PPC Partners pulls in $1.8B

Chicago, IL | Buyout

PPC Partners has closed its PPC Fund II on a hard cap of $1.8 billion, besting a target of $1.5 billion. The firm was created earlier this year as an offshoot of Pritzker Group Private Capital that's focused on majority deals in the middle market. The vehicle will invest capital from outside investors in addition to cash from members of the Pritzker family, which traces its fortune in part to the Hyatt hotel chain.

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