Pritzker Private Capital Raises $3.4 Billion for Latest Fund

Pritzker Private Capital, an investment firm originally started by billionaire Illinois Governor JB Pritzker and his brother, Tony, raised a record $3.4 billion for its fourth fund.

The PPC IV fund, which has already made three investments, exceeded its initial target of raising $3 billion, according to a statement on Tuesday. About 17% of the funding came from the firm’s members and related entities, with other families and institutional investors from North America, Asia, Europe and Latin America joining in.