Diligence memo · auto-generated · as of July 3, 2026
Sun Life Assurance CO of Canada (US) Variable Account S
Sun Life Assurance CO of Canada (US) Variable Account S looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Sun Life Assurance CO of Canada (US) Variable Account S operates in Other, based in Wellesley Hills.
Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Sun Life Assurance CO of Canada (US) Variable Account S has raised $784M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $298M on 2007-04-19.
Most recent recorded round closed around 2007-04-19.
Valuation (modeled)modeled
Provath models Sun Life Assurance CO of Canada (US) Variable Account S at approximately $5.2B (range $1.7B–$11.3B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.32× the median modeled value of Series D+ Other companies in 2007–2009 (21 peers) — value vs value, same stage and era. Within the normal band (132% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 19.2 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 1.0× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 100% of Other peers (25015 compared).
Modeled value ranks above 99% of those peers.
Closest niche peers: Prime Infrastructure Trust 2, Prime Infrastructure Trust, Prime Infrastructure Holdings Ltd, BEN Holdings, Inc., Alliance Laundry Equipment Receivables Trust 2009-A.
Peoplefiled
1 named person on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Broad sector classification weakens peer comparison.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.