UNQUOTE

GLOBAL - Summit closes two funds

  • nicola
  • LinkedIn  
  • Google plus  

Summit Partners has closed two funds,a Europe-focused private equity fund on т‚Ќ1bn and its fourth subordinated debt fund on $825m. This brings the total amount Summit Partners has available for investment in North America, Europe and Asia to almost $6bn.

The subordinated debt fund will co-invest with Summit's equity funds and provide a single source of mezzanine and equity financing. Summit will target equity investments of $5m to more than $500m per investment and can invest more than $800m in combined equity and debt deals. Investors in the Europe fund include BP Investment Management, HarbourVest Partners, Irish National Pensions Reserve Fund and LGT Capital Partners. Investors in the subordinated debt fund include California State Teachers’ Retirement System, Minnesota State Board of Investment, Performance Equity Management, LLC, and Virginia Retirement System.
  • LinkedIn  
  • Google plus  

More on Venture

Latest News