Bet he has a much nicer office now…
Ron Huberman has entered the Private Equity business. Not entirely sure what that is. Venture capital type stuff? Sounds like a good fit with his performance-based focus and no doubt pays a hell of a lot better than public work.
From Crain’s Chicago Business:
The man who in many ways was Mayor Richard M. Daley’s top aide in recent years has gone into the private-equity business.
Ron Huberman — former head of the Chicago Transit Authority and Chicago Public Schools and a one-time mayoral chief of staff — has begun work as operating executive with Chicago Growth Partners and Prairie Capital.
Though the two Chicago-based firms have separate ownership, they have jointly invested in some deals in the past, and Mr. Huberman will work for both.
In a phone interleave and a press release, Mr. Huberman said his task will be to find investment and buyout opportunities in three fields he knows well: education, transportation and security. (Mr. Huberman once worked as a Chicago Police officer, eventually rising to deputy superintendent, and headed the city’s Office of Emergency Management and Communication, developing the current 911 phone system.)
“I think there is a great opportunity to build some great companies here with outstanding investment returns,” he said. “Their sector focus fits very nicely with my operating experiences.”
Said Prairie Capital founding partner Steve King, “We think Ron can helps us seek out companies that help our public sector organizations become more efficient.
Mr. Huberman said neither firm currently does business with the city or any city agencies.