Fund Management
What's New In Investments, Funds? – Summit Partners
The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.
Summit Partners
Summit
Partners, a growth equity investment firm operating in the
US, UK and Luxembourg, has announced the closing of its latest US
growth equity fund.
Called Summit Partners Growth Equity Fund XII, fundraising started in late April this year. It has shut doors on the process with $9.5 billion in capital. Consistent with the firm’s prior funds, the general partner will be the single largest investor in Summit XII.
Summit XII will target majority and minority investments of $75
to $500 million primarily in profitable, category-leading growth
companies.Summit Partners was founded in 1984. Since then, it has
invested in more than 550 companies in technology, healthcare and
other growth industries. These companies have completed more than
175 public equity offerings. Summit is registered with the SEC in
the US and the FCA in the UK. It has offices in Boston, Menlo
Park and New York, as well as London and Luxembourg.
