The Pritzkers built an empire spanning hotels to manufacturing before agreeing two decades ago to split up their fortune among 11 descendants.
Karen Pritzker, one of the heirs, has parlayed that wealth into venture capital, backing firms such as Snap and Spotify. Now she’s joined the wave of investors turning to blank-check firms, Bloomberg reports.
The Pritzker Vlock Family Office is the anchor investor for Thimble Point Acquisition, which raised almost $300 million in an initial public offering in February. Executives from the family office, named after Pritzker and her late husband Michael Vlock, are leading the venture, which will focus on software and technology.
“It allows us to be able to take companies public and kind of complete the full life cycle,” said Elon Boms, 40, Thimble Point’s CEO and managing director of the family office, which committed $50 million to the SPAC ahead of its IPO. Read more.
