Obama's Former Campaign Finance Chair Penny Pritzker forms vulture venture in D.C

She was Obama's Campaign Finance Chair. Penny Pritzker of sub-prime fame is back in the news:

Penny Pritzker, CEO of Chicago-based Pritzker Realty Group LLC, has formed a Washington-based company with Deborah Harmon that’s seeking to raise $500 million to buy distressed properties and debt, Real Estate Alert reported earlier this week. The two women are contributing a total of $50 million of equity themselves for the new venture, Artemis Real Estate Partners, the industry newsletter says. Ms. Pritzker is chairman and Ms. Harmon is chief executive. Artemis was formed last September, according to public records in Washington. Ms. Harmon is a commercial real estate veteran, as is her brother, Douglas, a senior managing director with Eastdil Secured in New York. Both Harmons are also principals with Caravel Management LLC, which invests in emerging-market companies.

The world of sup-prime Penny. She sees an opportunity.