On June 9, 2021, it was announced that The Pritzker Organization, L.L.C. made a $100 million minority investment in Steward Partners Global Advisory, LLC.
Under the terms of the transaction, The Pritzker Organization, L.L.C. (“TPO”) invested $100 million for a minority stake in Steward Partners Global Advisory, LLC (“Steward”). The “buy to build” investment also gives TPO two seats on Steward’s independent Board of Directors. Further terms of the deal were not disclosed.
TPO, based in Chicago, is the merchant bank for the business interests of the Tom Pritzker family focused on creating value over a significant time horizon. As of May 2021, TPO had $30 billion in assets under management
Steward, based in Washington D.C., is an employee-owned, full-service independent partnership catering to family, institutional, and multigenerational wealth. As of June 2021, Steward has approximately $23 billion in assets under management across its platform investments.
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