Summit Partners Raises $9.5 Billion for Growth Equity Fund

Summit Partners has successfully closed its $9.5 billion U.S. Growth Equity Fund XII, marking the firm’s twelfth fund dedicated to investing in profitable, growth-stage companies. The fund, launched in April 2024, was closed in five months. Summit plans to continue its focus on sectors like technology, healthcare, and growth products and services, with investment targets ranging from $75 million to $500 million. The firm, which now manages over $46 billion in assets, is known for its hands-on partnership with portfolio companies, leveraging deep industry expertise to support long-term growth strategies.