Summit Partners, an alternative investment firm currently investing more than $7.2 billion into growth equity, fixed income and public equity opportunities, has announced four promotions.
In details, Jay Pauley and Thomas Tarnowski were promoted to Managing Director and Antony Clavel and Peter Francis were promoted to Principal.
Jay Pauley, who has been promoted to Managing Director, joined Summit’s Boston office as a Vice President in 2010, moved to the Menlo Park office in 2013, and has served as a Principal since 2014.
Pauley is a member of Summit’s growth products & services team, where he focuses primarily on the technology-enabled business services, industrial technology, distribution and consumer sectors. His board and investment experience includes Central Security Group, FineLine Technologies, Grand Design RV (acquired by Winnebago Industries, NYSE: WGO), Parts Town, Vivint and Vivint Solar (NYSE: VSLR).
Prior to Summit, he worked for GTCR, Apax Partners and GE Capital. Pauley holds a BS, magna cum laude, from the Honors Business Program at The Ohio State University and an MBA from the Wharton School at the University of Pennsylvania.
Thomas Tarnowski, who has been promoted to Managing Director, joined Summit’s London office as a Principal in 2013 and leads Summit’s healthcare and life sciences team in Europe. His board and investment experience includes DentalPro and Independent Vetcare. Prior to Summit, Tarnowski worked for Triton, where he led the Nordic healthcare team with a focus on healthcare services and medical technology investments. Before that, Tarnowski worked for Credit Suisse First Boston and Citigroup.
Antony Clavel, who has been promoted to Principal, joined Summit’s London office as a Vice President in 2013 focusing primarily on the technology sector. Clavel’s board and investment experience includes Calypso Technology, Darktrace, Masternaut, Siteimprove and RELEX Solutions.
Prior to Summit, Antony worked for Allen & Company where he advised US and European technology entrepreneurs on M&A and raising capital. Antony is a Swiss national, and he holds a BA in mathematics from Oxford University with First Class Honors and an SM in computer science from Harvard University.
Peter Francis, who has been promoted to Principal, joined Summit’s Boston office as a Senior Associate in 2011, moved to the firm’s Menlo Park office in 2012 and has served as a Vice President since 2015. Focusing primarily on the healthcare & life sciences sector, Francis’ board and investment experience includes BluePearl Veterinary Services (acquired by Mars Petcare), Healthline Media, HealthSun and Solutionreach. Prior to Summit, he worked for Jefferies & Company and UBS Investment Bank on the global healthcare team. He holds a BA in economics from Cornell University.