Summit Partners’ Credit Arm Struggles with Fundraising, Halts New Investments
The credit arm of prestigious investment firm Summit Partners has made the difficult decision to cease making new investments after facing challenges with its latest fundraising efforts. This move comes as a surprise in a private-markets environment where other asset managers have been eagerly piling into the lucrative private-lending market. Summit Partners’ credit group has struggled with raising its latest fund, resulting in a strategic shift away from making new investments.
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