Bet he has a much nicer office now…

January 31, 2011 at 2:13 pm 6 comments

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. 


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Free Breakfast in Class program approved Finally, a school my son could get excited about

6 Comments Add your own

  • 1. Mayfair Dad  |  January 31, 2011 at 4:38 pm

    His first deal is to buy-out the company providing mandatory breakfast to every student in CPS. He’ll make a fortune!

  • 2. An Educator for CEO?  |  February 1, 2011 at 5:09 am

    Ron’s first deal will be to identify and drive funds to well-connected charter school EMOs (Educational Management Organizations) that will suck the resources and life out of traditional public schools.

  • 3. An Educator for CEO?  |  February 1, 2011 at 5:13 am

    “Mr. Huberman said his task will be to find investment and buyout opportunities in three fields he knows well: education, transportation and security. ”

    “We think Ron can helps us seek out companies that help our public sector organizations become more efficient.”

  • 4. RL Julia  |  February 1, 2011 at 8:06 am

    I wonder if he’ll make everyone at his new job do performance matrices like he did at CTA, CPS and the city?

  • 5. twocents  |  February 6, 2011 at 2:37 pm

    So, would it be safe to say that Mr. Daley will also be on the ‘board’ of this equity group?

  • 6. Counterpoint for discussion  |  February 25, 2014 at 11:50 pm

    His coworkers are aligned with charter schools in humboldt park.

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