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Venture capital in Illinois

75 venture firms are based in Illinois, from SEC filings and the fund index. Below them are Illinois’s other sources of capital, the LPs based here that report holding venture funds, and its SEC-registered family offices. How Illinois ranks for startup raises and new funds: its Venture Ecosystem Index page.

On this page: 75 venture firms 7 new funds 181 other sources of capital 68 LPs 6 family offices.

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Venture firms based in Illinois

2 firms in the Venture Capital Fund Index, by latest fund, then 73 advisers that report a venture fund on Form ADV, largest estimated venture assets first, from the Venture Adviser Directory. Each one’s page has its funds and, where an LP reports holding them, its LPs.

#FirmHeadquartersLatest fundFund sizeAUM
1ARCH Venture PartnersARCHChicagoUnited StatesARCH Venture Fund XIII2024 · more than US$3B · Source$3B—
2CMT DigitalChicagoUnited StatesCMT Digital Ventures Fund IV2024 · interim close · Source$66M—
#AdviserLocationVenture fundsPrivate fund assetsRegistered
1Balyasny Asset Management L.P.ChicagoIL1$278B≈$6.5B venture2006
2Cresset Asset Management, LLCChicagoIL43$6.7B≈$2B venture2017
3Cleveland Avenue Advisers, LLCChicagoIL7$1.4B2022
4Energize Capital LLCChicagoIL21$1.7B≈$1.4B venture2023
5Valor Equity PartnersValor Management LLCChicagoIL1$63.5B≈$1.2B venture2012
6Sandbox Industries213 Management, LLCChicagoIL5$856M2019
7LightbankLightbank Asset Management, LLCChicagoIL8$839M2022
87wire Management, L.P.ChicagoIL22$761M2017
9Moderne Capital, LPChicagoIL18$609M2017
10GSV Ventures Management, LLCChicagoIL15$582M2023
11Sandbox Holdings, LLCChicagoIL1$457M2013
12Jump CapitalJump Capital, LLCChicagoIL7$456M2016
13CMT Asset Management LLCChicagoIL14$425M2017
14Chicago Ventures Fund Management, LLCChicagoIL6$423M2022
15Hyde Park Venture PartnersHyde Park Venture Partners Management LLCChicagoIL9$396M2014
16Oca Ventures, LLCChicagoIL7$318M2026
17Peakline Partners, LLCChicagoIL6$1.6B≈$284M venture2020
18Omx Ventures, LLCLincolnshireIL2$253M2021
19Motivate Capital Management, LLC EmergingChicagoIL12$248M2024
20United Airlines Ventures Management LLC EmergingChicagoIL2$245M2023
21Volta Energy Technologies, LLC EmergingNapervilleIL13$244M2020
22Laramar Multi-Family Value Manager, LLCChicagoIL5$354M≈$221M venture2012
23Corazon Group LLCChicagoIL4$331M≈$221M venture2021
24MK Capital EmergingMK Capital CompanyNorthfieldIL1$211M2021
25Listen LLC EmergingChicagoIL5$207M2018
26Orbital Ventures Management, LLC EmergingChicagoIL4$203M2020
27Adams Street Partners, LLCChicagoIL1$60.6B≈$185M venture2000
28Serra Ventures, LLC EmergingChampaignIL7$166M2019
29Permanent Capital Ventures Management, LLC EmergingChicagoIL1$152M2024
30M25 EmergingM25 Group, LLCChicagoIL11$128M2019
31Sandbox Investment Management, LLC EmergingChicagoIL4$125M2012
32Starting Line EmergingThe Starting Line Management, LLCChicagoIL14$122M2021
33First Analysis Capital Management LLC EmergingChicagoIL5$186M≈$116M venture2012
34Trove Management, LLC EmergingChicagoIL3$116M2020
35R7 Partners EmergingR7 Partners Management, LLCChicagoIL10$113M2019
36Distributed Ventures EmergingDistributed Ventures, LLCChicagoIL2$111M2021
37Impact Engine EmergingImpact Engine Management, PBCChicagoIL4$154M≈$102M venture2023
38Energy Capital Ventures, Inc. EmergingChicagoIL2$101M2024
39Afo Limited EmergingAfo Limited, LLCChicagoIL1$100M2020
40Technexus LLC EmergingChicagoIL9$96M2025
41Second Century Ventures GP I, LLC EmergingChicagoIL1$93M2024
42A1 Management Co. LLC EmergingChicagoIL1$84M2023
43Cultivian Sandbox EmergingCultivian Sandbox Venture Management II LLCChicagoIL1$78M2018
44New Stack, LLC EmergingChicagoIL5$76M2021
45Method Capital LLC EmergingChicagoIL1$76M2016
46BVVC EmergingBVVC Management, LLCBurr RidgeIL2$71M2025
47Fairway Capital Management, LLC EmergingChicagoIL2$63M2021
48Lasalle Capital Management, LLC EmergingChicagoIL1$119M≈$59M venture2024
49Sisu Management LLC EmergingSt. BarringtonIL2$56M2025
5011 Tribes Ventures Emerging11 Tribes Ventures LLCGlen EllynIL3$55M2023
51Hyde Park Angels, Inc. EmergingDarienIL41$50M2022
52Bluestein Ventures Management LLC EmergingChicagoIL1$45M2022
53BVVC EmergingBVVC Capital, LLCBurr RidgeIL7$43M2026
54Barrel Ventures Management, LLC EmergingEvanstonIL6$41M2024
55Vestedworld EmergingVW Management Co., LLCChicagoIL10$40M2022
56Interstellar Capital Advisors LLC EmergingChicagoIL3$36M2022
57Decasonic EmergingIconic Growth Partners D/B/A DecasonicChicagoIL1$35M2022
58Bmo Family Office, LLCChicagoIL1$900M≈$35M venture1999
59Invivium Capital EmergingInvivium Capital Management, LLCChicagoIL1$34M2023
60Pace Healthcare Capital Management, LLC EmergingChicagoIL7$34M2025
61Innovation Fund Management LLC EmergingChicagoIL1$26M2025
62Grid Capital Management, LLC EmergingWinnetkaIL2$25M2026
63Arena Private Wealth EmergingOcm Private Wealth, LLCChicagoIL2$75M≈$21M venture2024
64Riverwalk Capital Partners, LLC EmergingChicagoIL1$16M2023
65Permanent Capital Management, LP EmergingChicagoIL1$48M≈$16M venture2023
66Rothschild Wealth LLC EmergingOakbrookIL2$15M2012
67Sprig Equity Management, LLC EmergingWilmetteIL1$55M≈$14M venture2024
68Cultivian Sandbox Venture Management, LLC EmergingChicagoIL1$13M2013
69BW Capital Partners EmergingBW Financial Services, LLCChicagoIL3$13M≈$5.7M venture2025
70Seamless Alts Advisory EmergingSeamless Alts Advisory LLCDowners GroveIL1$6M≈$3M venture2025
71BCF Venture Partners LLC EmergingChicagoIL1$1.5M2026
72Rothschild Investment EmergingRothschild Investment LLCChicagoIL1$1.5M1971
73Kruse Asset Management, LLC EmergingChicagoIL1$2.9M≈$1.5M venture2025

New funds raising from Illinois

7 venture funds managed from Illinois started raising in 2025 or later and filed a Form D since October 2025: managers with new money to invest. Amounts are as each fund’s latest Form D reports them, newest filing first.

