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PE firm Sterling Partners moves to downtown Chicago

Sterling Partners, a middle market private equity firm with approximately USD5 billion in assets under management, is relocating its suburban Northbrook offices to downtown Chicago’s 401 North Michigan Avenue, which is located adjacent to the Chicago River at the gateway to the Magnificent Mile.

"The decision by Sterling Partners to relocate its largest office to downtown Chicago affirms the city’s position as a leading financial center and further enhances confidence in Chicago as a city on the move, a place where jobs are created and centre economic opportunity grows," says Rahm Emanuel, Mayor of Chicago. "Sterling Partners has been an important member of Chicago’s business community for years, and we’re happy to welcome the firm downtown."

The move represents Sterling’s commitment to its purpose of Inspired Growth – creating a space that fosters the entrepreneurial and collaborative spirit of the firm.

"We want to create an environment that stimulates great ideas for us and our portfolio companies," says Steven Taslitz, chairman and co-founder of Sterling. "The resources and talent that reside in the heart of Chicago will serve as a catalyst to be better, more thoughtful and creative partners."

"We have long-standing relationships with several of our city’s schools, including Northwestern and the University of Chicago," says Eric Becker, co-founder. "The new office’s proximity to the University of Chicago’s Gleacher Center will bring the talent, energy and innovation found on campus to our firm."

Sterling will be joining its other portfolio companies located downtown, including SAVO, Kendall College, School of Rock, Sylvan, Optimer Brands and Tribeca Flashpoint Academy. The firm looks forward to joining the city’s commercial district and its continued participation in the development and growth of Chicago’s economy. Sterling’s entire Northbrook office, including more than 50 professionals, will move downtown before the end of the year.

Attracting corporate headquarters to Chicago is a key element of the city’s Plan for Economic Growth and Jobs, which was crafted by World Business Chicago earlier this year at Mayor Emanuel’s request.
 

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