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Chicago is one of the most expansive family office markets in the world, and Duchossois Capital Management are one of the most sophisticated. An interesting article in Bloomberg on the family's latest generational leadership transition and philanthropic activities. The Duchossois family were formerly the largest shareholder of the legendary Churchill Downs Incorporated, owner of the racetrack famous for hosting the #KentuckyDerby, but has been selling shares back to the company. Duchossois also has done business with private equity, selling Chamberlain Group to private equity giant Blackstone in a 2021 deal valuing the maker of garage-door openers at about $5 billion. They also have THE DUCHOSSOIS FAMILY FOUNDATION whose assets totaled about $158 million at the end of that year. The #foundation gave to a number of local #schools, #museums and #causes including the University of Chicago, the Field Museum, a Chicago #food bank and a network of Chicago-area after-school programs called After School Matters. Launched in 2013, Duchossois Capital Management has more than a dozen staff and invests in private equity, real estate and equities, and its CIO is a former Cambridge Associates executive. #chicago #familyoffices #institutionalinvestors #alternativeinvestments #privatemarkets #privatequity #sports #racing #churchilldowns #midwest #familybusiness #capitalmarkets #allocators #philanthropy #socialimpact #education

Dynasty Behind $5 Billion Blackstone Deal Revamps Family Office

Dynasty Behind $5 Billion Blackstone Deal Revamps Family Office

bloomberg.com

Bruce K Lee

Founder and CEO, Keebeck Wealth Management

3mo

And good family

Souvik Sen

Corporate & Retail Banking | Investment Management | Asset Management | SPAC / De-SPAC | Business Strategy | Private Equity | Corporate Structuring | Fund Administration | Startup Investing |

3mo

Interesting!

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