FundManagerStartedRaised so farTargetLatest filing
Barrel Ventures III LPBarrel Ventures Management, LLC2026—$30MMay 15, 2026
Permanent Capital Ventures Fund II, LPPermanent Capital Ventures Management, LLC2026——April 23, 2026
Moderne Ventures Growth Fund I, L.P.Moderne Capital, LP2025$75M—April 8, 2026
Corazon Capital IV LPCorazon Group LLC2025$100M$100MMarch 31, 2026
Motivate Ventures AI Fund III, LPMotivate Capital Management, LLC2026——February 2, 2026
Motivate Ventures QP Fund III, LPMotivate Capital Management, LLC2026——February 2, 2026
7wire Ventures Fund III, L.P.7wire Management, L.P.2025$84M$300MOctober 15, 2025

Other sources of capital in Illinois

58 pension master trusts, 39 union pension plans, 28 SBA lenders, 16 SBICs, 15 community development lenders, 13 corporate pension plans, 6 placement agents, 3 angel groups, and 3 university venture funds. From public registers and what each organization publishes; see Capital Sources for every state.

SourceLocationOn the record
Central Illinois AngelsAngel groupPeoriaILPeoria-based angel group that has funded and mentored early-stage companies since 2009.
Hyde Park AngelsAngel groupChicagoILChicago early-stage investor that pairs venture capital with a member network of operators; its portfolio includes food, e-commerce logistics and software companies.
IrishAngelsAngel groupILNetwork of University of Notre Dame alumni investing at pre-seed and seed in US companies across fintech, digital health, B2B SaaS, consumer and other sectors.Checks: $250K–$350K
50 South Capital Advisors, LLCPlacement agentChicagoIL4 venture funds since 20214 since 2025 · median fund $1.5B
Allegro Securities LLCPlacement agentChicagoIL2 venture funds, 2016–2020None since 2021 · median fund $117M
Great Point CapitalPlacement agentChicagoIL1 venture fund since 20213 since 2017 · median fund $3.6M
Nuveen Securities, LLCPlacement agentChicagoIL1 venture fund since 20212 since 2019 · median fund $205M
Uhlmann Price Securities, LLCPlacement agentChicagoIL3 venture funds since 20213 since 2018 · median fund $3.7M
William Blair & Company, L.L.C.Placement agentChicagoIL2 venture funds since 20212 since 2024 · median fund $120M
George Shultz Innovation FundUniversity venture fundChicagoILPre-seed fund managed by the University of Chicago's Polsky Center; invests in science-based, deep-tech and AI ventures from the university.
Illinois VenturesUniversity venture fundILUniversity of Illinois venture firm, founded in 2000; invests at pre-seed, seed and Series A in companies with a University of Illinois connection.
N.XT FundUniversity venture fundEvanstonILNorthwestern University's fund for pre-seed and seed investments in ventures built on technology the university owns.
Abbott - Abbvie Multiple Employer Pension PlanCorporate pension planAbbott ParkILIn partnerships and joint ventures: $761MMultiple-employer defined-benefit pension plan of Abbott Laboratories, reporting $761.1M in partnership and joint venture interests at 2024-12-31.
Amsted Industries Incorporated Defined Benefit Pension PlanCorporate pension planChicagoILIn partnerships and joint ventures: $38MSingle-employer defined-benefit pension plan of Amsted Industries Incorporated, reporting $38.2M in partnership and joint venture interests at 2025-09-30.
CEFCU Retirement Income Plan and TrustCorporate pension planPeoriaILIn partnerships and joint ventures: $32MSingle-employer defined-benefit pension plan of Citizens Equity First Credit Union, reporting $32.2M in partnership and joint venture interests at 2024-12-31.
CNA Retirement PlanCorporate pension planChicagoILIn partnerships and joint ventures: $309MSingle-employer defined-benefit pension plan of Continental Casualty Company, reporting $308.6M in partnership and joint venture interests at 2024-12-31.
Group Retirement Income Plan No. 10Corporate pension planBloomingtonILIn partnerships and joint ventures: $214MSingle-employer defined-benefit pension plan of CC Services, Inc., reporting $213.5M in partnership and joint venture interests at 2024-12-31.
Group Retirement Income Plan No. 8Corporate pension planBloomingtonILIn partnerships and joint ventures: $170MSingle-employer defined-benefit pension plan of Growmark Inc., reporting $169.9M in partnership and joint venture interests at 2024-12-31.
Group Retirement Income Plan No.16Corporate pension planBloomingtonILIn partnerships and joint ventures: $226MMultiple-employer defined-benefit pension plan of Growmark Inc., reporting $226.1M in partnership and joint venture interests at 2024-12-31.
International Motors, LLC Salaried Employees Pension PlanCorporate pension planLisleILIn partnerships and joint ventures: $69MSingle-employer defined-benefit pension plan of International Motors, LLC, reporting $68.6M in partnership and joint venture interests at 2024-12-31.
Mayer Brown LLP U.S.A. Cash Balance Pension PlanCorporate pension planChicagoILIn partnerships and joint ventures: $39MSingle-employer defined-benefit pension plan of Mayer Brown LLP, reporting $38.6M in partnership and joint venture interests at 2024-12-31.
Metal Companies Multi-Employer Pension PlanCorporate pension planNorthbrookILIn partnerships and joint ventures: $70MMultiple-employer defined-benefit pension plan of Payroll & Insurance Group, Inc., reporting $70.2M in partnership and joint venture interests at 2024-12-31.
Modern Woodmen of America Employees' Retirement PlanCorporate pension planRock IslandILIn partnerships and joint ventures: $211MSingle-employer defined-benefit pension plan of Modern Woodmen of America, reporting $210.9M in partnership and joint venture interests at 2024-12-31.
Retirement Plan for Employees of Rehabilitation Institute of ChicagoCorporate pension planChicagoILIn partnerships and joint ventures: $95MSingle-employer defined-benefit pension plan reporting $94.7M in partnership and joint venture interests at 2025-08-31.
The Retirement Income Plan for Employees of UL LLCCorporate pension planNorthbrookILIn partnerships and joint ventures: $72MSingle-employer defined-benefit pension plan of UL LLC, reporting $72.4M in partnership and joint venture interests at 2024-12-31.
Aldine Capital Fund II, L.P.SBICChicagoILHybrid · Mezzanine$47M fund · vintage 2013 · not making new investments · listed twice by the SBA
Aldine Capital Fund III, LPSBICChicagoILPrivate Equity · Mezzanine$186M fund · vintage 2019 · not making new investments
