Managing Partner & Founder, Five by Five Capital LLC
Park City, Utah
Years of Service: 2025-2030

Peter J. Friedman is the managing partner and founder of Five by Five Capital LLC, a private equity firm focused on a broad range of industries, including financial services, aerospace, and defense. He is also a principal at AgileCap, a boutique commercial lender specializing in solutions for the insurance industry. Prior to founding Five By Five Capital LLC, Friedman managed mergers and acquisitions as the vice president of corporate development for Loews Corporation.

 Earlier, Peter was a director in the Corporate Strategy and Development Group at United Technologies Corporation, managing mergers and acquisitions across the company. His responsibilities included sourcing, managing, and negotiating all aspects of mergers and acquisitions. 

Friedman was a geology major at Bates. Early in his career he was a pilot for US Airways. In 2003 he received a M.B.A. from the Tuck School of Business at Dartmouth College. He served on the advisory board at Tuck, and in May 2025 returned to Bates to teach a new Short Term course called “Tuck Business Essentials,” which he taught alongside faculty from Tuck and other Bates/Tuck alumni. 

Friedman and his wife, Kitty Northrop Friedman ’95, P’24, P’26, a Bates trustee emerita, are deeply engaged alumni, and were both members of The Campaign for Bates: Endowing Our Values campaign committee. Friedman’s service to his class is extensive and includes serving as chair of his 30th Reunion Gift Committee and co-chair for his 10th and 25th Reunions.

The Friedmans live in Park City, Utah, and have three adult children, Ned, Lindley, and Molly. Ned ’24 majored in politics, was a co-chief of Bates Emergency Medical Services, and is now working as a firefighter in the Denver area. Lindley ’26 is majoring in biology and is a captain of Bates Emergency Medical Services.