Updated:
Duchossois Capital Management
Duchossois Capital Management was established in 2013 by The Duchossois Group to manage the family's private wealth. Richard Duchossois built the fortune...
Duchossois Capital Management
Duchossois Capital Management was established in 2013 by The Duchossois Group to manage the family's private wealth. Richard Duchossois built the fortune through post-war growth of Thrall Car Manufacturing and the Chamberlain Group garage-door business before his death in 2022. Ashley D. Joyce, fourth-generation family member, serves as Chairman of both the investment firm and The Duchossois Family Foundation. The firm allocates across private capital, real estate, funds, and public securities. Private capital targets management buyouts, recapitalizations, and add-on acquisitions with revenue between $50 million and $1 billion. Confirmed positions include providers of home and community-based care and behavioral health managed-care services. Real estate investments focus on office, industrial, and residential assets in North America. Fund commitments emphasize venture capital, growth equity, and buyout managers with co-investment rights. Geographic scope centers on North America for platform investments. Richard A. Naski, II became Chief Executive Officer in April 2024 after serving as Chief Operating Officer. The firm maintains a staff of investment, finance, legal, and client-service professionals in Chicago. Adjacent vehicles include The Duchossois Family Foundation, founded in 1984, and Travers Trust Company LLC. Craig J. Duchossois holds Chair Emeritus status and maintains memberships in YPO Skyline Gold and the Economic Club of Chicago. Duchossois Capital Management operates with a hybrid structure that combines direct co-investments and fund commitments under one permanent-capital mandate. Board representation is required in certain private-equity situations, and the firm maintains a network of operating executives from prior industrial holdings. This architecture allows customized transaction structures for sellers who wish to retain equity post-sale.
General information
Firm type
Single Family Office
Year founded
2013
Location
Region
North America
Country
United States
City
Chicago
Corporate office
Chicago, IL, United States
Principals
Ashley D. Joyce
Chairman
Craig J. Duchossois
Chair Emeritus
Richard A. Naski, II
Chief Executive Officer
David J. Jallits
Chief Investment Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Duchossois Capital Management?
Ashley D. Joyce serves as Chairman. Richard A. Naski, II acts as Chief Executive Officer and David J. Jallits serves as Chief Investment Officer. The investment committee includes Naski and additional senior professionals.
Does Duchossois Capital Management participate in fund commitments or only direct deals?
The firm allocates to both direct private-equity investments and external fund commitments. It seeks co-investment rights alongside fund managers and maintains a global mandate for fund selection with emphasis on technology and healthcare.
What investment stages does Duchossois Capital Management typically target?
Direct investments focus on buyouts, growth equity, recapitalizations, and add-on acquisitions. The firm also commits to venture capital, growth equity, and buyout funds at early and later stages.
Where does the underlying wealth come from?
The capital originates from Richard Duchossois's expansion of Thrall Car Manufacturing and the Chamberlain Group, along with racetrack and other operating-company investments.
How is Duchossois Capital Management related to The Duchossois Group?
The Duchossois Group launched Duchossois Capital Management in 2013 as its private investment arm. The family office continues to apply operational expertise developed across the Group's industrial holdings.
Does Duchossois Capital Management maintain philanthropic structures?
The Duchossois Family Foundation, founded in 1984, operates separately and focuses on veteran wellness and economic opportunity. Ashley D. Joyce serves as its Chairman.
What is Duchossois Capital Management's known posture on co-investments alongside external GPs?
The firm values co-investment opportunities from fund managers and expects significant GP commitment in the funds it selects.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: