Summit Partners Raises $9.5 Billion for Twelfth U.S. Growth Equity Fund

– Summit Partners closed its latest flagship U.S. growth equity fund, Summit XII, after launching fundraising in late April 2024.

– Summit XII secured $9.5 billion in capital over approximately five months.

– The general partner will be the largest investor in Summit XII, consistent with previous funds.

– Peter Chung, Managing Director and CEO, expressed gratitude to existing limited partners and welcomed new investors.

– Summit Partners focuses on growth equity investing in technology, healthcare, and growth products/services sectors.

– The firm’s global team includes over 100 investment professionals with deep sector expertise.

– Summit Partners supports portfolio companies through strategic resources including revenue optimization, digital marketing, and human capital strategy.

– Founded in 1984, Summit Partners celebrated its 40th anniversary in 2024.

– Summit XII targets investments ranging from $75 million to $500 million in profitable, leading growth companies.

– Summit Partners now manages over $46 billion in assets across its fund complex.