Summit Partners Over Halfway Mark for Second Credit Fund
January 06, 2014
Summit Partners has raised $429 million toward its second credit-focused vehicle. The firm is targeting $761.5 million. Summit's credit strategy is geared toward profitable companies across a number of industries and niche sectors, including financial and business services, gaming and leisure, manufacturing and consumer products, among others. Its inaugural credit fund, a $520 million effort, closed in 2011.