Sorenson Capital Raises $400 Million Fund II

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.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...