Pritzker family office sets up SPAC

A top US family office has set up a SPAC (special purpose investment company), which plans to “target high-growth software and technology-enabled companies that are disrupting large and established industries and markets”, according to its registration filing with the US Securities and Exchange Commission. 

Thimble Point Acquisition Corporation filed an SEC registration last week, disclosing its anchor investor as LP SPAC 1, a limited liability company affiliated with the Pritzker Vlock Family Office, the investment office of Karen Pritzker and Michael Vlock, and its affiliate venture group, LaunchCapital. 

Thimble is based in the same New Haven, Connecticut office as Pritzker Vlock Family Office, and its senior management are all the C-suite managers of the SPAC. Elon Boms is the CEO and chairman of Thimble as well as being the managing director of Pritzker Vlock Family Office. 

Boms has extensive experience in the venture/private capital sector, having jointly co-founded with the family office, LaunchCapital in 2008, which has gone on to invest in more than  200 venture-based businesses.  

“The members of our management team are associated with the Pritzker Vlock Family Office, a multi-billion-dollar family office that invests in companies and their management teams with industry changing ideas, as well as LaunchCapital…,” said the SEC registration statement. 

“In these and other capacities, our management team’s decades of combined experience in the private and public markets has centred on selecting and supporting high-growth companies that use technology innovation as the core competitive advantage to win over the long-term in large established markets.”

Karen Pritzker is the daughter of Robert Pritzker, who along with his brothers Jay and Donald, diversified the family business into many other areas including the Hyatt hotel group and in the meantime helped to create one of America’s wealthiest family dynasties. 

Karen is a documentary film producer, investor, and philanthropist, according to her Wikipedia profile. Forbes estimates her wealth at $4.9 billion, making her the 345th wealthiest billionaire in the world.