Summit Partners Closes $9.5 Billion Growth Equity Fund XII

Author

Slice of Finance Team
07 Oct

Key Highlights:

  • Summit Partners closes $9.5 billion Growth Equity Fund XII after five months of fundraising.

  • Fund focuses on investments of $75M to $500M in profitable growth companies.

  • Firm now manages over $46 billion in assets across its fund complex.

  • Summit’s strategy is grounded in the belief that profitable growth yields superior risk-adjusted returns.

Notable Quote:

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“We are deeply grateful for the longstanding support of our existing limited partners and are pleased to welcome several new investors. Our strategy, grounded in our foundational belief that profitable growth is the most reliable source of superior risk-adjusted returns, remains the cornerstone of our investing philosophy.”

Peter Chung, Managing Director and CEO at Summit Partners

Our Take:

Summit Partners' successful closing of its $9.5 billion Growth Equity Fund XII demonstrates its ongoing leadership in the growth equity space. The firm’s consistent focus on partnering with profitable, category-leading companies across high-growth sectors like technology and healthcare is a reflection of its time-tested strategy. With the addition of new investors and continued strong backing from existing partners, Summit is well-positioned to drive future value creation, particularly in the ever-evolving technology and healthcare landscapes. This significant milestone also highlights Summit's deep expertise in identifying growth opportunities that align with long-term economic trends.