Leading alternative investment firm Summit Partners announced the promotion of three professionals and adding one new Principal in the firm’s global offices. Yoon Lee was promoted to Partner, and Hanyin Cheng and Cody Lee were promoted to Principal. And Ryan McDonald has joined the firm’s Healthcare & Life Sciences team as a Principal.
1.) Yoon Lee promoted to Partner – Yoon joined Summit’s London office as the Director of Investor Relations in 2017 and was promoted to the Head of International Investor Relations in 2020. Before Summit, Yoon worked at MVision Private Equity Advisers and Citi Investment Banking. Yoon holds a BA in French literature and political science, magna cum laude, from Ewha Women’s University, Seoul, an MA in translation methodology from Ecole Supérieure d’Interprètes et de Traducteurs in Paris and an MSc in management from Hautes Etudes Commerciales (HEC) Paris.
2.) Hanyin Cheng promoted to Principal – Hanyin joined Summit’s Boston office as an Associate in 2014 and is a member of the Technology team. His investment experience includes Fuze (acquired by 8×8), Keeper Security, QAD, Redzone (acquired by QAD), StackAdapt, and Vensure Employer Services (previously PrismHR). Before Summit, Hanyin worked in the Technology, Media and Telecommunications Group at UBS Investment Bank. Hanyin holds a BA in computer science and economics from Boston College and an MBA from Harvard Business School.
3.) Cody Lee promoted to Principal – Cody joined Summit’s Menlo Park office as a Vice President in 2019. And as a member of Summit’s Peak Performance Group, Cody works with management teams to help identify and execute growth strategies designed in building long-term value. More frequently, he collaborates with portfolio companies to help them optimize their marketing programs. Before Summit, Cody was a partner at Lever & Dial – an investment and advisory firm focused on helping growth companies scale with world-class marketing. Previously, he was Head of Digital Marketing at an integrated creative agency and production company, and he was a foundational member of the paid advertising team at Software Advice (acquired by Gartner). Cody holds a BA, summa cum laude, in English and creative writing from The George Washington University.
4.) Ryan McDonald joins the firm as a Principal on the Healthcare & Life Sciences team – Ryan is based in Menlo Park and was previously working at Norwest Venture Partners, where he over a decade investing in high-growth healthcare technology and services companies. Earlier in his career, Ryan held roles in the leveraged finance groups at Bank of America and Stifel Nicolaus and served as the President and co-founder of a dietary supplement company. Ryan holds a BS in business management, with a concentration in economics, from Babson College.
KEY QUOTE:
“We are very pleased to recognize the performance of these three colleagues with well-earned promotions. Each of these colleagues represent well the culture and values of our firm, and has demonstrated incredible commitment to our portfolio companies and our limited partners. Our firm is defined by our strategy, team and culture. We continue to invest in the professional growth of our team and the addition of outstanding new talent to improve the execution of our strategy.”
– Peter Chung, Managing Director and Chief Executive Officer of Summit Partners
