Summit Partners is an American investment firm based in

Boston, Massachusetts Boston is the capital and most populous city in the Commonwealth (U.S. state), Commonwealth of Massachusetts in the United States. The city serves as the cultural and Financial centre, financial center of New England, a region of the Northeas ...

. The firm focuses on investing in

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healthcare Health care, or healthcare, is the improvement or maintenance of health via the preventive healthcare, prevention, diagnosis, therapy, treatment, wikt:amelioration, amelioration or cure of disease, illness, injury, and other disability, physic ...

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and other growth industries.

Background

Summit Partners was founded in 1984 by Roe Stamps and Stephen Woodsum, who previously worked together at TA Associates. Greg Avis would also join as a co-founder shortly after. The firm is considered one of the earliest private equity firms to focus on

growth investing Growth investing is a type of investment strategy focused on capital appreciation. Those who follow this style, known as ''growth investors'', invest in companies that exhibit signs of above-average growth, even if the share price appears expen ...

. In 2000, the three co-founders handed over daily management of the firm to five partners. In 2015, the firm acquired Alydar Capital. It now operates as the public equity investment arm of Summit Partners. In January 2024, it was reported that Summit Partners' credit arm ceased making new investments after it struggled with its latest fundraising due to poor performance of its credit funds. The credit business is seen as an awkward fit for Summit Partner which focuses on growth equity and the firm had previously tried to sell credit business in the previous year. Summit Partners is headquartered in

Boston Boston is the capital and most populous city in the Commonwealth (U.S. state), Commonwealth of Massachusetts in the United States. The city serves as the cultural and Financial centre, financial center of New England, a region of the Northeas ...

with additional offices in Menlo Park,

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

and

Luxembourg Luxembourg, officially the Grand Duchy of Luxembourg, is a landlocked country in Western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France on the south. Its capital and most populous city, Luxembour ...

Business overview

Summit Partners has three main business lines, which are: * Growth & Venture *

Credit Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt) ...

* Public Equity The firm typically invests in later-stage companies that have already been established with the objective of providing further growth. Its private equity investments typically range from $30 million to $500 million each, while its venture capital investments range from $5 million to $30 million each. The firm also provides debt financing as well as public equities' investment services. Notable investments made by Summit Partners include

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McAfee McAfee Corp. ( ), formerly known as McAfee Associates, Inc. from 1987 to 1997 and 2004 to 2014, Network Associates Inc. from 1997 to 2004, and Intel Security Group from 2014 to 2017, is an American proprietary software company focused on online ...

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, Infor,

Flow Traders Flow Traders is a proprietary trading firm. A market maker, it provides liquidity in the securities market by using high frequency and quantitative trading strategies. Originally founded in Amsterdam, Flow Traders also has offices in New York, ...

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and

Lifestance Health Lifestance Health (Lifestance) is an American outpatient behavioral health services provider. They provide their services in person and via tele-health. Their services include therapy, psychiatry, TMS, and ketamine therapies. They have landed ...

References

External links

www.summitpartners.com
(company website) {{authority control Financial services companies established in 1984 Financial services companies based in Massachusetts Companies based in Boston Private equity firms of the United States Venture capital firms of the United States