SALT LAKE CITY--(BUSINESS WIRE)--Peterson Partners today announced that it has raised its eighth fund, in the amount of $140 million, with participation from prominent U.S. business and investment leaders.
“This new fund enables us to continue to serve as reliable capital partners to our current and future portfolio companies,” said Dan Peterson, managing partner of Peterson Partners. “We look forward to continuing to help outstanding entrepreneurs build great businesses in the years ahead. We are gratified that our limited partners have trusted us to find and nurture the kinds of leaders and companies that have provided thousands of jobs at home and abroad.”
The current Peterson Partners portfolio includes an extensive collection of innovative, high-value companies across various industries, including JetBlue Airways and Azul Airlines in the travel industry, Ladder Capital in financial services, QMC in communications infrastructure, CLEO in software, Integra in healthcare services, and Packsize in the supply chain management industry.
Peterson Partners is led by Founder Joel Peterson, and Partners Brandon Cope and Dan Peterson. Joel Peterson, former managing partner at Trammell Crow Company, currently serves as chairman of JetBlue Airways, is a professor at Stanford’s Graduate School of Business, and sits on the Board of Overseers at the Hoover Institution. Dan Peterson, with deep experience investing in a variety of industries, including automotive, financial services and high tech, has served as managing director at Z Capital and partner at Trammell Crow. Brandon Cope, previously with Peterson Ventures and McKinsey & Company, has led several investments in a variety of industries and serves on a number of boards of directors.
Peterson Partners will use the proceeds of its Fund VII to make private equity investments of between $2 million and $15 million. The firm provides growth and buyout capital for companies with revenue between $10 million and $50 million.
About Peterson Partners
Peterson Partners, based in Salt Lake City, Utah, is one of the Intermountain West’s most successful private equity firms. Specializing in small to mid-sized companies, Peterson Partners has a track record of successful investments including JetBlue, Vivint, EnergySolutions, 3form, Access CIG and Diamond Rental. Founded in 1995, Peterson Partners has managed over $350 million in committed capital through seven funds. For more information, visit www.petersonpartnerslp.com.