Summit Partners was founded in 1984 by
Roe Stamps and Stephen Woodsum, who previously worked together at
TA Associates. Greg Avis would also join as a co-founder shortly after. In January 2024, it was reported that Summit Partners' credit arm ceased making new investments after it struggled with its latest fundraising due to poor performance of its credit funds. The credit business is seen as an awkward fit for Summit Partner which focuses on growth equity and the firm had previously tried to sell credit business in the previous year. Summit Partners is headquartered in
Boston with additional offices in
Menlo Park,
London and
Luxembourg. == Business overview ==