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PSP Group
Peter Karmanos Jr. co-founded Compuware Corporation in 1973 with Thomas Thewes and Allen Cutting, building it into one of Detroit's largest public...
PSP Group
Peter Karmanos Jr. co-founded Compuware Corporation in 1973 with Thomas Thewes and Allen Cutting, building it into one of Detroit's largest public technology companies before selling it in stages and stepping down as executive chairman in 2013. The wealth generated from that multi-decade enterprise software build provides the capital base for PSP Group, which Karmanos established to manage his family's investments from suburban Detroit. The office deploys across venture capital, real estate, and sports ownership. Karmanos was majority owner of the NHL's Carolina Hurricanes from 1994 until selling a controlling stake to Tom Dundon in 2018, retaining a minority share. On the venture side, PSP Group has backed early and growth-stage enterprise software companies, reflecting Karmanos's own operational background, with the portfolio also touching healthcare IT and Michigan-focused real estate development projects. In recent years, PSP Group has maintained a lower public profile as the family office for a tech founder who operated at significant scale for decades, and has also supported the Karmanos Cancer Institute, founded in honor of his late wife. The office blends a single-family-office structure with an active, founder-led investment posture characteristic of operators who want line-of-sight into the businesses where they commit capital. PSP Group's architecture is shaped by its founder's career arc: a long-tenured enterprise software CEO who transitioned into a direct investment office, carrying over talent-evaluation instincts and a preference for control-oriented stakes. Karmanos's simultaneous deep involvement in professional sports ownership and philanthropy means the office coordinates financial, operational, and charitable capital from a common center.
General information
Firm type
Single Family Office
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Livonia
Corporate office
Livonia, MI, United States
Principals
Peter Karmanos Jr.
Principal
Sector focus
Frequently asked questions
Who runs investment decisions at PSP Group?
Peter Karmanos Jr. is the principal. He built Compuware from 1973 through its public-market exit and has applied his operating experience directly to the family office's investments. The office does not publicly disclose a separate CIO.
How did the underlying wealth originate?
Peter Karmanos Jr. co-founded Compuware Corporation in 1973, a mainframe and enterprise software company headquartered in Detroit. Compuware went public and remained independent until private equity firm Thoma Bravo acquired it in 2014 for roughly $2.5 billion. Karmanos's Compuware equity and subsequent liquidity events fund PSP Group.
Does PSP Group participate in fund commitments or only direct deals?
PSP Group's public investment activity points predominantly toward direct and co-investment structures, consistent with an operator-led family office. The office has not disclosed a formal fund-of-funds program or a pattern of blind-pool LP commitments to external managers.
What is PSP Group's relationship to the Carolina Hurricanes?
Peter Karmanos Jr. was majority owner of the NHL's Carolina Hurricanes from 1994 until mid-2018, when he sold a controlling interest to Tom Dundon. PSP Group retained a minority ownership stake in the franchise following the sale.
Is PSP Group involved in philanthropy?
Yes. Karmanos co-founded the Barbara Ann Karmanos Cancer Institute in Detroit, named for his first wife who died of breast cancer. PSP Group coordinates the family's investment and philanthropic activities, though the cancer institute operates as an independent nonprofit entity.
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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