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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at

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Start-Up Firm Lands Investments From Chicago's Wealthiest

Mar 06, 2013
Jing Chen

A newly-launched hedge fund firm has already attracted investments from some of Chicago’s wealthiest families.

Chicago Business reported that BlueSpruce Investments received commitments from Susan Crown, a partner at investment management firm Henry Crown & Company, and Penny Pritzker, the CEO of PSP Capital Partners and Pritzker Realty Group.

Peter Thiel, co-founder of electronic payment services company PayPal Inc., also made an investment in BlueSpruce.

Launched last month by former Madiaon Dearborn Partners professionals Tim Hurd and Ed Magnus, BlueSpruce currently has about $300 million in assets. It has a targeted amount of $400 million.

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