Salt Lake City, Utah-based private equity firm Peterson Partners closed its eighth fund, at $140m.
Backers include with prominent U.S. business and investment leaders.
The fund will provide growth and buyout capital between $2m and $15m to companies with revenue between $10m and $50m.
Founded in 1995 by Joel Peterson, Peterson Partners has managed over $350 million in committed capital through seven funds. The current portfolio includes 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.
Partners include Brandon Cope and Dan Peterson.