Former Summit Partners principal Jesse Lane has raised at least $166.5m for his debut Denali Growth Partners fundraise, which will target asset-light tech and healthcare companies.
Boston-based DGP will target minority and select control investments in North American businesses according to a form ADV filing from the firm, which was first spotted by Buyouts.
The filing said DGP would looks to invest in markets with sustainable growth with macro tailwinds, emerging nascent markets supported by innovative technology, mature markets where unique technology disruption allows for large revenue growth and increased market share gains, and fragmented markets where there may be opportunities for industry consolidation.
Lane spent three years with Summit Partners between 2007 and 2010, before rejoining for another eight years in 2012, his LinkedIn shows.
His personal investments include eClinical Solutions, Modernizing Medicine and Advance Health, among others.
No target or final close date for Fund I is detailed in the ADV filing.
Last year Lane’s former firm closed Summit Partners Europe Growth Equity Fund III on €1.1bn, and hit the $1bn hard cap for its Summit Partners Venture Capital Fund V vehicle.
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Source: https://www.altassets.net/private-equity-news/by-pe-sector/buyout/ex-summit-partners-exec-pulls-in-over-166m-for-debut-denali-growth-partners-fundraise.html
