Salt Lake City-headquartered private equity firm Peterson Partners has closed its eighth fund on $140m.
The fund will invest between $2m and $15m per deal, providing growth and buyout capital for companies with revenues of between $10m and $50m.
Dan Peterson, managing partner of Peterson Partners, said, “This new fund enables us to continue to serve as reliable capital partners to our current and future portfolio companies.
“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 firm’s current portfolio companies such companies as JetBlue Airways and Azul Airlines in the travel industry, Ladder Capital in financial services and CLEO in the software sector.
Since its inception in 1995 Peterson has managed over $350m in committed capital through seven funds.
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