Summit Partners Growth Equity XII Recommended to SBI
Minnesota State Board of Investment | State of MinnesotaState · St. Paul, MN- Disclosed value
- up to $250 million
- From agendapacket
- Document date
- Aug 14, 2024
The 30-second brief
The Investment Advisory Council recommended that SBI commit up to $250 million to Summit Partners Growth Equity Fund XII L.P. The proposed authorization would empower the Executive Director to negotiate a growth equity partnership with a six-year investment period and ten-year term. The fund targets technology, healthcare, and growth products and services companies.
Summit Partners holds this 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 term plus two two-year extensions.
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Contract details
- Amount
- up to $250 million
- Document date
- August 14, 2024
- Term
- Six-year investment period; ten-year term plus two two-year extensions
- Vendor
- Summit Partners
- Source document
- Minnesota State Board of Investment AgendaPacket Meeting 2024-08-14 (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 government contract by Minnesota State Board of Investment | State of Minnesota?
Summit Partners was awarded this government 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.
What type of contract is this?
This is a government contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Minnesota State Board of Investment AgendaPacket Meeting 2024-08-14 (AgendaPacket), 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.