The latest to leave is Kevin Feinblum, a principal who had been with the firm since 2003. He previously had been with Lehman Brothers. No official word yet on Feinblum’s destination, but multiple sources tell peHUB that he has agreed to join Advent International (presumably in Boston, since Advent doesn’t have a New York office).
Feinblum’s departure comes just a month after fellow New York principal David Blechman quit to join Tower Three Partners, and within the same year that Sun canned half of its New York staff as part of firm-wide layoffs. That’s quite a lot of empty seats, particularly for a firm that still has not cut its bloated fund size (as of last check).
I’m told that Sun does not plan to specifically replace Feinblum, although the firm is known for promoting from within. Also worth noting that Sun is currently seeking to hire six new associates and a VP of operations.
Advent International declined to comment.