Sun Capital LPs ask to reduce commitments

A group of LPs has asked Sun Capital for the ability to shrink commitments to its $6bn fifth fund because of ‘liquidity issues’ and asset allocation imbalances.

A group of limited partners in Sun Capital Partners $6 billion fifth fund is in discussions with the firm to reduce outstanding commitments, according to a source close to the situation.

The LPs would like to cut their original commitments because of “liquidity issues” and “asset allocation” imbalances, the source said.