Prominent fund invests in area insurance firm

A global investment firm with $584 billion in assets under management has put a major vote of confidence in one area firm.

In late December, funds managed by Blackstone Tactical Opportunities acquired a significant stake in Bradenton-based Sunz Holdings LLC. Sunz Holdings is the parent company of Sunz Insurance, a fast-growing national workers’ compensation insurance firm. The 350-employee firm has grown revenue 203% since 2016, from $137 million to $415.02 million in 2019.