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 . . .
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