Peterson Partners has raised $140 million for its eighth fund, the firm announced. The Salt Lake City, Utah, private equity firm makes investments of between $2 million and $15 million in companies, and has backed companies including JetBlue Airways and Azul Airlines.
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
“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
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.