Aldine Capital Fund IV, LPSBICChicagoILPrivate Equity · Mezzanine$170M fund · vintage 2022 · making new investments
Fidus Mezzanine Capital III, L.P.SBICEvanstonILPrivate Credit · Mezzanine$262M fund · vintage 2019 · not making new investments
Fidus Mezzanine Capital IV, L.P.SBICEvanstonILPrivate Credit · Mezzanine$88M fund · vintage 2024 · making new investments
Granite Creek FlexCap II, L.P.SBICChicagoILHybrid · Multiple$198M fund · vintage 2018 · not making new investments
Granite Creek FlexCap III, L.P.SBICChicagoILHybrid · Multiple$215M fund · vintage 2023 · making new investments
High Street Capital V SBIC, L.P.SBICChicagoILPrivate Equity · Buyout$148M fund · vintage 2018 · not making new investments
High Street Capital VI SBIC, L.P.SBICChicagoILPrivate Equity · Buyout$161M fund · vintage 2024 · making new investments
Invision Capital II, L.P.SBICChicagoILHybrid · Buyout$241M fund · vintage 2016 · not making new investments
Invision Capital III-A, L.P.SBICChicagoILHybrid · Buyout$242M fund · vintage 2022 · making new investments
Maranon Mezzanine Fund III-B, L.P.SBICChicagoILPrivate Credit · Mezzanine$169M fund · vintage 2018 · not making new investments
Midwest Mezzanine Fund V SBIC, L.P.SBICChicagoILPrivate Credit · Mezzanine$41M fund · vintage 2014 · not making new investments
Midwest Mezzanine Fund VI SBIC, L.P.SBICChicagoILPrivate Credit · Mezzanine$249M fund · vintage 2018 · not making new investments
Midwest Mezzanine Fund VII SBIC, L.P.SBICChicagoILPrivate Credit · Mezzanine$90M fund · vintage 2024 · making new investments
Svoboda Capital Fund IV (SBIC), L.P.SBICChicagoILGrowth Equity$38M fund · vintage 2017 · not making new investments
Administrative District Council 1 Pension FundUnion pension planElmhurstILIn partnerships and joint ventures: $27MMultiemployer (union) defined-benefit pension plan reporting $27.2M in partnership and joint venture interests at 2025-05-31.
Automobile Mechanics' Local No. 701 Pension FundUnion pension planBurr RidgeILIn partnerships and joint ventures: $138MMultiemployer (union) defined-benefit pension plan reporting $137.6M in partnership and joint venture interests at 2024-12-31.
Carpenters Pension Fund of IllinoisUnion pension planDowners GroveILIn partnerships and joint ventures: $787MMultiemployer (union) defined-benefit pension plan reporting $786.9M in partnership and joint venture interests at 2024-12-31.
Central Laborers' Pension FundUnion pension planJacksonvilleILIn partnerships and joint ventures: $200MMultiemployer (union) defined-benefit pension plan reporting $199.7M in partnership and joint venture interests at 2024-12-31.
Chicago & Vicinity Laborers' District Council Pension PlanUnion pension planWestchesterILIn partnerships and joint ventures: $1.3BMultiemployer (union) defined-benefit pension plan reporting $1.25B in partnership and joint venture interests at 2025-05-31.
Chicago Area Ib of T Pension Trust FundUnion pension planDowners GroveILIn partnerships and joint ventures: $43MMultiemployer (union) defined-benefit pension plan reporting $43.3M in partnership and joint venture interests at 2025-01-31.
Chicago Painters and Decorators Pension FundUnion pension planDarienILIn partnerships and joint ventures: $48MMultiemployer (union) defined-benefit pension plan reporting $47.7M in partnership and joint venture interests at 2025-03-31.
Chicago Tile Institute Pension FundUnion pension planElmhurstILIn partnerships and joint ventures: $27MMultiemployer (union) defined-benefit pension plan reporting $27.1M in partnership and joint venture interests at 2024-12-31.
Employers & Operating Engineers Local 520 Pension FundUnion pension planOfallonILIn partnerships and joint ventures: $39MMultiemployer (union) defined-benefit pension plan reporting $38.7M in partnership and joint venture interests at 2024-12-31.
Fox Valley & Vicinity Construction Workers Pension FundUnion pension planSchaumburgILIn partnerships and joint ventures: $55MMultiemployer (union) defined-benefit pension plan reporting $54.7M in partnership and joint venture interests at 2025-05-31.
IBEW Local 701 Pension FundUnion pension planWarrenvilleILIn partnerships and joint ventures: $88MMultiemployer (union) defined-benefit pension plan reporting $87.8M in partnership and joint venture interests at 2025-05-31.
IBEW Local No. 117 Pension FundUnion pension planCrystal LakeILIn partnerships and joint ventures: $40MMultiemployer (union) defined-benefit pension plan reporting $39.8M in partnership and joint venture interests at 2024-12-31.
International Assoc of Heat and Frost Insulators Local 17 Pension FundUnion pension planTinley ParkILIn partnerships and joint ventures: $27MMultiemployer (union) defined-benefit pension plan reporting $27.2M in partnership and joint venture interests at 2024-12-31.
International Brotherhood of Teamsters Union Local 710 Pension FundUnion pension planMokenaILIn partnerships and joint ventures: $821MMultiemployer (union) defined-benefit pension plan reporting $821.3M in partnership and joint venture interests at 2025-01-31.
Iron Workers Mid-South Pension FundUnion pension planOak BrookILIn partnerships and joint ventures: $37MMultiemployer (union) defined-benefit pension plan reporting $37.4M in partnership and joint venture interests at 2025-11-30.
Iron Workers' Mid-America Pension PlanUnion pension planLansingILIn partnerships and joint ventures: $110MMultiemployer (union) defined-benefit pension plan reporting $109.9M in partnership and joint venture interests at 2024-12-31.
Ironworkers National Pension PlanUnion pension planOakbrookILIn partnerships and joint ventures: $67MMultiemployer (union) defined-benefit pension plan reporting $67.4M in partnership and joint venture interests at 2025-06-30.
Local 703, I.B of T., Grocery & Food Employees' Pension PlanUnion pension planOak BrookILIn partnerships and joint ventures: $38MMultiemployer (union) defined-benefit pension plan reporting $37.8M in partnership and joint venture interests at 2025-10-31.
Local 705 Int'l Brotherhood of Teamsters Pension TR. FD.Union pension planChicagoILIn partnerships and joint ventures: $458MMultiemployer (union) defined-benefit pension plan reporting $457.6M in partnership and joint venture interests at 2024-12-31.
Local No. 1 Pension Trust FundUnion pension planDowners GroveILIn partnerships and joint ventures: $64MMultiemployer (union) defined-benefit pension plan reporting $63.9M in partnership and joint venture interests at 2025-06-30.
