Minnesota State Board of Investment | State of Minnesota Awards Financial Services Contract to Summit Partners (August 2024)
Minnesota State Board of Investment | State of MinnesotaState · St. Paul, MN- Disclosed value
- up to $250 million
- From minutes
- Approved
- Aug 14, 2024
The 30-second brief
The Minnesota State Board of Investment approved authorization for the Executive Director to pursue a private equity commitment of up to $250 million to Summit Partners Growth Equity Fund XII. The commitment remains non-binding pending due diligence and negotiations and cannot exceed 20% of the fund’s total size.
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.
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Contract details
- Contract type
- Financial Services
- Amount
- up to $250 million
- Document date
- August 14, 2024
- Vendor
- Summit Partners
- Source document
- Minnesota State Board of Investment Board Approvals 2024-08-14 (Minutes)
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 14, 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 minutes record.
Where was this contract approved?
This contract appears in Minnesota State Board of Investment Board Approvals 2024-08-14 (Minutes), dated August 14, 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.