Summit closes $2.2bn for Europe growth equity and VC fund
Summit Partners announced the first and final closing of two of its funds with combined global commitments of $2.2 billion.
Summit Partners Europe Growth Equity Fund III closed at its hard cap with €1.1 billion (US$1.2 billion) and will target equity stakes between €20 million and €70 million in European companies.
Summit Partners Venture Capital Fund V also closed at its hard cap with $1 billion in commitments and will target equity investments of $10 million to $60 million in growth stage companies primarily based in North America.
The . . .
Continue Reading
Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Monthly and annual subs available.
