Sun Capital pitching a roughly $2.5bn fund to investors

The firm typically targets equity investments of between $50m and $500m in companies based in Europe and North America with Ebitda of more than $15m

Sun Capital Partners is seeking some $2.5bn for its eighth flagship fund, as the private equity firm seeks to continue growing its technology and healthcare portfolios, according to people familiar with the fundraising.

At about $2.5bn, the Florida-based firm’s new fund would be roughly $200m larger than its predecessor, Sun Capital Partners VII, which closed on $2.3bn in 2019.

Sun Capital has raised approximately $13 billion through seven flagship buyout funds and has invested in over 420 portfolio companies worldwide with revenues in excess of $50 billion across a wide range of industries, including business services, technology and healthcare.

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