Publications
Publications
- February 2024 (Revised June 2024)
- HBS Case Collection
Can Families Conquer Private Equity? Pritzker Private Capital
By: Lauren Cohen and Sophia Pan
Abstract
Anthony (Tony) Pritkzer, Paul Carbone, and the Pritzker Private Capital (PPC) team wondered how to approach the firm’s next phase of growth. PPC was a private equity firm that offered a differentiated approach to the family capital market. Back in 2016, the partners had decided to introduce third party capital into their stream of funds, ultimately allowing for bigger and more successful deals. Despite their financial gains, PPC knew that their initial success could easily be forfeited. Much was to be considered: addressing regulation, maintaining PPC’s family-first image, and preserving Tony’s entrepreneurial spirit were only but a few challenges to be faced. How should the team advance, given the additional obstacles that come with PPC's model?
Keywords
Family Office; External Financing; Succession; Leadership Transition; Family Business; Private Equity; Investment; Business Growth and Maturation; Financial Strategy; Investment Portfolio; Business Model; Private Sector; Financial Liquidity; Risk Management; Organizational Structure; Competitive Advantage; Venture Capital; Management Succession; Financial Services Industry; Chicago; Illinois; United States
Citation
Cohen, Lauren, and Sophia Pan. "Can Families Conquer Private Equity? Pritzker Private Capital." Harvard Business School Case 224-078, February 2024. (Revised June 2024.)