PPC Partners announced a final close for PPC Fund II at its hard cap of $1.8 billion. A leader in the family direct investment market, PPC partners will continue its strategy of acquiring middle-market companies within the manufactured products, services and healthcare sectors. According to a press release, the fund launched in late 2017 and is their first investment vehicle that includes outside capital.
PPC Partners was formed by Pritzker Group Private Capital in the first quarter of 2018.
Kirkland & Ellis was legal counsel to the fund. Credit Suisse Securities served as exclusive placement agent.