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Hedeker Wealth
Richard Hedeker's Lincolnshire family office invests post-exit capital in venture and Chicago-area real estate.
Hedeker Wealth
Richard Hedeker founded his eponymous wealth-management practice in the 1980s, building a boutique that advised corporations on retirement plans and executive benefits. The liquidity event came in 2007 when Gallagher acquired Hedeker & Associates, transforming the founder from service provider to principal. Hedeker Wealth, LLC was subsequently formed in Lincolnshire, Illinois, to manage the family's investable assets without the constraints of a third-party client base. The firm's investment posture is bifurcated between two core silos: direct opportunistic venture capital and concentrated commercial real estate. On the venture side, Hedeker Wealth has demonstrated a willingness to write checks into early-stage software companies, with known positions including Corvus Insurance, a Boston-based insurtech platform, and Tock, the Chicago restaurant-reservation system founded by Nick Kokonas. The real estate portfolio skews toward office and retail assets in Chicago's northern suburbs, where the family has long-standing operational knowledge and contractor relationships. The office operates with a lean team anchored by the founder, without a publicly stated AUM or a disclosed track record of institutional co-investment partnerships. The structure suggests a classic post-exit single-family office — staffed to execute the principal's convictions rather than to market a fund product. Hedeker maintains a relatively high public profile for a private-family-office operator, periodically appearing in Chicago business press and tech-event panels, though his office does not publish investment memos or quarterly letters. What distinguishes Hedeker Wealth is its geography-loyal deployment pattern. While many post-exit founders gravitate toward either Silicon Valley venture clubs or diversified multi-asset-class pools managed by outside CIOs, this office remains anchored in Chicago's northern-nexus ecosystem — from downtown tech startups to suburban main-street commercial property. The firm's edge is a regional network cultivated over four decades of operating in one of the country's most fragmented yet capital-rich family-office corridors.
General information
Firm type
Single Family Office
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Lincolnshire
Corporate office
Lincolnshire, IL, United States
Principals
Richard Hedeker
Founder and Principal
Sector focus
Frequently asked questions
Who makes investment decisions at Hedeker Wealth?
Richard Hedeker is the named principal and decision-maker. He founded the predecessor advisory business before selling it to Gallagher in 2007, and he directs both the venture and real estate allocations through the family office. The office does not list a dedicated CIO or external investment committee, consistent with a founder-led single-family office structure.
Where did the underlying wealth come from?
The wealth originates from Richard Hedeker's sale of Hedeker & Associates, a Chicago-area employee-benefits and wealth-management consulting firm, to Arthur J. Gallagher & Co. in 2007. Gallagher, a publicly traded insurance brokerage, acquired the practice to expand its Midwest retirement-consulting footprint, per Gallagher's own acquisition history.
What is Hedeker Wealth's investment strategy?
The firm operates across two primary tracks. In venture capital, it targets early-stage technology companies, often with a Chicago nexus, such as Tock and Corvus Insurance. In real estate, it acquires and manages commercial properties concentrated in Chicago's northern suburbs, leveraging the family's deep local market knowledge.
Does Hedeker Wealth commit to external funds or only make direct investments?
Available public records suggest a preference for direct deal participation rather than fund-of-funds commitments. The office has placed capital directly into operating companies and real estate assets, and does not publicly market itself as a limited partner in third-party venture or private equity funds, though a blended approach cannot be ruled out given the office's private nature.
How does Hedeker Wealth's real estate strategy differ from institutional peers?
The family office focuses on commercial properties in Chicago's northern suburbs rather than competing for trophy assets in the central business district or gateway markets. This hyper-local strategy relies on relationships with regional contractors, brokers, and tenants, yielding a portfolio that is operationally intensive but less exposed to institutional bidding cycles in downtown Chicago or coastal markets.
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.
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