Friday, 27 March 2015
Last updated 4 hours ago
Jan 9 2008 | 11:10am ET
Private equity firm Sorenson Capital has closed its second private equity fund, which has attracted approximately $400 million in capital. It is the largest closing to date for a Utah-based p.e. firm.
Sorenson is best known for its high-powered management team, including founding managing directors Fraser Bullock, who was chief operating officer of the 2002 Salt City Winter Olympics; Ron Mika, a former managing director of Bain Capital; and Tim Layton, former president and CEO of Medeco Security Locks and managing director of Alpine Consolidated.
“We want to find and help grow enterprises in the western United States that have promising products or services and positive cash flows,” said Bullock. “We’re Westerners ourselves and we believe many of the businesses in this region have plenty of untapped potential.”
Sorenson Capital Partners II will invest primarily in companies with revenues between $30 million and $300 million.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…