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Summit Investment Management Secures Major Funding Boost

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Summit Investment Management receives significant investment for future growth.

a group of finance professionals discussing investment strategies in a modern office setting.

On Monday, March 18, 2024, a response was filed on behalf of The Summit Investment Group, LLC, Michael C. Basile, Victoria Basile, announcing a major development for the company. Netgain, a leading software provider for finance and accounting teams, today announced a $35 million minority investment led by global investors. This injection of capital is expected to fuel Summit Investment Management's expansion plans and enhance its impact-focused approach in the finance industry.

The size of the new fund suggests that it is bullish that it can convince LPs to open their wallets based on its impact-focused approach. Summit Investment Management, under the leadership of Ron Chandler, president of the firm, is known for its innovative strategies and commitment to delivering value to its clients. With this new funding, the company aims to further solidify its position as a leading player in the investment management sector.

Boston-based private equity firm Summit Partners is backing former First Republic Private Wealth Management head Bob Thornton's wealth management venture, showing a strong vote of confidence in the leadership team at Summit Investment Management. This strategic partnership is expected to bring new opportunities for growth and expansion for both companies, as they combine their expertise in the finance industry.

The presentations will be sponsored by Barings, BNY Mellon Investment Management, Brown Advisory, and MFS Investment Management, showcasing the industry support and recognition of Summit Investment Management's potential for success. Despite challenges faced by the firm's credit group in raising its latest fund, the injection of capital from global investors is expected to provide a much-needed boost to the company's financial standing.

Summit Financial Holdings (“Summit”), a top firm for values-driven independent and breakaway advisors, today announced the addition of two key executives to its team. This move is part of Summit Investment Management's ongoing efforts to strengthen its leadership and operational capabilities to better serve its clients and drive growth in the competitive finance industry.

Zooming in on the European Solar Asset Management field, Summit Investment Management is leveraging market research and local consultation to tailor its services for a professional audience. With a focus on sustainable investments and innovative financial solutions, the company is poised to capitalize on the growing demand for environmentally conscious investment options.

Overall, Summit Investment Management's recent funding boost and strategic partnerships signal a promising future for the company. With a strong focus on impact-driven investments and a track record of delivering value to its clients, Summit Investment Management is well-positioned to continue its growth trajectory in the competitive finance industry.

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