Sorensen Capital raises larger fund to give Utah and Mountain West firms a boost
| January 7, 2008 |  View for printing |
Its $400M is the largest closing for state in private equity money
Mountain West companies have a new outside investment vehicle — one that's a fancier follow-up to a successful private equity fund started in 2004.
Lehi-based Sorenson Capital http://www.sorensoncapital.com/ today announced the closing of its second private equity fund designed to help established companies in Utah and a few other states. The fund, Sorenson Capital Partners II, has attracted about $400 million in capital, making it the largest closing for a Utah-based private equity firm.
By Brice Wallace Deseret Morning News
Full Story: http://www.deseretnews.com/article/1 ... 911,00.html
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Utah firm makes history
Sorenson amasses $400M, what some say is largest closing of its kind in state
Sorenson Capital Partners has raised what some believe is the biggest pool of investment dollars ever amassed by a Utah private-equity firm.
The Lehi-based company accumulated $400 million between mid-September and the middle of December from more than 30 investors in Europe and the United States, outstripping the $250 million it raised for another Sorenson investment fund in 2004.
By Paul Beebe The Salt Lake Tribune
Full Story: http://www.sltrib.com/business/ci_7899564
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