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Cherokee & Walker
Shane Peery and Blair Jenkins have led Cherokee & Walker, a Salt Lake City private equity firm, since 1999 with over $5 billion in transactions.
Cherokee & Walker
Cherokee & Walker is an SEC-registered investment adviser in Salt Lake City, UT, registered since 2018. The firm manages $101 million in assets, with $95 million discretionary. It has 5 employees and 4 investment advisers.
General information
Firm type
Private Equity
Year founded
1999
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Salt Lake City
Corporate office
6440 S. Wasatch Blvd. #200, Salt Lake City, UT 84121, United States
Principals
Shane Peery
Partner
Blair Jenkins
Partner
Ryan Spencer
Director of Lending & CCO
Steve Clegg
Chief Financial Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Cherokee & Walker?
Partners Shane Peery and Blair Jenkins jointly share investment authority and have been the firm's leaders since its 1999 founding. Director of Lending Ryan Spencer handles underwriting for credit and lending deals. The firm is built around the partners' direct involvement rather than a distributed committee structure.
How does Cherokee & Walker source deals?
The firm relies on a proprietary "Outgrowth" strategy: building new companies inside its existing portfolio using shared administrative, legal, and accounting resources. It also acquires small, high-potential companies where the partners or their network have unique insight.
Does Cherokee & Walker operate as a single-family office or a fund manager?
The firm operates as a private equity and lending platform without disclosing a single-family or institutional LP base. Its structure — with permanent capital and no announced fund vintages — means it acts more like a holding company than a conventional committed-capital fund manager.
Does Cherokee & Walker participate in fund commitments or only direct deals?
Cherokee & Walker pursues direct acquisitions, growth equity, private lending, and spin-offs. It does not market itself as a limited partner in other firms' funds; its capital is deployed through directly managed entities such as the Red Bridge funds.
What is Cherokee & Walker's known posture on co-investments alongside external GPs?
The firm does not publicly advertise a co-investment program for outside general partners. Cherokee & Walker's model is built around internal partnering, forming joint ventures with experienced operators who then run the portfolio companies.
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