Local No. 731, I.B. of T., Pension FundUnion pension planBurr RidgeILIn partnerships and joint ventures: $236MMultiemployer (union) defined-benefit pension plan reporting $235.9M in partnership and joint venture interests at 2025-09-30.
Local Union 786 Building Material Pension FundUnion pension planChicagoILIn partnerships and joint ventures: $117MMultiemployer (union) defined-benefit pension plan reporting $117.3M in partnership and joint venture interests at 2025-08-31.
Local Union No. 9 I.B.E.W. and Outside Contractors Pension FundUnion pension planTinley ParkILIn partnerships and joint ventures: $168MMultiemployer (union) defined-benefit pension plan reporting $167.6M in partnership and joint venture interests at 2025-10-31.
Mid-America Carpenters Regional Council Pension FundUnion pension planChicagoILIn partnerships and joint ventures: $1.3BMultiemployer (union) defined-benefit pension plan reporting $1.31B in partnership and joint venture interests at 2025-06-30.
Midwest Operating Engineers Pension Trust FundUnion pension planCountrysideILIn partnerships and joint ventures: $729MMultiemployer (union) defined-benefit pension plan reporting $728.8M in partnership and joint venture interests at 2025-03-31.
Neca-Ibew Pension Trust FundUnion pension planDecaturILIn partnerships and joint ventures: $208MMultiemployer (union) defined-benefit pension plan reporting $208.5M in partnership and joint venture interests at 2025-05-31.
Pension Fund of Cement Masons Union Local No. 502Union pension planBellwoodILIn partnerships and joint ventures: $90MMultiemployer (union) defined-benefit pension plan reporting $90.2M in partnership and joint venture interests at 2024-12-31.
Pipe Fitters Retirement Fund, Local 597Union pension planChicagoILIn partnerships and joint ventures: $245MMultiemployer (union) defined-benefit pension plan reporting $244.6M in partnership and joint venture interests at 2024-12-31.
Plumbers' Pension Fund, Local 130, U.A.Union pension planChicagoILIn partnerships and joint ventures: $227MMultiemployer (union) defined-benefit pension plan reporting $227.3M in partnership and joint venture interests at 2025-05-31.
Roofers Pension FundUnion pension planOak BrookILIn partnerships and joint ventures: $98MMultiemployer (union) defined-benefit pension plan reporting $97.6M in partnership and joint venture interests at 2024-12-31.
SEIU Local 1 & Participating Employers Pension TrustUnion pension planChicagoILIn partnerships and joint ventures: $68MMultiemployer (union) defined-benefit pension plan reporting $67.7M in partnership and joint venture interests at 2025-09-30.
Smart Local 265 Pension FundUnion pension planDowners GroveILIn partnerships and joint ventures: $69MMultiemployer (union) defined-benefit pension plan reporting $68.9M in partnership and joint venture interests at 2025-06-30.
Structural Iw Local #1 Pension PlanUnion pension planForest ParkILIn partnerships and joint ventures: $56MMultiemployer (union) defined-benefit pension plan reporting $55.7M in partnership and joint venture interests at 2024-12-31.
Teamsters Local Union No. 727 Pension PlanUnion pension planPark RidgeILIn partnerships and joint ventures: $49MMultiemployer (union) defined-benefit pension plan reporting $49.1M in partnership and joint venture interests at 2025-02-28.
Tuckpointer Local 52 Pension PlanUnion pension planElmhurstILIn partnerships and joint ventures: $136MMultiemployer (union) defined-benefit pension plan reporting $136.1M in partnership and joint venture interests at 2025-04-30.
UFCW International Union-Industry Variable Annuity Pension PlanUnion pension planOak BrookILIn partnerships and joint ventures: $65MMultiemployer (union) defined-benefit pension plan reporting $64.7M in partnership and joint venture interests at 2025-06-30.
United Food & Commercial Workers Intl Union - Industry Pension FundUnion pension planOak BrookILIn partnerships and joint ventures: $735MMultiemployer (union) defined-benefit pension plan reporting $735.4M in partnership and joint venture interests at 2025-06-30.
United Food and Commercial Workers Local 1546 Pension PlanUnion pension planChicagoILIn partnerships and joint ventures: $28MMultiemployer (union) defined-benefit pension plan reporting $28.5M in partnership and joint venture interests at 2025-08-31.
United Food and Commercial Workers Unions & Employers Midwest Pension FundUnion pension planDowners GroveILIn partnerships and joint ventures: $118MMultiemployer (union) defined-benefit pension plan reporting $118.4M in partnership and joint venture interests at 2025-11-30.
Abbott Laboratories Annuity Retirement TrustPension master trustAbbott ParkILIn partnerships and joint ventures: $2.5BMaster trust investment account of Abbott Laboratories, reporting $2.48B in partnership and joint venture interests at 2024-12-31.
Abbvie Pension Plan TrustPension master trustNorth ChicagoILIn partnerships and joint ventures: $113MMaster trust investment account of Abbvie Inc., reporting $113.3M in partnership and joint venture interests at 2024-12-31.
Adams Street 2011 Emerging Markets Fund LPPension master trustChicagoILIn partnerships and joint ventures: $89M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $89.3M in partnership and joint venture interests at 2024-12-31.
Adams Street 2011 Non-Us Developed Markets Fund LPPension master trustChicagoILIn partnerships and joint ventures: $146M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $145.6M in partnership and joint venture interests at 2024-12-31.
Adams Street 2011 US Fund LPPension master trustChicagoILIn partnerships and joint ventures: $270M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $269.8M in partnership and joint venture interests at 2024-12-31.
Adams Street 2012 Developed Markets Fund LPPension master trustChicagoILIn partnerships and joint ventures: $176M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $176.2M in partnership and joint venture interests at 2024-12-31.
Adams Street 2012 Emerging Markets Fund LPPension master trustChicagoILIn partnerships and joint ventures: $104M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $104.4M in partnership and joint venture interests at 2024-12-31.
Adams Street 2012 Global Fund LPPension master trustChicagoILIn partnerships and joint ventures: $44M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $44.0M in partnership and joint venture interests at 2024-12-31.
