Pritzker Private Capital Raises $3.4 Billion for Latest Fund (2)

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.

The new fund adds to a number of capital raises by Chicago investment firms over the past year. ...