Pritzker Alternative Strategies Raises Nearly $385 Million Inaugural Fund from Select Family Investors
PE FORUM > Blog > Fundraising News > Pritzker Alternative Strategies Raises Nearly $385 Million Inaugural Fund from Select Family Investors
– Pritzker Alternative Strategies LP (“PAS”) is a differentiated family capital investment firm focused on passive investments in high-quality private equity funds and related opportunities.
– PAS announced the final close of its inaugural fund, Pritzker PAS Fund LP (“PAS I”), at nearly $385 million in total commitments from select family investors.
– PAS I is anchored by core commitments from trusts benefiting Tony Pritzker and his family, along with significant commitments from other select U.S. family investors.
– The PAS I capital raise was completed in approximately seven months, showing strong interest from family investors in growth and value-focused private equity funds in the U.S. and Europe.
– PAS aims to provide family investors with a diversified portfolio of high-quality private equity funds and Alpha Products in the lower and middle-market, emphasizing access to emerging managers.
– Alpha Products may include equity co-investments, continuation vehicles, secondary LP interests, and other specialized opportunities.
– PAS is chaired by Tony Pritzker and led by private markets veteran Paul Carbone.
– Senior team members include Shanna Otto, C.P.A. (Chief Operating Officer, formerly at Promus) and Jack Farr (Principal – Investments, formerly at Pantheon’s U.S. investment team), supported by experienced investment and operations professionals.
– Paul Carbone highlighted PAS’s differentiated approach, emphasizing transparency, collaboration, and leveraging family capital advantages in private equity.
– PAS I closed quickly despite current market conditions, demonstrating strong conviction in passive investing in high-quality private equity funds.
– PAS has made numerous fund commitments and targets limited partner commitments of $10-25 million per underlying fund and $3-10 million per Alpha Product.
– Investments are diversified across services, technology, value-oriented, and healthcare sectors.
– PAS is supported by Senior Advisors with extensive private markets and family capital experience, including Michael J. Batal III, Phillip J. Durst, Joseph K., and Quan Mac.
– The Senior Advisor team works closely with PAS to expand the family capital network and execute its investment strategy.
– PAS announced the final close of its inaugural fund, Pritzker PAS Fund LP (“PAS I”), at nearly $385 million in total commitments from select family investors.
– PAS I is anchored by core commitments from trusts benefiting Tony Pritzker and his family, along with significant commitments from other select U.S. family investors.
– The PAS I capital raise was completed in approximately seven months, showing strong interest from family investors in growth and value-focused private equity funds in the U.S. and Europe.
– PAS aims to provide family investors with a diversified portfolio of high-quality private equity funds and Alpha Products in the lower and middle-market, emphasizing access to emerging managers.
– Alpha Products may include equity co-investments, continuation vehicles, secondary LP interests, and other specialized opportunities.
– PAS is chaired by Tony Pritzker and led by private markets veteran Paul Carbone.
– Senior team members include Shanna Otto, C.P.A. (Chief Operating Officer, formerly at Promus) and Jack Farr (Principal – Investments, formerly at Pantheon’s U.S. investment team), supported by experienced investment and operations professionals.
– Paul Carbone highlighted PAS’s differentiated approach, emphasizing transparency, collaboration, and leveraging family capital advantages in private equity.
– PAS I closed quickly despite current market conditions, demonstrating strong conviction in passive investing in high-quality private equity funds.
– PAS has made numerous fund commitments and targets limited partner commitments of $10-25 million per underlying fund and $3-10 million per Alpha Product.
– Investments are diversified across services, technology, value-oriented, and healthcare sectors.
– PAS is supported by Senior Advisors with extensive private markets and family capital experience, including Michael J. Batal III, Phillip J. Durst, Joseph K., and Quan Mac.
– The Senior Advisor team works closely with PAS to expand the family capital network and execute its investment strategy.