Peterson Partners Raises $265 Million for Tenth Private Equity Fund

May 21, 2024, Salt Lake City, Utah

Today Peterson Partners announced that its private equity business, Peterson Private Equity, has closed $265 million in Fund X, which is focused on investing $10-25 million behind entrepreneurs and management teams in profitable and growth-oriented companies.

“Our passion is helping great people build great businesses,” said Clint Peterson, Managing Partner of Peterson Partners. “We are grateful for the active support of our investors, many of whom have been with us for more than twenty years, and many of whom have also been CEOs with us.”

Peterson Private Equity is one of the earliest funds based in the Mountain West region and for the past two decades, has actively invested across software, business services, healthcare, and consumer, including in companies such as Packsize, NMA, solidcore, and Blue Raven Solar.

“As most of our investments are sourced from CEOs and investors in the Peterson network, we have deep insights into the people we’re backing and the ways in which we can add value,” said Brett Stohlton, Partner at Peterson Private Equity. “In a world where capital is often a commodity, we find ways to accelerate growth by applying lessons from more than 300 companies and management teams we’ve backed over the years.”

With the close of Fund X, Peterson Private Equity intends to make approximately 12 investments and has already invested in three companies:

• Dura Software—a software aggregator of niche B2B SaaS companies, based in San Antonio
• Packsize —a sustainable, smart packaging provider for e-commerce and retailers, based in Salt Lake City
• Kelso—a leader in commercial mechanical, electric, and plumbing services, based in Phoenix.

“Kelso is a good example of what Peterson Partners is all about: helping an exceptional entrepreneur do the hard work of scaling a business while also maintaining its distinctive culture,” said Spencer Clawson, Partner at Peterson Private Equity. “We are grateful for our partnership with Steve Carroll, CEO of Kelso, and the incredible work he and his team are doing.”

“The support from Peterson goes far beyond their capital,” added Steve Carroll. “We ultimately chose Peterson as our partner because of their track record of supporting entrepreneurs, especially in hard times.”

Peterson Partners is on a mission to support exceptional entrepreneurs and management teams in building enduring enterprises. Peterson Partners has invested across industries in more than 300 companies, including Packsize, Lucid Software, solidcore, Ethos, Luggage Forward, SmartAsset, and Breeze Airways. Peterson is often the first institutional equity capital in a business, and the investment firm participates for a meaningful chapter of growth, usually 5-10 years, during which it acts as a trusted coach and advisor in driving growth and building brands, systems, and human capital.

Peterson Partners is an independent investment firm with more than $2.0 billion under management across Private Equity, Venture Capital, and Search strategies.

To learn more about Peterson Partners, visit https://petersonpartners.com, or view the Peterson profile in our Company Directory.