The $23 billion alternative investment firm Summit Partners have hired Gryphon Investors Partner Bob Grady as advisory partner in its Boston office.
Grady has more than two decades of senior leadership and investment experience and in this role will work closely with Summit’s investment team to identify and originate new investment opportunities. He will also work with portfolio company leaders to help shape their growth strategies and will assist Summit with its business development activities.
Most recently, Grady was a partner at Gryphon, where he headed up the Industrial Growth Group. Prior to joining Gryphon though he was partner and managing director of Cheyenne Capital Fund and chairman of the board and of the Investment Policy Committee for the New Jersey State Investment Council, which oversees the state’s $78 billion pension fund.
“We believe his unique and distinguished background and his broad network of relationships will be invaluable to our portfolio companies and our limited partners,” said Summit Partners Chief Executive Officer Peter Chung.
Summit invests across growth sectors of the economy and has invested in more than 500 companies in technology, healthcare and other growth industries. These companies have completed more than 160 public equity offerings, and more than 200 have been acquired through strategic mergers and sales.
Grady added, “A growth equity industry pioneer, Summit has continued to find ways to innovate in the category. I am looking forward to contributing to the firm’s continued efforts in partnering with and helping to build the world’s next great growth companies.”