Deals

Pritzkers Raise $1.8 Billion From Wealthy Families for Fund

  • PPC Partners’ fund will target packaging, health-care firms
  • Tony Pritzker says ‘We’re very different from private equity’
Tony PritzkerPhotographer: Patrick T. Fallon/Bloomberg
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Just because you raise a buyout fund doesn’t mean you’re a private equity manager.

That’s the idea Tony Pritzker and Paul Carbone pitched to wealthy families when setting out to gather $1.5 billion for the first private equity fund their PPC Partners investment firm marketed to outside clients.