Platform investments are opportunities to partner with superb management teams to build businesses over a long period of time.
CURRENT PARTNERSHIPS - CORPORATE
Partnership investments, often non-control, represent situations to work alongside operators and other investors to fuel the next phase of growth in unique situations.
CURRENT PARTNERSHIPS – FUNDS
FORMER INVESTMENTS
Crown Healthcare Laundry Services
Founded in 1955, Crown Healthcare Laundry Services is a full-service healthcare laundry processor and linen management company headquartered in Pensacola, FL. Crown provides laundering, packaging, delivery and additional value-added services to healthcare facilities across the Southeast US. Crown is solely focused on healthcare and processes over 225 million pounds of linen from over 2,300 customer sites through its ten facilities and four distribution centers as of September 2024.
Epic Staffing Group is a diversified national provider of outsourced employment to the biopharmaceutical and healthcare industries. Epic’s staffing verticals include life sciences recruitment process outsourcing, and life sciences consulting, travel nurse jobs, Interim executive placement, travel allied, school special education jobs, therapy and perfusionists, government healthcare staffing, and international clinician placement.
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of December 31, 2023, the Company's portfolio included more than 1,300 hotels and all-inclusive properties in 77 countries across six continents. The Company's offering includes brands in the Timeless Collection, including Park Hyatt®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Hyatt Vacation Club®, Hyatt Place®, Hyatt House®, Hyatt Studios, and UrCove; the Boundless Collection, including Miraval®, Alila®, Andaz®, Thompson Hotels®, Dream® Hotels, Hyatt Centric®, and Caption by Hyatt®; the Independent Collection, including The Unbound Collection by Hyatt®, Destination by Hyatt®, and JdV by Hyatt®; and the Inclusive Collection, including Impression by Secrets, Hyatt Ziva®, Hyatt Zilara®, Zoëtry® Wellness & Spa Resorts, Secrets® Resorts & Spas, Breathless Resorts & Spas®, Dreams® Resorts & Spas, Hyatt Vivid Hotels & Resorts, Alua Hotels & Resorts®, and Sunscape® Resorts & Spas. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith™, Unlimited Vacation Club®, Amstar DMC destination management services, and Trisept Solutions® technology services.
KBP Brands owns and operates more than 1,000 KFC, Taco Bell, Arby's, and SONIC restaurants across 32 states as of September 2024. Based in Leawood, Kansas, the company's geographic reach and expertise running multi-unit businesses has resulted in customer satisfaction and growth for 25 years since its founding in 1999. KBP Brands is one of the largest and fastest-growing restaurant ownership groups in the U.S.
Lithko Contracting, LLC is a full-service concrete contracting company with a unique local service model designed to keep co-workers close to home and support career growth. Strong teams are built to create exceptional customer service in each of its towns. Lithko becomes part of the community through its involvement and by the durable concrete structures its teams help create. Lithko’s comprehensive, in-depth planning and highly precise execution make its local teams ideal partners to deliver on customer expectations.
As of September 2024, Mammoth Holdings owns and operates more than 140 car wash facilities across several states. The operator-focused platform was founded in 2002 and has several brands within its portfolio. The Mammoth investment was made in partnership with Red Dog Equity. The Management teams at both Red Dog and Mammoth have long track records of success in buying and building leading businesses.
Founded in 2013 and representing some of the U.S.'s top advisors, Steward Partners is a full-service, employee-owned, independent financial services firm that offers wealth management solutions for families, businesses, and multigenerational investors. With its commitment to exceptional client service and forward-thinking partnerships, the firm was ranked as the #19 RIA in the country in Barron's Top 100 RIAs for the year 2023. Offering services such as comprehensive wealth planning, private banking, institutional consulting, international advisory, and business solutions, the firm was responsible for over $37 billion in client assets as of September 2024.
