Highest point Partners closes most recent increase equity fund at $8.35 billion
Highest point Partners shut its most recent leader homegrown development value store, Summit Partners Growth Equity Fund XI, at its $8.35 billion hard cap, representative Susan Barr said in an email.
Highest point’s eleventh U.S. development value reserve is additionally 70% bigger than its archetype, the $4.9 billion Summit Partners Growth Equity Fund X, which shut in 2019.
Highest point puts resources into organizations that firm leaders think about key areas, including innovation, medical care, monetary innovation and administrations, customer and online business, and business administrations.
Highest point Partners Growth Equity Fund XI will target minority and larger part ventures of $75 million to $500 million each.
Financial backers in the new asset incorporate the $95.3 billion Ohio State Teachers’ Retirement System, Columbus; $72 billion Los Angeles County Employees Retirement Association, Pasadena, Calif.; $41 billion Alaska Retirement Management Board, Juneau; and $11.5 billion Alameda County Employees’ Retirement Association, Oakland.
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