Summit Partners, a global alternative investment firm, closed two equity funds with combined commitments of $4.0 billion.
They include:
– Summit Partners Growth Equity Fund IX is a $3.3 billion fund targeting equity investments of more than $50 million, and
– Summit Partners Venture Capital Fund IV is a $730 million fund targeting equity investments of up to $50 million.
Both funds will makes minority and majority investments in category-leading companies across key industry sectors including technology, healthcare, financial technology and services, consumer and industrial, partnering with their entrepreneurs and management teams, and delivering post-investment support (via its dedicated portfolio services teams – its Peak Performance Group, Capital Markets Team, Talent & Recruiting Team, and Executive Partner Programs) to accelerate growth and enhance value.
With more than 100 investment professionals across offices in Boston, Menlo Park and London, Summit offers expertise and resources to help category-leading companies accelerate their growth and build businesses of lasting value.
Since its inception in 1984, the firm has invested in more than 440 companies and managed combined assets of more than $20 billion.
FinSMEs
04/04/2017