Summit Partners Secures $9.5 Billion for Growth Fund XII
Summit Partners Announces Fundraising Success
Summit Partners has successfully closed its latest flagship U.S. growth equity fund, raising an impressive $9.5 billion. This significant amount marks a major milestone for the firm, which is known for its robust growth equity investment strategies. The fundraising, which began in late April, concluded after just five months, demonstrating the strong demand for investment in top-tier growth opportunities.
Leadership Insights on the Fund
Peter Chung, the Managing Director and CEO of Summit Partners, expressed gratitude towards both long-time investors and new partners. “With the closing of our latest flagship fund, we will continue to execute our growth equity investing strategy,” Chung noted. This strategy is characterized by a belief in the sustainable nature of profitable growth, which offers the most reliable avenue for superior returns. The firm is focused on maintaining strong partnerships with portfolio companies in key sectors, ensuring a promising outlook for continued investments.
The Global Team Behind Summit Partners
Today, Summit Partners boasts a team of over 100 investment professionals dedicated to various growth sectors. Their diverse expertise spans technology, healthcare, financial technology, and more. The team collaborates across multiple global offices, drawing on decades of experience to support businesses in their growth journey. Summit Partners emphasizes the importance of adding value, offering specialized resources that enhance strategic goals such as revenue optimization and digital marketing.
The Path Forward for Summit XII
With its new $9.5 billion fund, Summit Partners is poised to target investments ranging from $75 to $500 million. The focus will primarily be on backing profitable, category-leading companies. This fund represents a continuation of the firm's legacy that began with its first investment venture back in 1984. Today, Summit manages over $46 billion in assets across various funds, a testament to its successful investment strategy.
About Summit Partners
As a leading investment firm, Summit Partners specializes in growth equity across important sectors of the global economy. Since its inception in 1984, the firm has invested in more than 550 companies, enabling them to achieve significant milestones such as over 175 public equity offerings. Summit believes in the power of collaboration and strategic investments to foster profitable growth worldwide.
Frequently Asked Questions
What is the total amount raised by Summit Partners for its new fund?
Summit Partners has raised a total of $9.5 billion for its Growth Equity Fund XII.
When did Summit Partners launch the fundraising for this fund?
The fundraising for Summit Partners Growth Equity Fund XII was launched in late April 2024 and closed five months later.
What sectors does Summit Partners primarily invest in?
Summit Partners primarily invests in sectors including technology, healthcare, financial technology, and consumer services.
How many investment professionals does Summit Partners employ?
Summit Partners employs over 100 investment professionals within its global team.
What types of investments does Summit XII focus on?
Summit XII focuses on majority and minority investments ranging from $75 to $500 million in category-leading, profitable growth companies.
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