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.

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.

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.

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.

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.