Founded more than 100 years ago, STV is a leader in providing architectural, engineering, planning, environmental, and construction management services for transportation systems, infrastructure, buildings, energy, and other facilities. The firm is ranked in the top 10 in Transportation by Engineering News-Record’s (ENR) Top 500 Design Firms survey and has offices throughout the U.S. and in Canada.
TMS International is the leading provider of on-site, industrial steel mill services for steelmakers around the world. TMS provides invaluable resources that support and enhance its partners’ entire manufacturing operations. TMS International is the largest provider of outsourced industrial services to steel mills in North America as measured by revenue and has a substantial and growing international presence. The company provides mill services at 85 customer sites in 12 countries and its global raw material procurement network spans five continents.
ADL Final Mile is a nationwide final mile delivery platform offering customized and final mile logistics services. The Company is predominantly based in the Southeast and Midwest U.S., and is actively searching for final mile logistics entrepreneurs seeking growth capital or an opportunity to transition their businesses.
BlueVoyant, with offices in New York, the Washington D.C. area, London, Madrid, and Tel Aviv, provides Advanced Cyber Threat Intelligence for large companies and Managed Cyber Security Services for smaller businesses. Founded by former Morgan Stanley COO Jim Rosenthal and former Thomson Reuters CEO Tom Glocer, the company has closed on more than $125 million in financing from institutional and individual investors.
Partnership with BMO Sponsor Finance Group supporting their middle market lending platform. TPO has supported BMO’s CLO program since 2019 through sizeable equity investments in three separate middle-market CLO vehicles (Great Lakes 2019, V, and VI). >$1bn of total capital has been raised across the 3 CLO vehicles.
Clearwave Fiber
Clearwave Fiber is a leading Fiber-to-the-Premise provider for residential and business customers within its southeastern US and southern Illinois footprint. We operate in underserved areas in order to rapidly expand the availability of fast and reliable fiber internet to homes and businesses. Our team is motivated by our shared core values of customer service and improving lives through connectivity, as we continue to invest heavily in bringing FTTP to communities across our existing markets and near-adjacent areas.
Ferian Re is an independent, Bermuda-based Class 3B reinsurer that provides quota share reinsurance for claims made and reported commercial cyber insurance policies originated by affiliates of Coalition – a leading provider of cyber insurance and security services. Over time, Ferian Re expects to expand into additional reinsurance contracts, including both quota share and stop loss insurance coverage for additional cyber programs originated by Coalition, and may consider reinsurance contracts for select non-cyber Coalition portfolios (e.g., D&O, Employment Practices Liability, etc.). In addition, the Company may consider additional lines of coverage from third parties that have low volatility and a significant track record of profitability, and that would complement Ferian Re’s cyber portfolio from a diversification and risk management perspective.
Dataminr senses critical events as they happen and alerts professionals in news, finance, public sector, corporate security and communications faster than traditional sources.
Firebird is a next generation music company that partners with a vast array of artists to help them nurture and grow fan relationships, create amazing content, and build long lasting, rewarding careers. Founded by Nat Zilkha (Partner at KKR, Chairman of Gibson Brands) and Nathan Hubbard (former CEO of Ticketmaster, Rival and executive at Twitter), Firebird has rich expertise across the spectrum of artist management and intellectual property creation, from traditional endeavors like touring and recording, to cutting edge marketing and consumer product development, to emerging digital platforms from gaming to web3 and AI. Firebird is transforming the music industry across genres and geographies, backed by a diverse team from a broad set of backgrounds both inside and outside music.
Investment which supports startups created by Foundry.ai, a studio for building companies focused on commercial applications of artificial intelligence. Led by tech entrepreneurs with a track record of building large, valuable analytics businesses, Foundry.ai leverages shared resources (data scientists, codebase, infrastructure) to develop ideas into products, and products into companies.
Grubb Properties, founded in 1963, is a vertically integrated real estate operating company based in the southeastern United States with $400 million invested in approximately $1 billion of properties. It creates exceptional real estate environments and provides premier customer service for residents and tenants through the repositioning of office buildings and the development of multifamily communities under its nationally registered Link Apartments® brand. Link Apartments® provide innovative and affordable quality housing options in connected, urbanizing locations so residents can link to what matters most.
