{"url":"https://nivawealth.com/firms/summit-partners-135271","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/135271","regulatoryAum":42008600050,"crd":"135271","secFileNumber":"801-64273","legalName":"Summit Partners, L.P.","displayName":"Summit Partners","website":"https://www.summitpartners.com","founded":null,"organization":"Delaware limited partnership","fiscalYearEnd":"December","headquarters":{"street":"222 Berkeley Street","city":"Boston","state":"MA","stateName":"Massachusetts","country":"United States","postalCode":"02116-3748"},"tradeNames":[],"registration":{"secApproved":"12 May 2005","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":218,"advisory":118,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":42008600050,"discretionaryAccounts":87,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":28,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":87,"regulatoryAum":42008600050}],"fees":[],"feeNotes":[],"custodians":[],"custodyNote":"Summit Partners has custody of $42.01B for 87 clients.","otherCustodians":[],"leadership":[{"name":"Peter Chung","title":"Chief Executive Officer and Limited Partner","crd":"4950552"},{"name":"Adam Hennessey","title":"Chief Financial Officer & Limited Partner","crd":"7225764"},{"name":"Erin White","title":"Chief Compliance Officer","crd":"7152170"},{"name":"Darren Black","title":"Limited Partner","crd":"6179107"},{"name":"John Carroll","title":"Limited Partner","crd":"6852829"},{"name":"Scott Collins","title":"Limited Partner","crd":"5502675"},{"name":"Christopher Dean","title":"Limited Partner","crd":"2644612"},{"name":"Craig Frances","title":"Limited Partner","crd":"6852834"}],"ownership":[{"label":"Peter Chung","detail":"Chief executive officer and limited partner in the 5% to 10% ownership band and a control person, since August 1999. Also board member of Summit Master Company, LLC and a control person, since November 2011."},{"label":"Scott Collins","detail":"Limited partner in the 5% to 10% ownership band and a control person, since August 1999. Also board member of Summit Master Company, LLC and a control person, since September 2015."},{"label":"John Carroll","detail":"Limited partner in the 5% to 10% ownership band, since August 2017. Also board member of Summit Master Company, LLC and a control person, since August 2017."},{"label":"Craig Frances","detail":"Limited partner in the 5% to 10% ownership band, since August 2017. Also board member of Summit Master Company, LLC and a control person, since August 2017."},{"label":"Christopher Dean","detail":"Limited partner in the 5% to 10% ownership band, since December 2022. Also board member of Summit Master Company, LLC and a control person, since November 2024."},{"label":"Darren Black","detail":"Limited partner in the 5% to 10% ownership band, since December 2021. Also board member of Summit Master Company, LLC and a control person, since February 2019."},{"label":"Martin Mannion","detail":"Indirect owner: board member of Summit Master Company, LLC and a control person, since February 2019.","parent":"Summit Master Company, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":3,"privateResidences":0},"listedOfficeAddresses":3,"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"200 Middlefield Road","city":"Menlo Park"}]},{"state":"Massachusetts","offices":1,"addresses":[{"street":"222 Berkeley Street","city":"Boston","headquarters":true}]},{"state":"New York","offices":1,"addresses":[{"street":"920 Broadway, 10th Floor","city":"New York"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"617-824-1000","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)"],"financialPlanningClients":null,"assetMix":[],"privateFunds":87},"sources":{"adv1FilingDate":"20 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/135271/PDF/135271.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Summit Partners have?","answer":"Summit Partners has 87 clients and manages $42 billion for them, as of August 2026.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 20 August 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Summit Partners offer?","answer":"Summit Partners provides portfolio management for pooled vehicles.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Summit Partners have?","answer":"Summit Partners has 0 investment adviser representatives registered with state securities authorities, out of 218 employees, and 118 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Summit Partners?","answer":"Summit Partners’ direct owners are Peter Chung, Scott Collins, John Carroll, Craig Frances, Christopher Dean and Darren Black, each holding 10% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 20 August 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Summit Partners get paid?","answer":"Summit Partners is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":{"url":"https://nivawealth.com/firms/summit-partners-135271/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-07-30","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/830588/000117266126002948/0001172661-26-002948-index.html","totalValue":608921882,"positionCount":5,"top10Share":1,"top10":[{"issuer":"KLAVIYO INC","titleOfClass":"COM SER A","cusip":"49845K101","value":284676948,"shares":18852778,"shareType":"SH","priorValue":366875060,"priorShares":18852778},{"issuer":"LIFESTANCE HEALTH GROUP INC","titleOfClass":"COM","cusip":"53228F101","value":249651332,"shares":23310115,"shareType":"SH","priorValue":186066273,"priorShares":29209776},{"issuer":"A K A BRANDS HLDG CORP","titleOfClass":"COM SHS","cusip":"00152K200","value":64835052,"shares":6053693,"shareType":"SH","priorValue":62426288,"priorShares":6053693},{"issuer":"A10 NETWORKS INC","titleOfClass":"COM","cusip":"002121101","value":7474428,"shares":200065,"shareType":"SH","priorValue":4625503,"priorShares":200065},{"issuer":"MACOM TECH SOLUTIONS HLDGS I","titleOfClass":"COM","cusip":"55405Y100","value":2284122,"shares":6005,"shareType":"SH","priorValue":10942055,"priorShares":49273}],"positionsListed":5,"positions":[{"issuer":"KLAVIYO INC","titleOfClass":"COM SER A","cusip":"49845K101","value":284676948,"shares":18852778,"shareType":"SH","priorValue":366875060,"priorShares":18852778},{"issuer":"LIFESTANCE HEALTH GROUP INC","titleOfClass":"COM","cusip":"53228F101","value":249651332,"shares":23310115,"shareType":"SH","priorValue":186066273,"priorShares":29209776},{"issuer":"A K A BRANDS HLDG CORP","titleOfClass":"COM SHS","cusip":"00152K200","value":64835052,"shares":6053693,"shareType":"SH","priorValue":62426288,"priorShares":6053693},{"issuer":"A10 NETWORKS INC","titleOfClass":"COM","cusip":"002121101","value":7474428,"shares":200065,"shareType":"SH","priorValue":4625503,"priorShares":200065},{"issuer":"MACOM TECH SOLUTIONS HLDGS I","titleOfClass":"COM","cusip":"55405Y100","value":2284122,"shares":6005,"shareType":"SH","priorValue":10942055,"priorShares":49273}]},"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}