Peterson Partners, a Salt Lake City, Utah-based private equity firms specializing in small to mid-sized companies, has closed its Fund VI, at $50m.
Limited Partners in Peterson Partners Fund VI include Row Moriarty, David Checketts, Bob Nakasone, Bob Whitman and Row Moriarty. Whitman and Moriarty also serve on the firm’s investment committee.
The firm also added Travis Everton as a principal on its core investment team, which is led by Founder and Chairman Joel Peterson and includes Managing Partner Dan Peterson and Partner Brandon Cope. Formerly with Sorenson Capital Partners and L.E.K. Consulting, Everton has led investments in aerospace, energy and other industries.
Fund VI will focus on making private equity investments of between $2m and $10m in companies with revenue between $10m and $50m, as well as exploring buyout opportunities.
Founded in 1995, Peterson Partners has managed over $300m in committed capital through five funds. Successful investments include JetBlue, Making Memories, EnergySolutions, 3form, Cranium, Asurion, Instashred and Diamond Rental.