Overview of the Summit Partners Fund

Summit Partners a leading player in growth equity and growth buyout North America, with over 40 years of experience and recognized expertise in supporting hyper-growth companies. The relationship with this Fund manager long-term one, as the investment teams have been tracking it for over 15 years—a testament to their strong conviction in the quality and consistency of its strategy. One of Summit Partners key differentiators Summit Partners its direct sourcing approach, particularly through “cold calling.” This method involves proactively identifying and contacting executives of high-growth companies to build a long-term relationship based on trust. The goal is to become their preferred partner when they decide to open up their capital, whether through a minority or majority stake. This ability to generate proprietary opportunities is a key advantage in a highly competitive environment.The investment strategy relies primarily on organic growth, with companies often posting growth rates close to 50% per year. Added to this is the ability to accelerate this momentum through external growth transactions. The targeted sectors align with major structural trends: technology, healthcare, services, and consumer goods—all areas offering prospects for sustainable growth. Summit Partners ’ strength also Summit Partners from the stability of its teams. The senior management team consists of partners who have been with the firm for an average of more than 18 years, making it one of the most experienced and consistent teams in the market. This continuity is a key driver of performance in private equity. Historical results confirm this quality of execution. Mature growth equity funds have generated, on average, approximately 2.9 times net capital committed for a IRR of 33%. Even when excluding the best and worst performers, the average remains very high, at around 2.5 times net capital committed and IRR of 27%, illustrating performance that is both strong and consistent over time.In this context, theAltaroc Odyssey Vintage has committed to the Summit Partners Equity Fund XII, which has a target size of $9 billion. This investment is part of a strategy to select leading managers capable of delivering strong long-term value creation, while relying on solid and proven fundamentals.