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 a member of the boards of Microsoft Corporation, DEPT and Icertis.  She is also the former executive 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 also serves as President Biden’s Special Representative for Ukraine’s Economic Recovery.  In July of 2022, Penny was elected as the Senior Fellow (chair) of the Harvard Corporation and is the first woman to hold the position. In addition to those roles, Penny is a member of the Aspen Strategy Group and Aspen Economic Strategy Group, member of the Obama Foundation Board and co-chair of the Smithsonian American Women’s History Museum Advisory Council.

Penny previously served as chairman of the board of trustees of the Carnegie Endowment for International Peace, cofounder and board chair of Chicago-based civic-tech organization P33. She also 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 served on President Biden’s Council of Advisors on Science and Technology, and President Obama’s Council on Jobs and Competitiveness, and his Economic Recovery Advisory Board.

Penny earned a Bachelor of Arts degree in Economics from Harvard University and a Juris Doctor and Masters of Business Administration 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.