Chicane Capital Management

Marc J. Leder and Rodger R. Krouse, the co-founders of Sun Capital Partners, lead all investment decisions at Chicane. The two have worked together since founding Sun Capital in 1995 and built it into one of the most active middle-market private equity firms globally. Their investment judgment at Chicane is informed by overseeing hundreds of buyout, turnaround, and distressed-debt transactions across multiple economic cycles.

Chicane is the private investment office for Sun Capital founders Marc Leder and Rodger Krouse. It co-invests alongside Sun Capital's flagship funds in some transactions but also operates independently, pursuing deals outside Sun Capital's mandate. The two entities share sector expertise and due-diligence capabilities but are legally distinct — Chicane deploys the principals' personal capital rather than third-party limited-partner commitments.

Chicane pursues both. It co-invests alongside Sun Capital Partners on select buyout and distressed transactions, but it also originates and executes independent deals — particularly in carve-outs, non-core subsidiary acquisitions, and structured situations that may not fit Sun Capital's fund mandates. This dual approach allows Leder and Krouse to capture deal flow they would otherwise pass on.

Chicane's primary focus is control-oriented private equity in middle-market companies, with an emphasis on operational turnarounds and distressed-for-control situations. The firm also deploys capital in structured credit, select real estate, and occasionally public-equity situations where an influence-oriented stake is achievable. The portfolio reflects Sun Capital's historic sector footprint: consumer products, industrial manufacturing, healthcare services, and packaging.

No. Chicane manages the personal capital of Marc Leder and Rodger Krouse exclusively. It is not a registered investment adviser soliciting external capital. This single-family-office structure eliminates fund-life constraints and limited-partner reporting requirements, giving the principals total discretion over hold periods and exit timing.