Partnership with Jefferies Credit Partners (JCP) supporting their middle market lending platform. TPO participated as a lead equity investor in JCP’s CLO 2023, which closed on ~$345mm of total capital.
LARP
LARP is a private REIT that acquires residential apartments, targeting properties in unique neighborhoods with predictable cash flows. The company has acquired over 6,000 units across geographies in the Midwest and Northeast.
Lit Communities
Lit Communities is a broadband advisory firm that specializes in working with municipalities to plan and structure their future connectivity. Lit’s partnership with these municipalities has positioned them to provide a Lit-owned last mile fiber to the home offering in the communities where a public private partnership fits the community.
Longtail Re targets diversified, “long-tail” reinsurance opportunities (e.g., workers compensation, property & casualty, cyber) and invests assets / premium float in a diversified pool of loans originated by a qualified group of digital marketplace lenders. Longtail’s differentiated asset strategy is supported by Stone Ridge – an alternatives asset manager with over $10bn AUM.
Ministry Brands is the leading provider of SaaS platforms for churches, parachurch ministries and other faith-based organizations in the United States and Canada, serving more than 95,000 customers. Under the leadership of a mission-driven management team, the company seeks to equip the 21st-century church with technology that empowers pastors, church executives, technology professionals and administrators to proactively carry out their Biblical mission with excellence, reverence, and efficiency. TPO invested alongside Reverence Capital Partners in their acquisition of Ministry Brands.
MRO Holdings (“MROH”) is a leading aircraft maintenance and modifications provider with a focus on long-term solutions for the aviation industry. The company operates four facilities across the Americas, providing approximately 10 million hours of aircraft maintenance and modifications for many of the largest and most respected commercial air carriers in the industry. TPO invested alongside Bain Capital’s Special Situations Group in their Strategic Growth investment into MRO Holdings.
NationsBenefits is a leading supplemental benefits company that partners with managed care organizations to provide innovative healthcare solutions aimed at driving growth, improving outcomes, reducing costs, and delighting members. We surpass traditional benefit designs by taking a consultative approach to understanding each valued client’s objectives, and we offer customized programs that can be targeted or scaled to effectively engage members who have diverse needs. With our compliance-focused infrastructure, technology, care continuum and best-in-class service delivery model, health plans can depend on our company to maximize the value-based care delivered to millions of people who deserve a better quality of life.
Partnership with New Mountain Capital (NMC) supporting their middle market lending platform. TPO participated as a lead equity investor in NMC’s Rated Feeder III vehicle – which closed on a $340mm total capital raise in 2024. The Rated Feeder vehicle facilitates a levered LP position in NMC’s underlying Guardian IV Credit Fund.
Nimble Robotics
Nimble Robotics is an AI robotics and autonomous e-commerce fulfillment technology company. Nimble's AI technology has picked, packed and handled millions of items across apparel, health and beauty, footwear, electronics, consumer packaged goods, general merchandise, pharmaceuticals and more for companies from iconic fortune 500 companies to newly launched high-growth brands.
Omni Logistics is a leading non-asset based, technology-enabled provider of specialized and international 3PL and 4PL solutions. Omni specializes in domestic and international freight forwarding, e-commerce fulfillment, warehousing and distribution, and value-added services for time-sensitive and mission-critical freight.
Sterling Talent Solutions is the third-largest and fastest-growing provider of pre-employment screening solutions in the U.S. Core products include criminal background checks, verification of credentials (including prior employment and education), and facilitation of drug screening.
Superior Waste Solutions is a waste management platform focused on creating a scaled provider of residential and commercial waste management services across the U.S. The company is primarily focused in the Midwestern U.S., and is actively searching for partners who are seeking capital and additional scale.