Adams Street 2012 US Fund LPPension master trustChicagoILIn partnerships and joint ventures: $440M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $440.5M in partnership and joint venture interests at 2024-12-31.
Adams Street 2013 Developed Markets Fund LPPension master trustChicagoILIn partnerships and joint ventures: $146M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $146.1M in partnership and joint venture interests at 2024-12-31.
Adams Street 2013 Emerging Markets Fund LPPension master trustChicagoILIn partnerships and joint ventures: $122M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $121.8M in partnership and joint venture interests at 2024-12-31.
Adams Street 2013 US Fund LPPension master trustChicagoILIn partnerships and joint ventures: $380M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $380.2M in partnership and joint venture interests at 2024-12-31.
Adams Street 2014 Developed Markets Fund LPPension master trustChicagoILIn partnerships and joint ventures: $230M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $230.4M in partnership and joint venture interests at 2024-12-31.
Adams Street 2014 Emerging Markets Fund LPPension master trustChicagoILIn partnerships and joint ventures: $144M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $144.4M in partnership and joint venture interests at 2024-12-31.
Adams Street 2014 Global Fund LPPension master trustChicagoILIn partnerships and joint ventures: $37M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $37.3M in partnership and joint venture interests at 2024-12-31.
Adams Street 2014 US Fund LPPension master trustChicagoILIn partnerships and joint ventures: $471M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $471.3M in partnership and joint venture interests at 2024-12-31.
Adams Street 2015 Global Fund LPPension master trustChicagoILIn partnerships and joint ventures: $31M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $31.5M in partnership and joint venture interests at 2024-12-31.
Adams Street 2015 Non-Us Fund LPPension master trustChicagoILIn partnerships and joint ventures: $323M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $323.0M in partnership and joint venture interests at 2024-12-31.
Adams Street 2015 US Fund LPPension master trustChicagoILIn partnerships and joint ventures: $460M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $459.5M in partnership and joint venture interests at 2024-12-31.
Adams Street 2016 Global Fund LPPension master trustChicagoILIn partnerships and joint ventures: $50M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $50.3M in partnership and joint venture interests at 2024-12-31.
Adams Street 2016 Non-Us Fund LPPension master trustChicagoILIn partnerships and joint ventures: $288M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $288.1M in partnership and joint venture interests at 2024-12-31.
Adams Street 2016 US Fund LPPension master trustChicagoILIn partnerships and joint ventures: $477M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $476.8M in partnership and joint venture interests at 2024-12-31.
Adams Street 2017 Global Fund LPPension master trustChicagoILIn partnerships and joint ventures: $43M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $43.0M in partnership and joint venture interests at 2024-12-31.
Adams Street 2017 Non-Us Fund LPPension master trustChicagoILIn partnerships and joint ventures: $277M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $276.7M in partnership and joint venture interests at 2024-12-31.
Adams Street 2017 US Fund LPPension master trustChicagoILIn partnerships and joint ventures: $508M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $507.9M in partnership and joint venture interests at 2024-12-31.
Adams Street 2019 Global Fund LPPension master trustChicagoILIn partnerships and joint ventures: $76M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $76.1M in partnership and joint venture interests at 2024-12-31.
Adams Street 2019 Non-Us Fund LPPension master trustChicagoILIn partnerships and joint ventures: $251M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $251.0M in partnership and joint venture interests at 2024-12-31.
Adams Street 2019 US Fund LPPension master trustChicagoILIn partnerships and joint ventures: $479M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $479.1M in partnership and joint venture interests at 2024-12-31.
Adams Street 2020 Global Fund LPPension master trustChicagoILIn partnerships and joint ventures: $72M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $71.7M in partnership and joint venture interests at 2024-12-31.
Adams Street 2020 Non-Us Fund LPPension master trustChicagoILIn partnerships and joint ventures: $239M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $238.9M in partnership and joint venture interests at 2024-12-31.
Adams Street 2020 US Fund LPPension master trustChicagoILIn partnerships and joint ventures: $435M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $435.0M in partnership and joint venture interests at 2024-12-31.
Adams Street 32BJ Fund LPPension master trustChicagoILIn partnerships and joint ventures: $40M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $40.1M in partnership and joint venture interests at 2024-12-31.
Adams Street Global Opportunities Secondary Fund II, LPPension master trustChicagoILIn partnerships and joint ventures: $26M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $25.5M in partnership and joint venture interests at 2024-12-31.
Adams Street Global Secondary Fund 5 LPPension master trustChicagoILIn partnerships and joint ventures: $214M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $214.0M in partnership and joint venture interests at 2024-12-31.
Adams Street Global Secondary Fund 6 LPPension master trustChicagoILIn partnerships and joint ventures: $729M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $729.3M in partnership and joint venture interests at 2024-12-31.
Adams Street Partnership Fund - 2009 Non-U.S. Developed Markets Fund, L.P.Pension master trustChicagoILIn partnerships and joint ventures: $80M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $79.7M in partnership and joint venture interests at 2024-12-31.
Adams Street Partnership Fund - 2009 Non-U.S. Emerging Markets Fund, L.P.Pension master trustChicagoILIn partnerships and joint ventures: $95M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $94.5M in partnership and joint venture interests at 2024-12-31.
