Summit Partners raises $9.5 bln for latest US growth equity fund
Oct 2 (Reuters) -U.S.-based private equity firm Summit Partners said on Wednesday it had raised $9.5 billion for its twelfth U.S. growth equity fund.
The latest fund, Summit Partners Growth Equity Fund XII, was launched in April and will target majority and minority investments from $75 to $500 million, primarily in "profitable, category-leading growth companies," the statement added.
The fund has raised more than $46 billion in capital since its foundation in 1984.
In April last year, the firm closed two new funds as it was getting ready to invest in Europe.
Reporting by Surbhi Misra in Bengaluru; Editing by Alan Barona
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