VIP is a nationally recognized technology solutions provider that primarily services U.S. State & Local Governments. The company helps integrate business, people and process through project-based technology implementation and software reselling. TPO invested in VIP alongside the Circumference Group and Stephens Capital Partners.
Zephyr is a technology-enabled HVAC / home services platform built with the technician at the center. Zephyr acquires local service providers in targeted markets, integrates them into a unified technology and productivity platform, and drives growth at those local brands with centralized support in recruiting, training, marketing, operations effectiveness, finance, M&A and more. By reimagining the technician experience, Zephyr is driving efficiency, retention, and profit for local HVAC brands across the country.
Partnership with Time Warner, Inc. in the sale of magazine subscriptions and merchandise through utilization of a sweepstakes offering with television advertising and direct mail.
Axioma
Axioma develops and markets innovative risk analysis, portfolio rebalancing and performance attribution products for the financial services industry. Founded in 1998 and headquartered in New York, Axioma helps leading financial firms manage risk, increase returns and improve operational efficiency.
Baker Tanks is a leading supplier of liquid containment rental equipment/services in the US, including pumps, filtration, trench shoring, and tanks. It serves oil and gas, pipeline, refinery, construction, environmental remediation, and municipal industries.
Bay City Capital
Bay City is a private equity and venture capital firm specializing in investments in the life sciences sector with a focus on biopharmaceuticals, drug discovery and research tools, medical devices, diagnostics, healthcare information technology, nutrition, and agribusiness.
Braniff
Braniff was a U.S. based airline and successor to Braniff International Airways. It was partially formed from the assets of the original Braniff International Airways.
Catlin Group Limited
Catlin Group Limited was a Bermuda-based specialty insurance and reinsurance company established in 1984.
Celtic Life Insurance Company
Distributes and administers health insurance for small groups and individuals as well as offering managed health care coverage for small business.
Cerro Wire manufactures and distributes copper electrical building wires and cables for commercial, industrial, and residential use. The company serves commercial and residential builders and offers its products through electrical distributors and wholesalers, and representatives in North America. The company was founded in 1920 and is based in Hartselle, Alabama.
Colson Group is the market leader in the design, manufacture, and distribution of casters, wheels, and related hardware products. Products comprise a wide range of casters and wheels, including light duty, medium duty, heavy duty and super heavy duty used in industrial, commercial and institutional applications.
Conwood Tobacco
Conwood Tobacco is a developer, manufacturer and marketer of smokeless tobacco products, including moist snuff, loose leaf, dry snuff, plug and twist. Top-selling brands include Kodiak and Grizzly moist snuff and Levi Garrett loose leaf.
Financeit
Financeit is a free-to-use platform that makes it easy for businesses to offer powerful financing options to their customers from any device. The company provides financing solutions through a safe and secure platform that traditionally were only available to big box retailers. The Financeit brand is defined by its commitment to fairness, transparency and ease-of-use, with no hidden fees or backdated interest, and competitive interest rates. Since launching in 2011, Financeit has worked with over 6,000 home improvement, vehicle and retail businesses to process more than $1.5 billion in loans in Canada and the United States.
First Health provides PPO networks access and other cost containment programs to healthcare through third party administrators, insurance carriers, healthcare plans, and Taft-Hartley trusts in the United States and Puerto Rico. It also offers various cost containment programs to help employers to manage their employee benefit plans.
Fontaine Fifth Wheel Company
Fontaine through its subsidiaries, manufactures heavy duty tractor and trailer coupling devices and truck fenders, splash guards, and related truck parts. The Company was incorporated in 1985 and is headquartered in Birmingham, Alabama.
Galaxy Aerospace is a business jet manufacturer in the super mid-size and mid-size market. It builds the Astra mid-size twin turbofan business jet and the larger Galaxy.
Grand Victoria Casino
The Grand Victoria Casino Elgin is a riverboat casino in Elgin, Illinois. The previous investment in Grand Victoria Casino Resort which is a riverboat casino in Rising Sun, Indiana, has since been exited.
