Summit Partners, a global alternative investment firm, announced on Monday that it has closed its fourth Europe growth equity fund, Summit Partners Europe Growth Equity Fund IV, at €1.4B in total commitments.
Summit Partners says that the fund, launched in October 2022, was oversubscribed. Since its inception, Summit Partners has raised more than $43B in the capital.
“With the closing of this new fund, we further our commitment to Summit’s growth equity strategy across Europe, serving as the partner of choice for category-leading, profitable growth companies within our core sectors of focus,” says Peter Chung, Managing Director and Chief Executive Officer of Summit Partners.
“We are deeply grateful for the continued support of our limited partners and for their trust and confidence in our global team and our growth-focused strategy,” adds Chung.
With its fourth fund, the VC will target minority and majority equity investments between €20 and €80M in Europe-based companies.
Summit’s London team works with the firm’s global team of more than 115 investment professionals to identify and partner with growth companies in key industry sectors such as technology, healthcare, and life sciences, as well as growth products and services.
“As we invest this fund in Europe, we will build upon nearly 40 years of experience as a growth investor, leveraging our deep sector knowledge, extensive global network, and value enhancement resources to support the growth of our portfolio companies,” said Han Sikkens, Managing Director and Head of Europe at Summit Partners.
“Europe has been an integral part of Summit’s global investment strategy since 2000, and we have been proud to partner with exceptional founders and management teams over that time,” adds Sikkens.
Summit Partners: What you need to know
Founded in 1984, Summit Partners is a private equity investment firm with capital dedicated to pursuing growth equity, fixed income, and public equity opportunities.
The VC invests across growth sectors of the economy and has invested in more than 550 companies in healthcare, technology, and other growth industries.
Summit maintains offices in North America and Europe, and invests in companies globally.
