The SUMMIT GROUP is a privately held investment adviser that advises $47.13Bn in regulatory assets under management held in 3 SEC fund types across 6 investment strategies. SUMMIT GROUP is a Private Fund A private fund manager is a manager whose >=75% of total assets under management are in private funds (privately offered pooled vehicles for accredited or qualified investors, generally accessed through placements with higher minimums, restricted eligibility, and negotiated terms) Manager. Assets increased by 57.84% over the last 5-years.
The Group has been registered with the SEC for 21.23 years and is comprised of 3 filing and 0 relying advisers. They operate out of 4 office locations with their Headquarters at 222 BERKELEY STREET, BOSTON, MASSACHUSETTS. The Group has not been subject to regulatory enforcement actions. They are regulated by 4 US and Non-US bodies.
They have 249 employees comprised of 142 investment and 107 non-investment staff. The total number of Employees increased by 11.16% over the last 5-years.
Their $47.13Bn in assets advised are owned by 110 private funds, 1 public fund and BDCs and 0 other accounts. Assets of Pooled Investment Vehicles (Not IC or BDC) clients own $46.17Bn or 97.97% of Total Assets and Investment Companies (IC) own $250mn or 0.53% of Total Assets.
The Group's top investment strategies include Traditional LBO, Early Stage and Multi Strat, representing 83.06%, 6.45% and 5.75% of total assets, respectively.
They advise 2 types of clients, top clients are Pooled Investment Vehicles (Not IC or BDC) and Investment Companies (IC).
The Group uses 2 Fund Administrators, 2 Fund Auditors, 2 Prime Brokers, 8 Custodians and 3 Marketers. It does not report a third-party Fund Administrator in 94 private funds with $42.27Bn in assets.
The Group discloses management fees and performance-based fees.
SUMMIT GROUP names 1 sub-adviser ONE FUND MANAGEMENT S.A. to 1 different fund advised by the group. The Group has been named as the sub-adviser to 0 funds.