Will County Democratic Central Committee - News

Bruce Rauner has stake in 100-plus firms, disclosure report shows

Published on Saturday, April 29, 2017

Bruce Rauner has stake in 100-plus firms, disclosure report shows

Pangea owns and manages more than 8,000 apartments in Chicago and the suburbs — 1,200 of them rented by CHA voucher-holders whose households had a total of 2,111 people, according to figures from last year.

Rauner in 2012 stepped down from his role as chairman of Chicago based private equity firm GTCR, of which he was an early partner, then created the small firm R8 Capital Partners, which invested in smaller Illinois companies. At the time Rauner said he quit GTCR because it invested on behalf of state and local pension funds and he wanted to focus on civic efforts.

Under companies in which there was a capital gain of more than $5,000, Rauner listed 57 companies; there are 66 companies listed as ones in which more than $1,200 in income was derived during the preceding calendar year.

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