Summit Partners Closes Latest U.S. Growth Equity Fund, at $4.9 Billion

summit partnersSummit Partners, a global alternative investment firm, closed its latest flagship U.S. growth equity fund, at $4.9 billion.

Launched in the fourth quarter of 2018, Summit Partners Growth Equity Fund X closed at its hard cap with the general partner committing $400m of the total.

The fund will target minority and majority investments of $75m to $300m in category-leading growth companies.

Led by Peter Chung, Managing Director and Chief Executive Officer, Summit Partners has a global team of more than 100 investment professionals who work across offices in the U.S. and Europe to partner with growth companies in key industry sectors including technology, healthcare, financial technology and services, consumer products and industrial technology.
The team provides active board-level support, as well as specialized in-house resources dedicated to serving the needs of growth companies. Summit’s Peak Performance Group, Capital Markets Team and Talent & Recruiting Team offer on-demand services to portfolio companies to support and accelerate their growth initiatives.

With Growth Equity Fund X, the firm is currently managing more than $19 billion in capital across its growth equity, fixed income and public equity strategies.
Since its inception in 1984, Summit Partners has raised more than $27 billion.



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