TLDR:
- Peterson Partners closed their tenth private equity fund, Fund X, at $265M
- The fund aims to invest in 12 profitable and growth-oriented companies in various sectors
In a recent announcement, Peterson Partners, an investment firm based in Salt Lake City, UT, revealed that they have successfully closed their tenth private equity fund, Peterson Private Equity Fund X, at $265M. Led by Managing Partner Clint Peterson, and Partners Brett Stohlton, and Spencer Clawson, the fund aims to make investments in 12 operations, with a focus on companies that are profitable and growth-oriented.
With a goal of investing between $10-25m in each company, Fund X has already made investments in three companies: Dura Software, a software aggregator of niche B2B SaaS companies; Packsize, a sustainable packaging provider for e-commerce and retailers; and Kelso, a company specializing in commercial mechanical, electric, and plumbing services.
Peterson Partners is known for its independent investment approach and currently manages over $2.0 Billion across Private Equity, Venture Capital, and Search strategies. The firm has a strong track record of investing across various sectors including software, business services, healthcare, and consumer goods, with notable investments in companies such as Packsize, NMA, solidcore, and Blue Raven Solar.
Overall, the closing of Fund X at $265M demonstrates Peterson Partners’ continued commitment to supporting and partnering with innovative and growth-focused companies across different industries.
