Palo Alto, Calif. -- Summit Partners, a Boston-based investment firm with West Coast offices in Palo Alto, said on Wednesday it has raised a $520 million credit fund to address the borrowing needs of growing middle-market companies. The fund will be run in Boston by Managing Directors Todd Hearle and Jamie Freeland, who joined the firm in 2010. The move increases Summit's total equity and credit capital base to nearly $15 billion. Credit investing has been an active component of Summit Partners’ investment platform since 1994, when it raised its first subordinated debt fund.
http://www.summitpartners.com
http://www.summitpartners.com/Summit-Partners-Raises-USD520-Million-Credit-Fund.aspx
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