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Thomas Roberts Launches Equality Asset Management

Former Summit Partners Managing Partner Thomas S. Roberts today announced that he has founded Equality Asset Management, a next-generation firm focused on making long-term investments in durable technology, healthcare, and tech-enabled growth companies.  Equality plans to implement an innovative fee structure that reflects the current return environment and more closely aligns General Partner and Limited Partner interests. Commenting on Equality, Roberts said, "Private equity has enjoyed incredible returns over time, but we believe the industry has reached an inflection point. Going forward, long-term outperformance will be driven by an investment strategy comprised of higher concentration, longer holds, and lower fees.  We are...