In June 2014, GreyCastle Holdings acquired XL Group’s Life Reinsurance operations for $570 million in cash. With $5.9 billion in assets, the acquired business is composed primarily of UK and Ireland pension annuities. GreyCastle is a Bermuda-based reinsurance business capitalized to a S&P AA level. The Company is organized and run by veteran insurance executive Raymond Brooks, and has a highly skilled, experienced, and growing team of over 30 professionals in Bermuda and London.
Through internal growth and a series of acquisitions, Hanover was one of the largest global operators of rental compression horsepower before merging with competitor Universal Compression in 2007 (since known as Exterran / ArchRock). Hanover Compressor provides compression equipment on a rental, contract compression, maintenance, and acquisition leaseback basis to oil & gas production, processing and transportation companies.
Hargray
Founded in 1949, Hargray is the premier broadband communications and entertainment provider to the Lowcountry region of South Carolina and a growing set of communities throughout Georgia. Over the last ten years, the company has invested over $250 million to create an industry leading communications network.
Intarcia Therapeutics is a rapidly emerging biopharmaceutical company committed to developing innovative therapies utilizing the Medici Drug Delivery System™ – medicines that have the potential to transform the prevention and management of serious chronic diseases. The Company’s near-term goal is to deliver a game-changing new level of glycemic control for a vast number of patients with type 2 diabetes with a longer-term goal of expanding its Medici Drug Delivery System.
Interline is one of the largest national distributors of facilities maintenance, repair and operations (MRO) products, including janitor & sanitation supplies, plumbing, HVAC, hardware & security, appliances & parts, electrical & lighting, and safety products.
Marmon is a multibillion-dollar complex of manufacturing and service businesses built over 50+ years accumulating to more than 125 independent companies that produce transportation equipment, electrical components, and other industrial components, and companies that provide services in the construction and retail sectors. The Company’s operating philosophy is patterned after the 80/20 process at Illinois Tool Works (ITW), from where Tom Pritzker had brought 80/20 pioneer John Nichols and Frank Ptak to run the Company. Operating in a highly decentralized structure, a small professional organization in Chicago – The Marmon Group LLC – provided strategic direction and administrative support to management but left companies with significant autonomy to run their businesses.
Marmon-Herrington provides drivetrain products for trucks and specialty vehicles, and custom solutions and services. The company was founded in 1931 and is based in Louisville, Kentucky.
Meyer Material manufactures and supplies ready mixed concrete and construction aggregates in the Chicago-Milwaukee metro area. Products include crushed stone, sand and gravel, recycled products, building materials, asphalt, liquid asphalt, paving and contracting, soil remediation, landscaping and construction supplies, and green building products. It also provides concrete placement services, including concrete pumping and conveying, and sale of construction-related building materials.
NAWAH Port Management
NAWAH Port Management (“NPM”) is an international port operator located at the historic Port of Basra in southern Iraq. Working hand in hand with strong, local Iraqi partners, NPM leverages its global expertise and contacts to help re-establish Iraq as a leader in global trade and commerce and the key gateway between Europe and Asia. The company operates in Basra’s commercial center and in closer proximity to Iraq's southern oil and gas fields than Iraq's other ports.
In 2017, Hutchison Ports, a leading Hong Kong-based port operator, agreed to partner with NPM to manage existing and future operations. Hutchison Ports will assume oversight of day-to-day commercial and operational activities at NPM, operating under the name Hutchison Ports Basra.
Northern Tier Energy
Northern Tier is a downstream energy company comprised of a 84kbpd refinery in St Paul Park, MN, along with several company owned and franchised retail stations / convenience stores.
Portfolio
Portfolio is a leading independent provider of finance and insurance products and services to automotive dealers across the country. The Company develops, sells and administers auto dealer extended warranty programs across a full-service product offering including vehicle service contracts, GAP insurance and ancillary products.
Reliant Pharmaceuticals engages in the sale and marketing of pharmaceutical products. The company markets pharmaceutical products principally to the primary care, cardiovascular, and specialist physicians.