Adams Street Partnership Fund - 2009 U.S. Fund, L.P.Pension master trustChicagoILIn partnerships and joint ventures: $217M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $216.8M in partnership and joint venture interests at 2024-12-31.
Adams Street Partnership Fund - 2010 Non-U.S. Developed Markets Fund, L.P.Pension master trustChicagoILIn partnerships and joint ventures: $113M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $112.9M in partnership and joint venture interests at 2024-12-31.
Adams Street Partnership Fund - 2010 Non-U.S. Emerging Markets Fund, L.P.Pension master trustChicagoILIn partnerships and joint ventures: $78M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $78.3M in partnership and joint venture interests at 2024-12-31.
Adams Street Partnership Fund - 2010 U.S. Fund, L.P.Pension master trustChicagoILIn partnerships and joint ventures: $276M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $275.9M in partnership and joint venture interests at 2024-12-31.
Adams Street RSP II LPPension master trustChicagoILIn partnerships and joint ventures: $433M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $432.5M in partnership and joint venture interests at 2024-12-31.
Adams Street RSP LPPension master trustChicagoILIn partnerships and joint ventures: $653M103-12 investment entity (a pooled vehicle holding plan assets) of Adams Street Partners, LLC, reporting $652.6M in partnership and joint venture interests at 2024-12-31.
Baxter International Inc. and Subsidiaries Pension Master TrustPension master trustDeerfieldILIn partnerships and joint ventures: $197MMaster trust investment account of Baxter International Inc., reporting $196.6M in partnership and joint venture interests at 2024-12-31.
Conagra Foods Master Pension TrustPension master trustChicagoILIn partnerships and joint ventures: $132MMaster trust investment account of Conagra Brands, Inc., reporting $131.7M in partnership and joint venture interests at 2024-12-31.
Deere Pension Trust (Master Trust)Pension master trustMolineILIn partnerships and joint ventures: $3.3BMaster trust investment account of Deere & Company, reporting $3.30B in partnership and joint venture interests at 2025-10-31.
Electrical Contractors Association and Local Union 134 IBEW Joint Pension Trust of ChicagoPension master trustAlsipILIn partnerships and joint ventures: $463MMaster trust investment account of BD of Ttees of Electrical Contractors Assn & Local 134 IBEW JT Pen TST, reporting $463.0M in partnership and joint venture interests at 2025-06-30.
Exelon Corp Pension Master Trust - Legacy Real EstatePension master trustChicagoILIn partnerships and joint ventures: $89MMaster trust investment account of Exelon Corporation, reporting $89.4M in partnership and joint venture interests at 2024-12-31.
Exelon Corp Pension Master Trust - Private Equity 2016Pension master trustChicagoILIn partnerships and joint ventures: $940MMaster trust investment account of Exelon Corporation, reporting $940.0M in partnership and joint venture interests at 2024-12-31.
Exelon Corp Pension Master Trust - Real Estate 2016Pension master trustChicagoILIn partnerships and joint ventures: $505MMaster trust investment account of Exelon Corporation, reporting $505.5M in partnership and joint venture interests at 2024-12-31.
Exelon Corp Pension Master Trust- EquityPension master trustChicagoILIn partnerships and joint ventures: $29MMaster trust investment account of Exelon Corporation, reporting $28.7M in partnership and joint venture interests at 2024-12-31.
Exelon Corp Pension Master Trust- Pe MasterPension master trustChicagoILIn partnerships and joint ventures: $250MMaster trust investment account of Exelon Corporation, reporting $250.1M in partnership and joint venture interests at 2024-12-31.
Kellanova Pension Master TrustPension master trustChicagoILIn partnerships and joint ventures: $192MMaster trust investment account reporting $191.6M in partnership and joint venture interests at 2024-12-31.
Motorola Solutions Retirement TrustPension master trustChicagoILIn partnerships and joint ventures: $282MMaster trust investment account of Motorola Solutions, Inc., reporting $281.7M in partnership and joint venture interests at 2024-12-31.
Navistar, Inc. Hourly Employees Pension Plan Master TrustPension master trustLisleILIn partnerships and joint ventures: $74MMaster trust investment account of International Motors, LLC, reporting $73.8M in partnership and joint venture interests at 2024-12-31.
Northwestern Memorial Hospital Employees' Pension TrustPension master trustChicagoILIn partnerships and joint ventures: $27MMaster trust investment account of Northwestern Memorial Hospital, reporting $27.0M in partnership and joint venture interests at 2024-12-31.
Pactiv General Employee Benefit TrustPension master trustLake ForestILIn partnerships and joint ventures: $39MMaster trust investment account of Pactiv LLC, reporting $38.6M in partnership and joint venture interests at 2024-12-31.
Sidley Austin Master Pension TrustPension master trustChicagoILIn partnerships and joint ventures: $403MMaster trust investment account of Sidley Austin LLP, reporting $403.2M in partnership and joint venture interests at 2024-12-31.
Allies for Community Business, Inc.Community development lenderChicagoILCommunity development loan fund in Chicago, IL, certified by the US Treasury’s CDFI Fund.
Bridge Investment Community Development CorporationCommunity development lenderRock IslandILCommunity development loan fund in Rock Island, IL, certified by the US Treasury’s CDFI Fund.
C3 Impact Fund, LLCCommunity development lenderChicagoILCommunity development venture capital fund in Chicago, IL, certified by the US Treasury’s CDFI Fund.
Charter School Finance and Development IncCommunity development lenderSchaumburgILCommunity development loan fund in Schaumburg, IL, certified by the US Treasury’s CDFI Fund.
Chicago Community Loan Fund, TheCommunity development lenderChicagoILCommunity development loan fund in Chicago, IL, certified by the US Treasury’s CDFI Fund.
Cinnaire Lending CorporationCommunity development lenderChicagoILCommunity development loan fund in Chicago, IL, certified by the US Treasury’s CDFI Fund.
Community Investment CorporationCommunity development lenderChicagoILCommunity development loan fund in Chicago, IL, certified by the US Treasury’s CDFI Fund.
