Summer Street Capital Partners raises USD280m for third investment fund
Private equity fund manager Summer Street Capital Partners has held the final closing of its third fund, with aggregate capital commitments of approximately USD280m.
The fund raise exceeded Summer Street's USD250m target and represents a nearly 50 per cent increase from the committed capital of Summer Street's second investment fund.
"We are pleased to announce the final close of Summer Street Capital III, LP. We appreciate the confidence and support received from our new and returning limited partners," says Michael McQueeney (pictured), a managing partner and co-founder of Summer Street. "We look forward to building lasting relationships with our limited partners, while driving growth within our portfolio to provide attractive returns."
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