# Cherokee & Walker

Cherokee & Walker is a Private Equity based in Salt Lake City, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Salt Lake City, United States
- **Region:** North America
- **Address:** 6440 S. Wasatch Blvd. #200, Salt Lake City, UT 84121, United States
- **Founded:** 1999
- **Assets under management:** Undisclosed
- **Website:** cherokeeandwalker.com

## Regulatory record

- **CRD number:** 160962
- **SEC file number:** 801-113327
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/160962

## About

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.

## Sectors

- Real Estate
- Private Credit
- Industrial Tech
- Financial Services
- Healthcare Services
- Energy

## People

- Shane Peery — Partner
- Blair Jenkins — Partner
- Ryan Spencer — Director of Lending & CCO
- Steve Clegg — Chief Financial Officer

## 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 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.

## Related profiles

- [Chenxi Capital](https://altss.com/profile/chenxi-capital)
- [CHI Impact Capital](https://altss.com/profile/chi-impact-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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