What are the top private equity firms in Utah?

Top Utah PE firms include Sorenson Capital ($1.5B+ AUM), HGGC ($5B+, co-founded by Jon Huntsman Jr.), Mercato Partners ($1B+), Signal Peak Ventures ($600M+), Peterson Partners ($1B+), and Cyprus Capital ($400M+). Most focus on tech-enabled businesses and growth equity.

What size companies do Utah PE firms invest in?

Utah PE firms typically target companies with $5M-$50M in annual revenue and $3M-$15M EBITDA. Deal sizes range from $10M-$500M, with most firms in the $10M-$100M range. Growth equity firms may invest earlier, targeting companies with $3M+ ARR.

What is the difference between PE and VC in Utah?

Private equity firms invest in established, often profitable companies and typically take majority stakes. VCs invest earlier, in pre-profit companies, and take minority stakes. Utah has strong ecosystems for both — VCs like Kickstart Fund for early-stage, and PE firms like Sorenson for growth stage.

How do I get in front of PE firms in Utah?

Attend Silicon Slopes Summit and ACG Utah events, engage local investment bankers for deals over $20M, build relationships through the Utah PE community, and ensure your financials are clean with 3+ years of data. Use Datapile to identify PE firms that match your company's profile.

Top Private Equity Firms in Utah (2026): The Complete Guide

Private Equity Firms in Utah: Growth Capital in Silicon Slopes

Utah's booming tech economy hasn't just attracted venture capital — it's built a significant private equity ecosystem. The state's concentration of profitable, high-growth software companies makes it a natural home for PE firms specializing in growth equity, buyouts, and tech-enabled services. Whether you're a founder exploring a PE-backed growth round or a professional seeking PE firms in the Mountain West, this guide covers the top private equity firms in Utah.

Utah Private Equity Landscape (2026)

25+

Active PE Firms

$20B+

AUM in Utah PE

$10M-$500M

Typical Deal Size

SaaS & Tech

Core Focus

Why Private Equity Thrives in Utah

Profitable tech companies: Utah's enterprise SaaS companies often reach profitability faster than coastal peers, making them ideal PE targets.
Founder-friendly culture: Many Utah founders prefer growth equity over traditional VC — PE firms that provide capital without excessive board control are a natural fit.
Lower valuations: Compared to Bay Area companies, Utah's tech companies often offer better value for PE firms, with similar growth rates at lower multiples.
Strong management teams: The recycling of talent from companies like Qualtrics, Pluralsight, and Domo means Utah companies often have experienced operators, which PE firms love.

Top Private Equity Firms in Utah

Growth Equity & Tech PE

Sorenson Capital

AUM: $1.5B+. Focus: Growth equity in tech-enabled businesses. Based in Lehi. One of Utah's most prominent homegrown PE firms. Targets $10M-$100M investments in companies with $5M-$50M revenue.

Mercato Partners

AUM: $1B+. Focus: Growth equity in technology, branded consumer, and real estate. Based in Salt Lake City. Multi-strategy firm with deep Utah roots.

HGGC (formerly Huntsman Gay)

AUM: $5B+. Focus: Middle-market buyouts in tech, services, and industrials. Co-founded by Jon Huntsman Jr. in Salt Lake City. One of the largest PE firms in the Mountain West.

Signal Peak Ventures

AUM: $600M+. Focus: Growth-stage B2B software. SLC-based. Invests in companies with $5M-$30M ARR looking to scale. Portfolio includes Lucid, Podium (early).

Buyout & Middle Market

Peterson Partners

AUM: $1B+. Focus: Middle-market businesses across tech, healthcare, and consumer. SLC-based. Long-duration capital approach — willing to hold for 7-10+ years.

Cyprus Capital

AUM: $400M+. Focus: Lower middle-market buyouts in business services, healthcare, and technology. Provo-based. Acquires companies with $3M-$15M EBITDA.

Renovus Capital Partners

Focus: Knowledge-intensive services and education companies. Targets businesses with $5-25M revenue. Active in Utah's education and training sector.

Venture Growth & Early PE

Catalyst Investors

Focus: Growth-stage SaaS companies. Invests $5M-$25M in companies with $3M-$20M ARR. Active in Utah's software ecosystem with operational value-add approach.

Elsewhere Partners

Focus: Growth equity for bootstrapped software companies. No-dilution model — provides capital without requiring founders to sell a majority stake. Active in Utah.

PE vs VC: When to Choose Private Equity

Factor	Private Equity	Venture Capital
Stage	Established (usually profitable)	Early-stage (often pre-profit)
Deal Size	$10M-$500M+	$500K-$50M
Control	Often majority stake	Minority stake
Best For	Scaling profitable businesses	Funding innovation and growth

How to Approach PE Firms in Utah

Get your financials clean: PE firms require audited financials, detailed P&L, and clear EBITDA calculations. Have 3+ years of financial data ready.
Demonstrate consistent growth: PE firms want 15-30% annual revenue growth with improving margins. Hockey-stick growth matters less than consistency.
Engage an investment banker: For deals over $20M, most PE transactions involve an intermediary. Local firms like Houlihan Lokey and Lincoln International have Utah coverage.
Network at local events: Silicon Slopes Summit, ACG (Association for Corporate Growth) Utah, and the Utah Private Equity Association host regular events.
Use Datapile: Filter our database of 100,000+ investors by investor type (Private Equity) and location to find PE firms that match your company profile.