The Fund’s board of directors reads like a who’s who of Chicagoans. Chairman Timothy Schwertfeger is head of Nuveen Investments, a 108-year-old firm managing $119 billion in assets. The Fund’s other vice-chair is Bruce Rauner of GTCR Rauner, a $6 billion private equity and venture capital firm. Other directors among the 27 on the board include Scott C. Smith, the founding chairman of The Fund and president of Tribune Publishing.” (Philanthropy Roundtable, 2007)