Summit Partners Raises $3.22 Billion for Two Venture Funds
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Summit Partners, a Boston-based private equity and venture capital firm, raised $3.22 billion for two funds as it expands investments in North America, Europe and Asia.
The firm raised a $2.7 billion growth equity fund focused on profitable companies, and plans to invest more than $45 million in each, Summit said today in a statement. The remaining $520 million fund will target emerging growth companies, with investments of no higher than $45 million.