Penny is the founder of Inspired Capital.

In addition to Inspired Capital, Penny is the Chairman of PSP Partners and its affiliates, Pritzker Realty Group, PSP Capital and PSP Growth.

From June 2013 through January 2017, she served as U.S. Secretary of Commerce in the Obama Administration. Penny is an entrepreneur, civic leader, and philanthropist, with more than 30 years of experience in numerous industries. She founded Vi Senior Living (formerly known as Classic Residence by Hyatt), and co-founded The Parking Spot and Artemis Real Estate Partners. She is the former chairman of the board of TransUnion and is a past board member of Hyatt Hotels Corporation, Wm. Wrigley Jr. Company, Marmon Group, and LaSalle Bank Corporation.

Penny is also a member of the board of Microsoft, chairman of the board of trustees of the Carnegie Endowment for International Peace, a member of the Harvard Corporation, Aspen Strategy Group and the Aspen Economic Strategy Group, and a co-chair of the Cyber Readiness Institute.

She was formerly a member of the board of the Council on Foreign Relations, the board of trustees of Stanford University, the Harvard University Board of Overseers and founded Skills for America’s Future. Penny also served on President Obama’s Council on Jobs and Competitiveness and his Economic Recovery Advisory Board.

Penny holds a B.A. in economics from Harvard University and a J.D. and M.B.A. from Stanford University. Penny and her husband, Dr. Bryan Traubert, co-founded The Pritzker Traubert Foundation, a private philanthropic foundation that works to foster increased economic opportunity for Chicago’s families.