Peterson Search Partners launches new Micro-Cap Buyout Fund I
Peterson Search Partners, a new Peterson Partners strategy dedicated to search funds and micro-private equity, has announced a USD48 million fundraise for Fund I.
The fund is mandated to invest USD1 million to USD2 million in talented operators with cash-flowing businesses.
“Our investment philosophy at Peterson Partners is to help great people build great businesses,” says Clint Peterson, Managing Partner of Peterson Partners. “We are thrilled to build upon our track record by bringing in outside, value-added investors with this new fund.”
Founder and Chairman Joel Peterson has invested in several notable search fund deals over the past several decades. Peterson Partners has been one of a handful institutional investors in the search space over the past two decades, backing exceptional entrepreneurs in companies such as of Asurion, PEC Safety, Stealth Monitoring, Integra, Design Communications, Performance Systems Integration, and HemaSource.
“While we have traditionally focused on operators from Stanford GSB, we are excited to expand our reach to other schools and backgrounds,” says JR De Agostini, Principal at Peterson Search. JR is former Navy Seal team leader, and a graduate of Stanford University’s GSB.
With the close of Fund I, Peterson Search intends to make approximately 25-30 investments over the next three years.
“We think that entrepreneurship through acquisition is well-positioned for the next decade as baby boomers retire in the coming decade,” says Max Artz, Principal at Peterson Search. "When we invest in talented and entrepreneurial leaders, and align incentives to growing an enduring business, we have great conviction in the potential.”
Max has previously been a General Manager of a Chinese-based manufacturer. He is also an alum of Stanford GSB.
Headquartered in Utah, Peterson Search is part of the Peterson Partners platform, an independent investment manager with over USD900 million in assets under management.