (each such document, a “Fund Agreement”), and are further described below under “Methods of Analysis, Investment Strategies and Risk of Loss.” Limited partners or shareholders, as applicable (generally referred to herein as “Investors” or “limited partners”), in the Funds generally participate in the overall investment program of the applicable Fund, although certain Investors in the Funds in certain circumstances are excused from particular investments due to legal, regulatory or other agreed-upon circumstances pursuant to the relevant Fund Agreement; such arrangements generally do not and will not create an adviser-client relationship between Sun Capital Partners and any Investor. In addition to the Funds listed above, (i) a Fund Advisor (MBMG Co-Investment Vehicle GP, LLC) serves as the General Partner of MBMG Co- Investment Vehicle, L.P., a Delaware limited partnership, (ii) a Fund Advisor (WD Co-Investment Vehicle GP, LLC) serves as the General Partner of WD Co-Investment Vehicle, L.P., a Delaware limited partnership, (iii) a Fund Advisor (SOS Co-Investment Vehicle GP, LLC) serves as the General Partner of SOS Co-Investment Vehicle, L.P., a Delaware limited partnership, (iv) a Fund Advisor (ASG Co-Investment Vehicle, LLC ) serves as the General Partner of ASG Co-Investment Vehicle, L.P., a Delaware limited partnership, and (v) a Fund Advisor (TTSI Co-Investment Vehicle GP, LLC) serves as the General Partner of TTSI Co-Investment Vehicle, L.P., a Delaware limited partnership, in each case that was formed by the Advisers to facilitate a co-investment in a single portfolio company. As of December 31, 2022, Sun Capital Advisors managed approximately $7.6 billion in client assets on a discretionary basis. Sun Capital Advisors primarily is owned by the MJL Living Trust and the RRK Living Trust, trusts established on behalf of Marc J. Leder and Rodger R. Krouse, the co-founders of Sun Capital Partners and Co-CEOs of SCPI and Sun Capital Advisors. Since inception, Marc J. Leder and Rodger R. Krouse have controlled Sun Capital Advisors and its affiliates. Sun Capital Advisors also maintains an Executive Committee, consisting of the Co- CEOs along with M. Steven Liff and Tim Stubbs. As of 2021, all members of the Executive Committee participate in management company economics.