Summit Partners Promotes Four On Global Team

Jan 23 2017 | 7:44pm ET

Alternative investment management company Summit Partners has announced promotions for four executives on its global investment team.

Jay Pauley and Thomas Tarnowski have been promoted to managing director, while Antony Clavel and Peter Francis were promoted to principal, the company said in a statement.

“We are proud to recognize the achievements of Jay, Thomas, Antony and Peter with these well-deserved promotions,” said Peter Chung, managing director and CEO of Summit Partners, in the statement. “Each of these professionals has made a meaningful impact on the firm, working alongside our portfolio companies and serving our investors with dedication and integrity.”

Pauley joined Summit’s Boston office as a vice president in 2010, moved to the Menlo Park office in 2013, and has served as a principal since 2014. He is a member of Summit’s growth products & services team, where he focuses primarily on the technology-enabled business services, industrial technology, distribution and consumer sectors. Prior to Summit, Jay worked for GTCR, Apax Partners and GE Capital. 

Tarnowski joined Summit’s London office as a principal in 2013 and leads Summit’s healthcare and life sciences team in Europe. Prior to Summit, Thomas worked for Triton, where he led the Nordic healthcare team with a focus on healthcare services and medical technology investments, and worked for Credit Suisse First Boston and Citigroup beforehand. 

Clavel came aboard Summit’s London office as a vice president in 2013 and focuses primarily on the technology sector. Prior to Summit, he worked for Allen & Company, where he advised U.S. and European technology entrepreneurs on M&A and raising capital. 

Francis joined Summit’s Boston office as a senior associate in 2011, moved to the firm’s Menlo Park office in 2012 and has served as a vice president since 2015. He focuses primarily on the healthcare & life sciences sectors. Prior to Summit, he worked for Jefferies & Company and UBS Investment Bank on the global healthcare team. 

Founded in 1984 and headquartered in Boston, Summit Partners is a global alternative investment firm currently investing more than $7.2 billion into growth equity, fixed income and public equity opportunities. Summit invests across growth sectors of the global economy and has invested in more than 440 companies in technology, healthcare, life sciences and other growth industries, 140 of which have made public equity offerings and over 165 have been acquired through strategic transactions. 

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