First Eagle BankCommunity development lenderChicagoILCommunity development bank or thrift in Chicago, IL, certified by the US Treasury’s CDFI Fund.
Greenwood Archer Capital, Inc.Community development lenderChicagoILCommunity development loan fund in Chicago, IL, certified by the US Treasury’s CDFI Fund.
IFFCommunity development lenderChicagoILCommunity development loan fund in Chicago, IL, certified by the US Treasury’s CDFI Fund.
International Bank of ChicagoCommunity development lenderChicagoILCommunity development bank or thrift in Chicago, IL, certified by the US Treasury’s CDFI Fund.
National Community Investment FundCommunity development lenderChicagoILCommunity development venture capital fund in Chicago, IL, certified by the US Treasury’s CDFI Fund.
Neighborhood Lending Services, Inc.Community development lenderChicagoILCommunity development loan fund in Chicago, IL, certified by the US Treasury’s CDFI Fund.
Rockford Community Investment FundCommunity development lenderRockfordILCommunity development loan fund in Rockford, IL, certified by the US Treasury’s CDFI Fund.
TRP Lending, LLCCommunity development lenderChicagoILCommunity development loan fund in Chicago, IL, certified by the US Treasury’s CDFI Fund.
Bank of SpringfieldSBA lenderSpringfieldIL7(a) loans approved, fiscal year 2026: $4.6MSBA 7(a) lender in Springfield, IL: 24 loans approved for $4.6 million in fiscal year 2026.
Beverly Bank & Trust Company, National AssociationSBA lenderChicagoIL7(a) loans approved, fiscal year 2026: $4.1MSBA 7(a) lender in Chicago, IL: 6 loans approved for $4.1 million in fiscal year 2026.
BMO Bank National AssociationSBA lenderChicagoIL7(a) loans approved, fiscal year 2026: $23MSBA 7(a) lender in Chicago, IL: 17 loans approved for $23.1 million in fiscal year 2026.
Busey BankSBA lenderChampaignIL7(a) loans approved, fiscal year 2026: $53MSBA 7(a) lender in Champaign, IL: 51 loans approved for $53.3 million in fiscal year 2026.
Byline BankSBA lenderChicagoIL7(a) loans approved, fiscal year 2026: $581MSBA 7(a) lender in Chicago, IL: 427 loans approved for $580.6 million in fiscal year 2026.
CenTrust Bank, A Division of SmartBiz Bank National AssociationSBA lenderNorthbrookIL7(a) loans approved, fiscal year 2026: $197MSBA 7(a) lender in Northbrook, IL: 974 loans approved for $196.7 million in fiscal year 2026.
CIBC Bank USASBA lenderChicagoIL7(a) loans approved, fiscal year 2026: $34MSBA 7(a) lender in Chicago, IL: 31 loans approved for $34.1 million in fiscal year 2026.
CIBM BankSBA lenderChampaignIL7(a) loans approved, fiscal year 2026: $4.6MSBA 7(a) lender in Champaign, IL: 11 loans approved for $4.6 million in fiscal year 2026.
Farmers State Bank of Alto Pass, IllinoisSBA lenderAlto PassIL7(a) loans approved, fiscal year 2026: $10MSBA 7(a) lender in Alto Pass, IL: 4 loans approved for $10.0 million in fiscal year 2026.
First American BankSBA lenderElk Grove VillageIL7(a) loans approved, fiscal year 2026: $24MSBA 7(a) lender in Elk Grove Village, IL: 24 loans approved for $24.2 million in fiscal year 2026.
First Mid Bank & Trust, National AssociationSBA lenderMattoonIL7(a) loans approved, fiscal year 2026: $6.6MSBA 7(a) lender in Mattoon, IL: 14 loans approved for $6.6 million in fiscal year 2026.
First Security BankSBA lenderMackinawIL7(a) loans approved, fiscal year 2026: $8.2MSBA 7(a) lender in Mackinaw, IL: 4 loans approved for $8.2 million in fiscal year 2026.
Fortress BankSBA lenderPeoriaIL7(a) loans approved, fiscal year 2026: $4.2MSBA 7(a) lender in Peoria, IL: 9 loans approved for $4.2 million in fiscal year 2026.
FWBankSBA lenderChicagoIL7(a) loans approved, fiscal year 2026: $84MSBA 7(a) lender in Chicago, IL: 62 loans approved for $84.1 million in fiscal year 2026.
Hinsdale Bank & Trust Company, National AssociationSBA lenderHinsdaleIL7(a) loans approved, fiscal year 2026: $14MSBA 7(a) lender in Hinsdale, IL: 17 loans approved for $13.7 million in fiscal year 2026.
Lake Forest Bank & Trust Company, National AssociationSBA lenderLake ForestIL7(a) loans approved, fiscal year 2026: $18MSBA 7(a) lender in Lake Forest, IL: 24 loans approved for $17.6 million in fiscal year 2026.
Libertyville Bank & Trust Company, National AssociationSBA lenderLibertyvilleIL7(a) loans approved, fiscal year 2026: $6.8MSBA 7(a) lender in Libertyville, IL: 10 loans approved for $6.8 million in fiscal year 2026.
Midland States BankSBA lenderEffinghamIL7(a) loans approved, fiscal year 2026: $19MSBA 7(a) lender in Effingham, IL: 26 loans approved for $18.7 million in fiscal year 2026.
Millennium BankSBA lenderDes PlainesIL7(a) loans approved, fiscal year 2026: $12MSBA 7(a) lender in Des Plaines, IL: 7 loans approved for $12.3 million in fiscal year 2026.
Pan American Bank & TrustSBA lenderMelrose ParkIL7(a) loans approved, fiscal year 2026: $11MSBA 7(a) lender in Melrose Park, IL: 12 loans approved for $11.4 million in fiscal year 2026.
Peoples National Bank National AssociationSBA lenderMcleansboroIL7(a) loans approved, fiscal year 2026: $11MSBA 7(a) lender in Mcleansboro, IL: 11 loans approved for $10.8 million in fiscal year 2026.
Schaumburg Bank & Trust Company, National AssociationSBA lenderSchaumburgIL7(a) loans approved, fiscal year 2026: $8.3MSBA 7(a) lender in Schaumburg, IL: 10 loans approved for $8.3 million in fiscal year 2026.
Servbank National AssociationSBA lenderOswegoIL7(a) loans approved, fiscal year 2026: $25MSBA 7(a) lender in Oswego, IL: 27 loans approved for $24.5 million in fiscal year 2026.
St. Charles Bank & Trust Company, National AssociationSBA lenderSaint CharlesIL7(a) loans approved, fiscal year 2026: $21MSBA 7(a) lender in Saint Charles, IL: 28 loans approved for $21.1 million in fiscal year 2026.
Union National BankSBA lenderElginIL7(a) loans approved, fiscal year 2026: $5.7MSBA 7(a) lender in Elgin, IL: 12 loans approved for $5.7 million in fiscal year 2026.
Village Bank and Trust, National AssociationSBA lenderArlington HeightsIL7(a) loans approved, fiscal year 2026: $23MSBA 7(a) lender in Arlington Heights, IL: 30 loans approved for $23.4 million in fiscal year 2026.
Wheaton Bank & Trust Company, National AssociationSBA lenderWheatonIL7(a) loans approved, fiscal year 2026: $4.9MSBA 7(a) lender in Wheaton, IL: 12 loans approved for $4.9 million in fiscal year 2026.
Wintrust Bank National AssociationSBA lenderChicagoIL7(a) loans approved, fiscal year 2026: $15MSBA 7(a) lender in Chicago, IL: 17 loans approved for $14.8 million in fiscal year 2026.