Royal Caribbean Cruises
Royal Caribbean operates as a cruise company under the Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises brand names. The company also operates ships under the partner brands, such as TUI Cruises, Pullmantur, and SkySea Cruises. Royal Caribbean was founded in 1968 and is headquartered in Miami, Florida.
Spectacor Management Group is a worldwide venue management group that specializes in managing publicly owned facilities. SMG began their operation in 1977 with management of the Louisiana Superdome and have grown to one of the largest property management corporations in the world.
Southern Peru Copper
Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador.
Talcott Resolution is the U.S. life insurance and annuity business of The Hartford Financial Services Group, Inc. that was placed into run-off in 2012. Its primary blocks of business are variable annuities, fixed annuities, structured settlements and corporate owned life insurance. The Company is headquartered in Windsor, Connecticut.
Tallgrass Energy
Tallgrass Energy is a midstream energy operator with various transportation, storage, terminal, water management and processing assets.
Ticketmaster provides ticketing services for concerts, sports, arts, theatre, family, and other events. It also offers custom tickets for parties, concerts, graduation, raffles, sporting events, business events, and office parties and functions; and fan-to-fan resale services.
Triton Container is the world’s largest owner-lessor of marine intermodal cargo containers. Triton’s fleet is comprised of dry van, refrigerated, flat rack and open top equipment. The Company was founded in 1980.
Various healthcare and life sciences interests including Affymax, Affymetrix, Aradigm, Diametcis, Neopath, Vivus, Pharmanex, Scirex, Symyx Technologies, Technogen Associates, and US Arrhythmia.
Various lumber and farming interests
Various lumber and farming interests including Chicago Mill & Lumber Company, Timber Products Company and Michigan-California Lumber Co.
Various oil and gas interests
Various oil & gas interests including a domestic oil & gas reserve exploration and production joint venture with the Cockrell family in Houston, and investments in certain assets of Chesapeake Energy and in companies such Santa Fe Energy Resources, Monterey Resources, and Sequitur Energy Resources.
Webb Wheel Products
Webb Wheel Products engages in the design and manufacture of wheel equipment. It offers products through warehouse distributors, and OEM truck and trailer dealers in North America. The company was founded in 1946 and is based in Cullman, Alabama.
Wells Lamont offers gloves for men, women, and kids for a variety of uses. It offers its products through retailers, distributors, and stores in the United States. The company was founded in 1907 and is based in Niles, Illinois.
International insurance and reinsurance company offering worldwide property and casualty coverages as well as an investor in other insurance related businesses.
53 Stations is a Chicago-based venture capital firm supported by The Pritzker Organization (TPO). The firm invests in early-stage, tech-focused businesses across a range of industries, driven by their conviction in top-tier founders who couple vision with the discipline required to build enduring businesses. With a flexible mandate and access to TPO to invest across opportunities and timeframes, 53 Stations brings a unique structure and approach – one that allows them to invest with freedom and scale to build companies that last.
To learn more, visit 53stations.com
1st dedicated fund in Israel for all Deep Tech opportunities in all stages Investing in semiconductors, bio convergence, future robotics, advanced materials, photonics, quantum technologies, and other cool stuff...
Floating Point is a "concentrated and active" venture fund. Floating Point funds and builds companies in complex industries like healthcare and insurance by combining traditional assets with new technology.
Listen Ventures and Listen Up (opportunity fund anchored by TPO)
Venture capital firm that backs and builds the brands of tomorrow, focused on early stage consumer startups. Portfolio brands include Calm, Kiwi Co, Factor, Public Goods, Interior Define, Own Up and Slumberkins.
Terravet is an investment vehicle designed to acquire the underlying real estate supporting veterinary practices and hospitals. As pet ownership and spending increases in the U.S., veterinary service providers act as attractive tenants for investors. Terravet’s management team is uniquely positioned to source and manage these properties due to deep industry knowledge and expertise.