– Pritzker Alternative Strategies LP (“PAS”) has formed a dedicated family capital investment firm for passive investing in high-quality private equity funds.
– Chaired by Tony Pritzker, PAS allocates Pritzker family capital to lower and middle-market private equity funds focused on growth and value strategies in the U.S. and Europe.
– PAS leverages the Pritzker family’s business-building legacy, extensive network, and private markets investing track record.
– PAS is led by Paul Carbone, former Managing Partner of Pritzker Private Capital (“PPC”), and operates independently from PPC.
– PAS will generally avoid investing in funds that could directly compete with PPC’s platform companies.
– Trusts for Tony Pritzker and his family have committed substantial investment to PAS; Tony Pritzker is Chairman of the Board but not involved in daily operations.
– Paul Carbone, Co-Founder and President of PAS, emphasizes the advantages of family capital and the attractiveness of passive private equity fund investing.
– PAS targets limited partner commitments of $10-25 million per fund and $3-7 million per Alpha Product across services, technology, value-oriented, and healthcare sectors.
– Alpha Products include equity co-investments, continuation vehicles, secondary LP interests, and other specialized opportunities.
– PAS focuses on careful fund manager selection, diligent evaluation, and disciplined portfolio construction to navigate a crowded private equity market.
– The PAS team includes experienced professionals:
➖ Shanna Otto, C.P.A., Chief Operating Officer, Chief Compliance Officer, and Partner (formerly at Promus).
➖ Jack Farr, Principal – Investments (formerly at Pantheon).
➖ Jacob Thilman, Senior Associate – Investments (formerly at Adams Street Partners).
➖ Ruben Torres, Senior Associate – Investments (formerly at Northwestern University endowment and GCM Grosvenor).
➖ Jessica Hackett, Senior Associate – Finance & Operations (formerly at Adams Street Partners).
➖ Angela Baroni, Private Markets Coordinator (experience at PPC and GTCR).
– PAS has already made several fund commitments as part of executing its strategy.
