Summit Partners raises $2.2bn

The firm reached the hard-cap for both its latest growth and venture vehicles.

  • Fund name: Summit Partners Europe Growth Equity Fund III and Summit Partners Venture Capital Fund V
  • Amount raised: €1.1 billion and $1.0 billion
  • Hard-cap: €1.1 billion and $1.0 billion
  • Stage of fundraising: Final close
  • Final close date: June 2020
  • Predecessor fund: Summit Partners Europe Growth Equity Fund II (€700 million) and Summit Partners Venture Capital Fund IV ($730 million)

Summit Partners has held a final close on Summit Partners Europe Growth Equity Fund III and Summit Partners Venture Capital Fund V at €1.1 billion and $1.0 billion respectively.