12/20/2008 05:58 pm ET | Updated May 25, 2011

Big Money Behind New School Reform Group

A business-backed group that Chicago school officials say has provided "seed capital" to spark reform here is about to launch a drive to raise up to $30 million more for local schools, its biggest such effort to date.

At a reception Tuesday evening, the Chicago Public Education Fund, headed by business leaders including private-equity magnate Bruce V. Rauner and Hyatt Hotel scion Penny S. Pritzker, is to outline plans to continue its focus on attracting better teachers and principals to Chicago.

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