Summit Growth Equity Fund XII Recommended for $250M
Minnesota State Board of Investment | State of MinnesotaState · St. Paul, MN- Disclosed value
- up to $250 million
- From agendapacket
- Document date
- Aug 12, 2024
The 30-second brief
SBI staff proposed an investment commitment of up to $250 million to Summit Partners Growth Equity Fund XII L.P., targeting growth companies in technology, healthcare and growth products & services. The fund features a six-year investment period and a ten-year term, with potential extensions, pending IAC endorsement and Board approval.
Summit Partners holds this financial services contract with Minnesota State Board of Investment | State of Minnesota. Its other public contracts on record include work for Wasatch School District and New Summit Charter Academy.
Term as filed: Six-year investment period; ten-year fund term with up to two additional two-year extensions.
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Contract details
- Contract type
- Financial Services
- Amount
- up to $250 million
- Document date
- August 12, 2024
- Term
- Six-year investment period; ten-year fund term with up to two additional two-year extensions
- Vendor
- Summit Partners
- Source document
- Minnesota State Board of Investment Investment Advisory Council Agenda Packet 2024-08-12 (AgendaPacket)
Summit Partners's other public contracts
More Minnesota State Board of Investment | State of Minnesota contracts
Questions about this contract
Who was awarded the financial services contract by Minnesota State Board of Investment | State of Minnesota?
Summit Partners was awarded this financial services contract by Minnesota State Board of Investment | State of Minnesota, as recorded on August 12, 2024. The contract value is up to $250 million.
How much is the Summit Partners contract with Minnesota State Board of Investment | State of Minnesota worth?
The Summit Partners contract with Minnesota State Board of Investment | State of Minnesota is valued at up to $250 million, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Minnesota State Board of Investment Investment Advisory Council Agenda Packet 2024-08-12 (AgendaPacket), dated August 12, 2024 from Minnesota State Board of Investment | State of Minnesota. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Summit Partners hold?
Summit Partners may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Minnesota State Board of Investment | State of Minnesota currently buying?
Explore Minnesota State Board of Investment | State of Minnesota's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.