Ex-Wall Street dealmaker launches 2nd Summit Capital to target Australian mid-market

Jonathan Cutting returns to Australia after eight years in the US to establish a Melbourne-based buyout firm focused on lower-mid-market private equity.

By Handelsavisen Newsroom · Automated 2026-07-02 07:43 UTC · 1 min read

Jonathan Cutting has founded 2nd Summit Capital (2NDSC), a new Melbourne-based private equity firm targeting lower-mid-market companies in Australia.

The dealmaker, who spent the previous eight years on Wall Street, returned to his home market to launch the venture, which he describes as focused on "old-fashioned" private equity principles.

Fund managers have recently started re-entering the Australian technology sector, which has endured a 40% decline over the past 12 months, as valuations begin to attract fresh capital.

The launch of 2nd Summit Capital signals renewed interest in the Australian mid-market segment, even as broader fund managers have been cautious.

The firm’s entry into the market comes at a time when capital flows are shifting, with some investors beginning to look for value in sectors that have seen significant corrections.

This development aligns with a broader trend of capital returning to Australian assets.

Fund managers have recently started re-entering the Australian technology sector, which has endured a 40% decline over the past 12 months, as valuations begin to attract fresh capital.