Peterson Partners Closes Fund III; Fund Attracts High-Powered Roster of New Investment Partners.Business Editors SALT LAKE CITY--(BUSINESS WIRE)--May 4, 2004 Peterson Partners, a leading private equity firm, announced today that it has closed its third investment fund consisting of $105 million of private equity. With this new fund, Peterson Partners has added outside investment partners to its ranks. Prior to the fund, all capital was provided by the general partners of the firm. With the closing of Fund III, Peterson Partners now has over $250 million under management. "With Fund III, we've partnered with seven exceptionally talented investors and business leaders," said Jordan Clements, managing partner of Peterson Partners. "The experience of our new investment partners should add significant expertise to our current and future portfolio companies." The seven investment partners are: -- Dave Checketts Dave Checketts (born c. 1956) lives in Connecticut and is a familiar face to those who follow sports. At 28, he became president and general manager of the Utah Jazz, making him the youngest chief executive in National Basketball Association history. , former CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Madison Square Garden Current arenas in the National Hockey League Western Conference Eastern Conference , experienced sports and media properties investor -- Roger Davisson, former general partner of Brentwood Venture Partners -- Rowland Moriarty, chairman of Charles River Charles River River, eastern Massachusetts, U.S. The longest river wholly in the state, it flows into Boston Bay after a course of about 80 mi (130 km). Navigable for about 7 mi (11 km), its estuary separates the cities of Boston and Cambridge. Associates and former Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. professor -- Robert Nakasone, former CEO of Toys R Us and Staples Inc. board member -- David Neeleman David G. Neeleman (born October 16, 1959) is the founder and former CEO of JetBlue Airways. Neeleman, an American of Dutch descent, was born in São Paulo, Brazil.[1] , CEO of JetBlue -- Martin Trust, founder of Mast Industries and member of the boards of The Limited and Staples Inc. -- Steve Wheelwright wheel·wright n. One that builds and repairs wheels. wheelwright Noun a person whose job is to make and mend wheels Noun 1. , Harvard Business School professor About Peterson Partners LP Formed in 1995, Peterson Partners (formerly Peterson Capital) provides business expertise and equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. to companies with proven business models and high growth potential. One of the leading private equity buy-out firms for small- to mid-sized companies in the nation, Peterson Partners has developed a track record of building successful businesses by using sound investment strategies, collaborating with management teams and leveraging a personal network of professional experts. The Peterson investment portfolio is currently comprised of more than 20 high-growth companies located throughout the United States. Some of its recent successful investments include JetBlue, Asurion, Instashred Security Services, and Making Memories. The firm's general partners are Jordan Clements, Rick Durham, Joel Peterson and Rick Stratford. Visit www.petersonpartnersllc.com for more information. |
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