At a Glance
Summit Partners was founded in 1984 and has grown to become one of the largest and most established growth equity firms globally, with over $42 billion in capital raised across its funds. Based in Boston with offices worldwide, Summit focuses on growth-stage investments in technology, healthcare, and other rapidly expanding sectors. The firm typically invests in companies with proven business models, strong management teams, and clear paths to market leadership. Summit's investment approach emphasizes operational partnership, providing portfolio companies with strategic guidance on scaling, market expansion, and value creation initiatives. The firm has a strong track record across multiple decades and market cycles, with notable exits including Snowflake's public offering and the sales of companies like Ultimate Software and Solera. What distinguishes Summit is its global reach, deep sector expertise across multiple verticals, and systematic approach to value creation that combines strategic guidance with operational support through their extensive network of industry experts and advisors.
“Partners with growth-stage companies across technology and healthcare, providing capital and operational expertise to accelerate their trajectory.”
Roe Stamps IV and Stephen G. Woodsum founded Summit in 1984 and are both listed on the firm's site as cofounders and former managing directors. Peter Y. Chung is managing director and chief executive officer, and has signed Summit's growth equity fund filings continuously since Fund VIII in 2010. Adam H. Hennessey is managing director and chief financial officer, David H. Schiller is managing director and chief investor relations officer, and Han Sikkens is managing director and head of Europe, based in London.
Form D filings also name Scott Collins, Martin Mannion, Bruce Evans, Thomas Roberts, Thomas Jennings, John Carroll, Craig Frances and Darren Black as executive officers of successive growth equity funds. The firm employs more than 225 professionals across five offices, including a Peak Performance Group that provides on-demand operating support to portfolio companies.
Summit raises across three fund families: growth equity, venture and credit. SEC Form D filings trace the growth equity line from Summit Partners Growth Equity Fund VIII, which came to market in 2010 with a $3.0 billion target, through Fund IX, which opened in August 2015 at a $3.18 billion target and had sold $2.35 billion of interests by August 2016. Fund X closed the full $4.5 billion it offered after a February 2019 first sale, and Fund XI closed its entire $7.75 billion offering within days of an October 2021 first sale, the largest single pool in firm history.
Fund XII began filing in September 2024 across US, parallel and Luxembourg SCSp vehicles, alongside dedicated XII Access feeders for US and international investors. Each generation also carries a parallel Growth Equity Investors partnership for firm-affiliated capital. Summit writes $10 million to $500 million per company and has backed more than 550 businesses across four decades.
Summit Partners primarily invests at the Series B+ stage. This means they focus on companies that are at various stages of growth.
Summit Partners is headquartered in Boston, MA. Many of their portfolio companies are also based in this region, though they invest across geographies.
Summit Partners focuses on investments in Enterprise, Digital Health, Consumer, Fintech, SaaS. Their portfolio reflects deep expertise and networks within these sectors.
Summit Partners's typical investment check size ranges from $25M to $500M. Actual amounts may vary based on the stage, sector, and specific opportunity.
Summit Partners manages approximately $42B in assets under management (AUM) across their funds.
Running a fund like Summit Partners? Independent guides to the software and processes emerging managers use to operate.
Best Fund Administration Software
Independent breakdown of fund administration platforms by fund size.
LP Reporting Software
Tools for capital account statements and investor updates.
Portfolio Monitoring Tools
How GPs track company performance across the portfolio.
VC CRM Software
Deal-flow and relationship management for investors.
The operating system for private capital.
Archstone runs the back office for venture, PE, real estate, and credit funds — LP reporting, capital calls, portfolio tracking, and fund accounting, in one platform. Now in alpha.
