# Pritzker Private Capital

> Pritzker Private Capital is a Chicago-based investment firm that buys majority stakes in family- and founder-owned middle-market companies across North America, concentrating on manufactured products and services. Founded by Tony Pritzker - heir to the family that built Hyatt Hotels and the Marmon Group - PPC pitches long-duration 'family capital' that can hold a business for a decade or more instead of the three-to-five-year clock of a traditional buyout fund. In August 2025 it closed its largest fund yet at $3.4 billion, backing roughly 20 portfolio companies from packaging maker ProAmpac to logistics operator Kenco.

- **Founded:** 2002
- **Headquarters:** Chicago, United States
- **Founders:** Tony Pritzker (Chairman, CEO and Co-Founder), Paul Carbone (Co-Founder and President)
- **Team size:** Roughly 80-90 investment and operating professionals across Chicago and Los Angeles
- **Products:** PPC Flagship Buyout Funds (PPC II-IV), Sector platforms - Manufactured Products, Sector platforms - Services, Operating and value-creation support
- **Notable:** Closed PPC Fund IV at $3.4 billion in August 2025, its largest fund to date, surpassing the $2.7 billion PPC III (2021)., Built a portfolio of roughly 20 middle-market companies across manufactured products and services., Grew from the Pritzker family's investment activity (marked its 20th anniversary in 2022) into a standalone institutional platform.

## Products & services

- **PPC Flagship Buyout Funds (PPC II-IV)** — Majority-stake private equity investments in family- and founder-owned middle-market companies across manufactured products and services, backed by long-duration family and institutional capital.
- **Sector platforms - Manufactured Products** — Investments in specialty manufacturing, packaging, chemicals and industrial products (e.g., ProAmpac, Plaskolite, Americhem, Aurorium, Buckman, Technimark).
- **Sector platforms - Services** — Investments in business, distribution, logistics and healthcare services (e.g., Kenco Logistics, Highline Warren, PathGroup, HeartLand, Valicor).
- **Operating and value-creation support** — Hands-on operating guidance, add-on acquisition support and management partnership for portfolio companies.

## Achievements

- Closed PPC Fund IV at $3.4 billion in August 2025, its largest fund to date, surpassing the $2.7 billion PPC III (2021).
- Built a portfolio of roughly 20 middle-market companies across manufactured products and services.
- Grew from the Pritzker family's investment activity (marked its 20th anniversary in 2022) into a standalone institutional platform.
- Completed dozens of platform and add-on acquisitions, including ProAmpac, Plaskolite, Vertellus/Aurorium, Buckman and Americhem.
- Extends the Pritzker family's business-building legacy, which includes Hyatt Hotels and the Marmon Group.

## Latest updates

- **2026-01** — PPC added NaturPak, a manufacturer of aseptic beverage and food products, to its portfolio.
- **2025-08** — PPC closed Fund IV at $3.4 billion, its largest fund yet, backed by family offices and institutional investors.
- **2025-07** — PPC completed its acquisition of Buckman, a family-owned specialty chemicals and water-treatment company.
- **2025-02** — PPC agreed to acquire a majority stake in Americhem, a maker of custom color masterbatch and engineered compounds.
- **2023-01** — Leadership transition took effect: Michael Nelson became Managing Partner and David Gau Chief Operating Officer, with co-founder Paul Carbone moving to President.

## Links

- Website: https://ppcpartners.com
- LinkedIn: https://www.linkedin.com/company/pritzkerprivatecapital/

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Last updated: 2026-08-15