Summit Partners Closes $9.5B U.S. Growth Equity Fund

Summit Partners, a renowned global growth equity investment firm, has successfully closed its latest flagship U.S. growth equity fund, Summit XII, after raising $9.5 billion in capital. The fundraising, which commenced in late April 2024, concluded after approximately five months.

Peter Chung, Managing Director and CEO of Summit Partners, expressed gratitude for the support of existing limited partners and welcomed new investors. The firm's growth equity investing strategy will be continued, focusing on technology, healthcare, and growth products and services sectors.

Summit XII aims to target majority and minority investments of $75 to $500 million primarily in profitable, category-leading growth companies. With this new capital, Summit is now managing more than $46 billion in assets across its fund complex. Summit Partners, established in 1984, has invested in over 550 companies in technology, healthcare, and other growth industries.