Pritzker Private Capital raises $2.7 Billion for family office investment vehicle Thursday, July 29, 2021
Bailey McCann, Opalesque New York:
Chicago-based Pritzker Private Capital has closed its latest investment vehicle PPC III on $2.7 billion. The fund hit its hard cap and was significantly oversubscribed. PPC III is among the largest family investment vehicles raised in North America.
The vehicle s investor base is primarily the firm itself, other family offices and select institutional investors.
PPC launched its capital raise for PPC III in September 2020 and reached its hard cap of $2.7 billion in approximately nine months. The firm first raised outside capital with the late 2017 launch of PPC II, which closed in July 2018 at its hard cap of $1.8 billion. In less than four years, PPC has raised $4.5 billion in total committed capital.
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