# Pfingsten Partners

Pfingsten Partners is a Private Equity based in Chicago, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Founded:** 1989
- **Assets under management:** Undisclosed
- **Website:** pfingsten.com
- **LinkedIn:** https://www.linkedin.com/company/pfingsten-partners

## Regulatory record

- **CRD number:** 156493
- **SEC file number:** 801-73883
- **Registration status:** Registered
- **Latest Form ADV filing:** 2026-03-31
- **Reports private funds:** Yes

## About

Pfingsten Partners is an SEC-registered investment adviser in Chicago, IL, registered since 2012. The firm manages $787 million in assets. It has 20 employees and 19 investment advisers.

## Sectors

- Manufacturing
- Distribution
- Business Services
- Industrial Tech

## Offices

- China

## People

- Pfingsten leadership team — Investment Team, Operations Team, Finance and Administration, and Founder and Advisors, as self-described on firm website

## Questions

### How does Pfingsten Partners structure its investments?

Pfingsten uses a conservative capital structure, deploying an average 65% equity into each platform company. This approach avoids reliance on leverage and has allowed the firm to close transactions even in volatile credit markets. The firm has never failed to close a deal due to financing, according to its own disclosures.

### What is the Pfingsten Executive Network (PEN), and how is it used?

The Pfingsten Executive Network consists of over 100 experienced business professionals with backgrounds across various functional areas. Portfolio companies use PEN members for senior management roles, advisory board seats, or project-specific work. It functions as an on-demand pool of executive talent rather than a passive board of advisors.

### In which geographies does Pfingsten Partners actively operate?

Pfingsten is headquartered in Chicago and invests primarily in North American companies. It also established a representative office in China to support portfolio company sourcing and supplier relationships. For example, it directly sourced over $7 million in components from Asia for Industrial Lighting Products.

### How does Pfingsten execute its buy-and-build strategy?

The firm acquires a platform company and then pursues strategic add-on acquisitions to expand customer bases, geographies, and product lines. It actively invests in infrastructure — people, facilities, equipment, and systems — to support growth. At Arrowhead Electrical Products, for instance, seven add-on acquisitions transformed the business from a regional distributor to a global supplier.

## Related profiles

- [PFG Private Wealth Management](https://altss.com/profile/pfg-private-wealth-management)
- [PFM Capital](https://altss.com/profile/pfm-capital)

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Updated: 2026-10-23T13:38:53Z

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