 | |
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 1984 [1] [2] [3] |
| Founder |
Roe Stamps
[2] Stephen Woodsum [2] Gregory Avis [4] |
| Headquarters | Boston, Massachusetts, U.S. [1] [2] [3] |
Key people | Peter Chung ( CEO) [5] |
| Products |
Private equity Venture capital Private credit Public equity |
| AUM | US$35 billion (2022) |
Number of employees | 191 (2022) |
| Website | www.summitpartners.com |
| Footnotes / references [6] | |
Summit Partners is an American investment firm based in Boston, Massachusetts. [1] [2] [3] The firm focuses on investing in technology, healthcare, life sciences and other growth industries. [1] [3] [7] [8]
Background
Summit Partners was founded in 1984 by Roe Stamps and Stephen Woodsum, who previously worked together at TA Associates. [2] [7] [8] [9] [10] Greg Avis would also join as a co-founder shortly after. [10] [4] The firm is considered one of the earliest private equity firms to focus on growth investing. [7]
In 2000, the three co-founders handed over daily management of the firm to five partners. [2] [4]
In 2015, the firm acquired Alydar Capital. [11] It now operates as the public equity investment arm of Summit Partners.
Summit Partners is headquartered in Boston with additional offices in Menlo Park, London and Luxembourg. [1] [2] [3] [8] [5]
Business overview
Summit Partners has three main business lines, which are: [1] [5]
The firm typically invests in later-stage companies that have already been established with the objective of providing further growth. [1] Its private equity investments typically range from $30 million to $500 million each, while its venture capital investments range from $5 million to $30 million each. [1] The firm also provides debt financing as well as public equities' investment services. [1]
Notable investments made by Summit Partners include Uber, [12] McAfee, Avast, [13] Infor, [14] Flow Traders, [15] and Arista Networks. [16]
References
- ^ a b c d e f g h i "Summit Partners, L.P." Dun and Bradstreet.
- ^ a b c d e f g h "E. Roe Stamps IV, MBA 1974 - Alumni - Harvard Business School". www.alumni.hbs.edu. January 2012.
- ^ a b c d e "Summit Partners Investor Profile: Portfolio & Exits | PitchBook". pitchbook.com.
- ^ a b c "New Williams Trustees Named". Office of Communications.
- ^ a b c "Summit Partners Global Announces Promotions". www.businesswire.com. January 25, 2021.
- ^ "Form ADV" (PDF). SEC. Retrieved November 24, 2022.
- ^ a b c Cooper, Preeti Singh and Laura (August 12, 2021). "WSJ News Exclusive | Summit Partners Targets $7 Billion for Latest Growth Strategy". Wall Street Journal. ISSN 0099-9660. Retrieved January 3, 2023.
- ^ a b c "Summit Partners Raises $3.22 Billion for Two Venture Funds". Bloomberg.com. January 5, 2012. Retrieved January 3, 2023.
- ^ "Summit Partners Surpasses $20 Billion in AUM with a Focus on Software/SaaS | The Software Report". TSR. August 7, 2017.
- ^ a b "Kellogg World Alumni Magazine, Summer 2009, Kellogg School of Management". www.kellogg.northwestern.edu. Retrieved May 26, 2021.
- ^ "SEC FORM 13F-HR". www.sec.gov. Retrieved May 26, 2021.
- ^ "Uber Raises Giant $1.2 Billion Funding Round At A $17 Billion Valuation". TechCrunch. June 6, 2014.
- ^ "Summit Partners Pumps $100 Million Into Antivirus Software Maker AVAST Software". TechCrunch. August 23, 2010.
- ^ "Infor Raises More Money, Finally Completes Lawson Transaction". IT Jungle. April 9, 2012.
- ^ "Summit Partners invests in electronic trading firm Flow Traders | Hedgeweek". www.hedgeweek.com. June 4, 2008.
-
^ June 6, 2014.
"Arista Announces Pricing of Initial Public Offering". Summit Partners.
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External links
- www.summitpartners.com (company website)
