Summit Partners
 |
|
| Private Ownership | |
| Industry | Private Equity |
| Founded | 1984 |
| Founder | E. Roe Stamps, Stephen Woodsum, Gregory Avis |
| Headquarters | Boston, Massachusetts, United States |
|
Key people
|
Peter Y. Chung, Managing Director and CEO |
| Products | Growth capital, Venture capital, Recapitalizations, Mezzanine capital, Leveraged buyouts |
| Total assets | more than $16 billion |
|
Number of employees
|
150+ |
| Website | www.summitpartners.com |
Summit Partners is a growth equity investment firm that invests in exceptional companies. The firm provides growth equity, venture capital and credit investments for growth, recapitalizations and management buyouts.
Founded in 1984, Summit is based in Boston, Massachusetts and has offices in Menlo Park, California; and London, England. The firm employs more than 85 investment professionals and more than 150 employees overall.
Since inception, Summit Partners has raised more than $16 billion in capital through 18 equity and fixed income funds. In 2012, the firm raised a $2.7 billion growth equity fund, a $550 million venture capital fund and a $520 million credit fund. In 2014, the firm raised a $1.05 billion credit fund. The firm has been ranked among the 50 largest private equity firms globally.
Summit Partners has invested in more than 400 companies globally. Summit's portfolio includes a broad range of companies headquartered in North America and Europe. The firm focuses on investments in the technology, healthcare and life sciences, and growth products and services sectors.
Some of Summit's most notable investments include:
Summit Partners was founded in 1984 by Stephen Woodsum and E. Roe Stamps, who had worked together at TA Associates and before that at First Chicago Investment Corporation (the predecessor of Madison Dearborn Partners). Woodsum and Stamps were joined shortly thereafter by Greg Avis, who would open the firm's California office in 1993. In 2001, Summit Partners completed its management succession led by Bruce Evans, Walter Kortschak, Marty Mannion, Tom Roberts, and Joseph Trustey.
On July 29, 2015, Trustey (then Managing Director and Chief Operating Officer for the firm) was killed in a Milwaukee plane crash along with his daughter Anna.
Since its founding in 1984, Summit Partners has raised 18 equity and fixed income funds:
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