The Pritzker Group, the Pritzker family’s investment firm, has hired Paul Carbone, a managing partner at Baird Private Equity, to manage its private equity investments,
the
Chicago Tribune
reported.
The Pritzker Group is expected to invest more than $1 billion in PE funds in the next few years, the article said.
Tony Pritzker and J.B. Pritzker lead the Pritzker Group’s private equity team, which focuses on mid-market buyouts of North American companies valued between $50 million and $400 million, the
Tribune
article said.
The report noted that while most PE firms’ limited partners want to cash out at some point, “the Pritzker Group’s private equity business manages only the family’s money, so it isn’t bound by any fund structure. That means that Carbone won’t have to spend a significant amount of time trying to raise money from outside limited partners, rather focusing on making investments. And the Pritzker Group takes an uncommonly long time horizon, sometimes decades, for their investments.” (Source:
Chicago Tribune,
Feb. 22, 2012.)
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