Pritzker Private Capital Raises $3.4 Billion from Premier Family and Institutional Investors

Oversubscribed PPC IV Surpasses Target and Substantially Exceeds PPC III, Demonstrating Success of PPC’s Differentiated Approach to Partnering with Family, Founder, and Management-Owned Businesses

CHICAGO--(BUSINESS WIRE)--Pritzker Private Capital (“PPC”), a leader in family direct investing, today announced the final closing of PPC IV at $3.4 billion in total commitments. The investment vehicle was oversubscribed against its $3.0 billion target and substantially surpasses the $2.7 billion raised for PPC III, which closed in 2021.

For more than 20 years, PPC has been a partner of choice for leading family, founder, and management-owned businesses in the manufactured products and services sectors. To date, PPC has invested in 31 platforms and completed more than 110 add-on acquisitions, deploying greater than $10 billion in total capital.

“All of us at PPC deeply value the trust and support shown by our investor partners. The successful close of PPC IV is a testament to our track record and partnership with families and founders to grow strong, enduring businesses,” said Michael Nelson, Managing Partner and Head of Investing at PPC.

“We endeavor to build better businesses together,” said David Gau, President and Head of Operations at PPC. “Our approach to partnering with companies to pursue excellence, including the support and resources we provide to achieve that goal, resonates with business owners who aspire to take their companies to the next level.”

PPC IV is anchored by core commitments from members of the PPC team and related entities, which represent approximately 17% of the total fund. They are joined by other premier family groups and institutional investors from across North America, Asia, Europe and Latin America. PPC’s capital base is well-aligned with its approach, as a majority of PPC IV’s investors are family investment firms.

“Our family business heritage is a meaningful point of differentiation for our firm, further cemented by investors who share our belief in investing in and building family, founder, and management-owned businesses,” said Rebecca Converse, Partner and Head of Strategic Partnerships.

PPC has completed three investments in PPC IV: HeartLand, Americhem, and Buckman. HeartLand is a founder-led, multi-regional provider of landscaping services to commercial end markets. Americhem is a family-owned manufacturer of custom color and performance additive solutions serving fibers, healthcare, transportation and building products markets. Buckman is a family-owned innovator in specialty solutions for water treatment and industrial processes.

Tony Pritzker, Co-Founder, Chairman, and Chief Executive Officer of PPC, commented, “We sincerely appreciate the continued support from our returning investors and are excited to welcome new investors to the PPC family. As always, we will continue to be guided by our longstanding values of honesty, integrity, and loyalty.”

Kirkland & Ellis served as legal counsel to PPC, and William Blair and GrovePeak acted as placement agents for the investment vehicle.

About Pritzker Private Capital

Pritzker Private Capital (PPC) partners with middle-market companies based in North America with leading positions in the manufactured products and services sectors. The firm's differentiated, long-duration capital base allows for efficient decision-making, broad flexibility with transaction structure and investment horizon, and alignment with all stakeholders. PPC builds businesses for the long term and is an ideal partner for entrepreneur- and family-owned companies. PPC is a signatory to the United Nations Principles for Responsible Investment (PRI). For more information, visit PPCPartners.com.