LPs based in Illinois

Foundations, pension plans, and other LPs here that report the venture funds they hold, by the number they hold. Local LPs often back local managers.

#LPLocationVenture fundsIn venture fundsTotal assets
1John D and Catherine T Macarthur FoundationPrivate foundation · as of December 31, 2024ChicagoIL1293 new$959M$9.3B
2Pritzker Traubert FoundationPrivate foundation · as of December 31, 2024ChicagoIL31$56M$421M
3Adams Street Private Equity Navigator Fund LLCRegistered fund · as of June 30, 2026ChicagoIL30$29M$684M
4Adams Street Venture & Growth FundRegistered fund · as of June 30, 2026ChicagoIL29$135M$358M
5Pritzker FoundationPrivate foundation · as of December 31, 2024ChicagoIL26$92M$718M
6Circle of Service FoundationPrivate foundation · as of December 31, 2024ChicagoIL203 new$61M$592M
7Flowstone Opportunity FundRegistered fund · as of June 30, 2026ChicagoIL18$85M$711M
8Sunshine Charitable FoundationPrivate foundation · as of June 30, 2025LibertyvilleIL12$17M$92M
9Fairway Private Equity & Venture Capital Opportunities FundRegistered fund · as of June 30, 2026ChicagoIL10$14M$27M
10Idp Foundation IncPrivate foundation · as of December 31, 2024ChicagoIL7$4.3M$53M
11Eleven Eleven FoundationPrivate foundation · as of December 31, 2024Highland ParkIL6$33M$610M
12Andersen-Formolo Family FoundationPrivate foundation · as of December 31, 2024ChicagoIL6$770K$15M
13Gaylord and Dorothy Donnelley FoundationPrivate foundation · as of December 31, 2024ChicagoIL5$19M$194M
14Healthy Communities FoundationPrivate foundation · as of December 31, 2024RiversideIL51 new$7M$117M
15Klaff Family FoundationPrivate foundation · as of December 31, 2024ChicagoIL51 new$2.1M$296M
16Kehe Cares Foundation IncPrivate foundation · as of December 31, 2024NapervilleIL5$1.5M$15M
17The Osa FoundationPrivate foundation · as of December 31, 2024LincolnshireIL4$344K$11M
18Ernest Wentcher Educational FundPrivate foundation · as of June 30, 2025ChicagoIL31 new$11M$79M
19The Duchossois Family FoundationPrivate foundation · as of December 31, 2024ChicagoIL3$9.9M$193M
20Hunter Family FoundationPrivate foundation · as of December 31, 2024ChicagoIL3$7.7M$428M
21Caerus Foundation IncPrivate foundation · as of December 31, 2024NorthbrookIL31 new$2.3M$252M
22Harold M & Adeline S Morrison Family FoundationPrivate foundation · as of December 31, 2024ChicagoIL31 new$1.9M$38M
23Hull Family FoundationPrivate foundation · as of December 31, 2023ChicagoIL3$1.5M$22M
24Mid-America Carpenters Regional Council Pension FundUnion pension plan · as of June 30, 2025ChicagoIL2$64M$6.4B
25William G Mcgowan Charitable FundPrivate foundation · as of June 30, 2025ChicagoIL2$5.8M$229M
26Scanlan Family FoundationPrivate foundation · as of December 31, 2024ChicagoIL2$3M$131M
27John and Kathleen Schreiber Foundation D/B/A Schreiber PhilanthropyPrivate foundation · as of December 31, 2024Lake ForestIL2$2.8M$375M
28Mazza FoundationPrivate foundation · as of November 30, 2025ChicagoIL2$2.6M$50M
29Bobolink FoundationPrivate foundation · as of December 31, 2024ChicagoIL21 new$2.2M$345M
30D and R Charitable FundPrivate foundation · as of December 31, 2024Oak LawnIL2$2M$31M
31Julian Grace FoundationPrivate foundation · as of December 31, 2024Highland ParkIL2$1.4M$87M
32Alphawood FoundationPrivate foundation · as of February 28, 2025ChicagoIL2$1.1M$60M
33Lost Pond FoundationPrivate foundation · as of December 31, 2025HinsdaleIL21 new$733K$50M
34Finnegan Family FoundationPrivate foundation · as of December 31, 2024ChicagoIL21 new$579K$84M
35Matthew Zell Family FoundationPrivate foundation · as of December 31, 2024ChicagoIL2$415K$50M
36Zarpet Family FoundationPrivate foundation · as of December 31, 2024ChicagoIL2$373K$48M
37Thomas M and Mary M Owens FoundationPrivate foundation · as of December 31, 2024Palos HeightsIL2$309K$18M
38The Robert Mccormack Family CharitablePrivate foundation · as of December 31, 2024ChicagoIL2$292K$17M
39The Lumpkin Family FoundationPrivate foundation · as of December 31, 2024MattoonIL2$289K$56M
40Dan J Epstein Family FoundationPrivate foundation · as of December 31, 2024ChicagoIL21 new$252K$13M
41Bond Family FoundationPrivate foundation · as of December 31, 2025WheatonIL2$147K$13M
42Alonzo Mather Foundation TrustPrivate foundation · as of December 31, 2024GrayslakeIL1$3.8M$41M
43Woods Fund of ChicagoPrivate foundation · as of December 31, 2024ChicagoIL1$3.7M$58M
44Walter and Karla Goldschmidt FoundationPrivate foundation · as of November 30, 2025GlencoeIL1$1.8M$43M
45Field Foundation of IllinoisPrivate foundation · as of April 30, 2025ChicagoIL1$803K$63M
46Frank E Payne and Seba B Payne FoundationPrivate foundation · as of December 31, 2024ChicagoIL1$723K$214M
47Rutgers University TR Uw Xxxxx9006Private foundation · as of January 31, 2025ChicagoIL1$651K$79M
48Mcdougal Family FoundationPrivate foundation · as of December 31, 2024ChicagoIL1$575K$71M
49Alvin H Baum Family FundPrivate foundation · as of December 31, 2025DeerfieldIL1$521K$51M
50Herrendorf Family Foundation IncPrivate foundation · as of June 30, 2025NorthbrookIL1$484K$44M
51The McNamara Purcell FoundationPrivate foundation · as of December 31, 2024ChicagoIL1$483K$27M
52The Sheba FoundationPrivate foundation · as of December 31, 2024Highland ParkIL1$466K$64M
53Anahata Foundation Xxxxx5004Private foundation · as of December 31, 2024ChicagoIL1$342K$135M
54Greer FoundationPrivate foundation · as of December 31, 2024AlsipIL1$293K$35M
55Kovler Family FoundationPrivate foundation · as of December 31, 2024ChicagoIL1$221K$144M
56Lohengrin Foundation IncPrivate foundation · as of December 31, 2024ChicagoIL1$198K$21M
57Zellis Family FoundationPrivate foundation · as of December 31, 2024ChicagoIL1$84K$49M
58The Lefkofsky Family FoundationPrivate foundation · as of December 31, 2024ChicagoIL1$66K$64M
59Westlake Health FoundationPrivate foundation · as of December 31, 2025Oakbrook TerraceIL0$9.3M$153M
60Dr Scholl FoundationPrivate foundation · as of December 31, 2024NorthbrookIL0$4.7M$212M
61The Cuneo FoundationPrivate foundation · as of December 31, 2023Vernon HillsIL0$760K$13M
62The Robert E Gallagher Charitable TrustPrivate foundation · as of December 31, 2024GlenviewIL0$554K$166M
63Lloyd a Fry FoundationPrivate foundation · as of June 30, 2025ChicagoIL0$357K$208M
64The Pattis Family FoundationPrivate foundation · as of June 30, 2025Highland ParkIL0$303K$16M
65Michael Reese Health TrustPrivate foundation · as of June 30, 2022ElginIL0$152K$159M
66The Buntrock Foundation for LeadershipPrivate foundation · as of December 31, 2024Oakbrook TerraceIL0$50K$11M
67Philip M Friedmann Family Charitable Trust DTD 11/09/98Private foundation · as of December 31, 2025ChicagoIL0$520$35M
68Calamos Aksia Private Equity & Alternatives FundRegistered fund · as of June 30, 2026NapervilleIL0—$433M

Family offices in Illinois

Family offices registered with the SEC as investment advisers, from the Family Office Index. Most family offices are exempt from registering and aren’t on this list.

Family officeCityRegulatory assets
Cresset Asset Management, LLCChicago$78.9B
Gresham Partners, LLCChicago$13.8B
BMO Family Office, LLCChicago$10B
Stenger Family Office, LLCNaperville$735M
Oak Family Advisors, LLCChicago$621M
Horizon Family Wealth, INC.Chicago$279M

About the data

An adviser’s state is where its Form ADV says its main office is. A fund-index firm is placed by the headquarters city the index lists, or by its Form ADV when the city doesn’t tell. Capital sources, LPs, and family offices are placed by the address their own register gives. Angel investors who list themselves are at hottub.vc/investors. Organizations only: no individuals are listed here, and a listing is a public record, not a recommendation. See the methodology.