Pritzker Alternative Strategies LP has raised nearly $385 million for its inaugural fund, marking a rapid and successful entry into the private equity investment space backed by family capital.
The fund, Pritzker PAS Fund LP, secured commitments from a select group of family investors, anchored by trusts benefiting Tony Pritzker and his family. The fundraising process was completed in approximately seven months, reflecting strong demand from family offices seeking access to differentiated private equity opportunities.
The firm focuses on making passive investments in high-quality private equity funds and related opportunities across the United States and Europe. Its strategy emphasizes lower and middle-market investments, with a particular focus on emerging managers that are often difficult for family investors to access directly.
Pritzker Alternative Strategies aims to build a diversified portfolio that includes traditional fund commitments as well as so-called “Alpha Products,” such as co-investments, continuation vehicles, and secondary limited partner interests. The firm typically targets commitments of $10 million to $25 million per fund and $3 million to $10 million per Alpha Product, spanning sectors including services, technology, healthcare, and value-oriented industries.
The firm is chaired by Tony Pritzker and led by private markets veteran Paul Carbone, alongside a senior team with experience across investment and operational roles. The broader platform is supported by a group of senior advisors with deep expertise in private markets and family office investing.
The successful close comes amid a challenging fundraising environment, underscoring continued appetite among family investors for curated access to private equity and disciplined portfolio construction strategies.
KEY QUOTES:
“We are honored by the trust and support family investors have placed in us. We are building a different kind of investment firm as we strive to be a value-added partner to both fund managers and family investors. Our differentiated approach is guided by our commitment to transparency and collaboration. We strongly believe that the inherent advantages of family capital accessing the private equity market, fueled by rigorous manager selection and portfolio construction, make for a powerful combination. We are thrilled to have quickly closed PAS I, especially given the current fundraising environment. Despite and, in part, because of today’s market disruption, we have strong conviction that passive investing in high-quality private equity funds can represent an attractive investment strategy, and fund managers are demonstrating significant interest in the PAS platform. As we deploy PAS I, we continue to make commitments supporting high-quality managers and deliver family capital to the private equity market with experience, discipline and certainty.”
Paul Carbone, Co-Founder, President, And Chair Of The Investment Committee, Pritzker Alternative Strategies LP
