Picture credit: Summit Companions
Summit Companions, a world various funding agency, introduced on Monday that it has closed its fourth Europe progress fairness fund, Summit Companions Europe Development Fairness Fund IV, at €1.4B in whole commitments.
Summit Companions says that the fund, launched in October 2022, was oversubscribed. Since its inception, Summit Companions has raised greater than $43B within the capital.
“With the closing of this new fund, we additional our dedication to Summit’s progress fairness technique throughout Europe, serving because the accomplice of alternative for category-leading, worthwhile progress firms inside our core sectors of focus,” says Peter Chung, Managing Director and Chief Govt Officer of Summit Companions.
“We’re deeply grateful for the continued help of our restricted companions and for his or her belief and confidence in our world staff and our growth-focused technique,” provides Chung.
With its fourth fund, the VC will goal minority and majority fairness investments between €20 and €80M in Europe-based firms.
Summit’s London staff works with the agency’s world staff of greater than 115 funding professionals to establish and accomplice with progress firms in key trade sectors resembling expertise, healthcare, and life sciences, in addition to progress services.
“As we make investments this fund in Europe, we’ll construct upon almost 40 years of expertise as a progress investor, leveraging our deep sector data, intensive world community, and worth enhancement sources to help the expansion of our portfolio firms,” stated Han Sikkens, Managing Director and Head of Europe at Summit Companions.
“Europe has been an integral a part of Summit’s world funding technique since 2000, and we’ve been proud to accomplice with distinctive founders and administration groups over that point,” provides Sikkens.
Summit Companions: What it’s good to know
Based in 1984, Summit Companions is a non-public fairness funding agency with capital devoted to pursuing progress fairness, fastened revenue, and public fairness alternatives.
The VC invests throughout progress sectors of the economic system and has invested in additional than 550 firms in healthcare, expertise, and different progress industries.
Summit maintains places of work in North America and Europe, and invests in firms globally.
