diff --git a/schemas/latest/dependencies-latest.json b/schemas/latest/dependencies-latest.json
index adc3420..d6b4d94 100644
--- a/schemas/latest/dependencies-latest.json
+++ b/schemas/latest/dependencies-latest.json
@@ -24,18 +24,11 @@
         "anyOf": [
           {
             "type": "object",
-            "required": [
-              "package",
-              "version"
-            ],
+            "required": ["package", "version"],
             "properties": {
               "version": {
                 "title": "Package version",
-                "type": [
-                  "string",
-                  "number",
-                  "array"
-                ],
+                "type": ["string", "number", "array"],
                 "description": "A semantic version string or range, such as [\">=1.0.0\", \"<2.0.0\"]"
               },
               "install-prerelease": {
@@ -47,9 +40,7 @@
                 "title": "Package identifier",
                 "type": "string",
                 "description": "Must be in format `org_name/package_name`. Refer to hub.getdbt.com for installation instructions",
-                "examples": [
-                  "dbt-labs/dbt_utils"
-                ],
+                "examples": ["dbt-labs/dbt_utils"],
                 "pattern": "^[\\w\\-\\.]+/[\\w\\-\\.]+$"
               }
             },
@@ -57,9 +48,31 @@
           },
           {
             "type": "object",
-            "required": [
-              "git"
-            ],
+            "required": ["private"],
+            "properties": {
+              "revision": {
+                "title": "Revision",
+                "description": "Pin your package to a specific release by specifying a release name",
+                "type": "string"
+              },
+              "subdirectory": {
+                "title": "Repo subdirectory",
+                "description": "Subdirectory of the repo where the dbt package is located",
+                "type": "string"
+              },
+              "private": {
+                "title": "Package identifier",
+                "description": "Must be in format `org_name/package_name`. Refer to docs.getdbt.com for installation instructions",
+                "type": "string",
+                "examples": ["dbt-labs/private_dbt_utils"],
+                "pattern": "^[\\w\\-\\.]+/[\\w\\-\\.]+$"
+              }
+            },
+            "additionalProperties": false
+          },
+          {
+            "type": "object",
+            "required": ["git"],
             "properties": {
               "git": {
                 "title": "Git URL",
@@ -80,10 +93,7 @@
           },
           {
             "type": "object",
-            "required": [
-              "tarball",
-              "name"
-            ],
+            "required": ["tarball", "name"],
             "properties": {
               "tarball": {
                 "title": "Internally-hosted tarball URL",
diff --git a/schemas/latest/packages-latest.json b/schemas/latest/packages-latest.json
index e63ba55..ca31c5a 100644
--- a/schemas/latest/packages-latest.json
+++ b/schemas/latest/packages-latest.json
@@ -1,10 +1,10 @@
 {
     "title": "packages",
-    "$schema": "http://json-schema.org/draft-07/schema#",
     "type": "object",
     "required": [
         "packages"
     ],
+    "$schema": "http://json-schema.org/draft-07/schema#",
     "properties": {
         "packages": {
             "type": "array",
@@ -19,22 +19,22 @@
                         "properties": {
                             "version": {
                                 "title": "Package version",
+                                "description": "A semantic version string or range, such as [\">=1.0.0\", \"<2.0.0\"]",
                                 "type": [
                                     "string",
                                     "number",
                                     "array"
-                                ],
-                                "description": "A semantic version string or range, such as [\">=1.0.0\", \"<2.0.0\"]"
+                                ]
                             },
                             "install-prerelease": {
                                 "title": "Install Prerelease",
-                                "type": "boolean",
-                                "description": "Opt in to prerelease versions of a package"
+                                "description": "Opt in to prerelease versions of a package",
+                                "type": "boolean"
                             },
                             "package": {
                                 "title": "Package identifier",
-                                "type": "string",
                                 "description": "Must be in format `org_name/package_name`. Refer to hub.getdbt.com for installation instructions",
+                                "type": "string",
                                 "examples": [
                                     "dbt-labs/dbt_utils"
                                 ],
@@ -43,6 +43,32 @@
                         },
                         "additionalProperties": false
                     },
+                    {
+                        "type": "object",
+                        "required": [
+                            "private"
+                        ],
+                        "properties": {
+                          "revision": {
+                            "title": "Revision",
+                            "description": "Pin your package to a specific release by specifying a release name",
+                            "type": "string"
+                          },
+                          "subdirectory": {
+                            "title": "Repo subdirectory",
+                            "description": "Subdirectory of the repo where the dbt package is located",
+                            "type": "string"
+                          },
+                          "private": {
+                            "title": "Package identifier",
+                            "description": "Must be in format `org_name/package_name`. Refer to docs.getdbt.com for installation instructions",
+                            "type": "string",
+                            "examples": ["dbt-labs/private_dbt_utils"],
+                            "pattern": "^[\\w\\-\\.]+/[\\w\\-\\.]+$"
+                          }
+                        },
+                        "additionalProperties": false
+                    },
                     {
                         "type": "object",
                         "required": [
@@ -55,13 +81,13 @@
                             },
                             "revision": {
                                 "title": "Revision",
-                                "type": "string",
-                                "description": "Pin your package to a specific release by specifying a release name"
+                                "description": "Pin your package to a specific release by specifying a release name",
+                                "type": "string"
                             },
                             "subdirectory": {
                                 "title": "Subdirectory",
-                                "type": "string",
-                                "description": "Only required if the package is nested in a subdirectory of the git project"
+                                "description": "Only required if the package is nested in a subdirectory of the git project",
+                                "type": "string"
                             }
                         },
                         "additionalProperties": false
@@ -73,13 +99,13 @@
                             "name"
                         ],
                         "properties": {
+                            "name": {
+                                "description": "dbt will create a subdirectory in your `packages-install-path` with this name, and the tarball's source code will be installed here.",
+                                "type": "string"
+                            },
                             "tarball": {
                                 "title": "Internally-hosted tarball URL",
                                 "type": "string"
-                            },
-                            "name": {
-                                "type": "string",
-                                "description": "dbt will create a subdirectory in your `packages-install-path` with this name, and the tarball's source code will be installed here."
                             }
                         },
                         "additionalProperties": false
@@ -99,4 +125,4 @@
         }
     },
     "additionalProperties": false
-}
+}
\ No newline at end of file
diff --git a/tests/latest/valid/dependencies.yml b/tests/latest/valid/dependencies.yml
index 19c88c5..9386734 100644
--- a/tests/latest/valid/dependencies.yml
+++ b/tests/latest/valid/dependencies.yml
@@ -3,4 +3,8 @@ projects:
 
 packages:
   - package: dbt-labs/dbt-utils
-    version: 1.0.0
\ No newline at end of file
+    version: 1.0.0
+
+  - private: dbt-labs/private_dbt_utils
+    revision: 1.0.0
+    subdirectory: mango
\ No newline at end of file
diff --git a/tests/latest/valid/packages.yml b/tests/latest/valid/packages.yml
index 794e3c1..11e096a 100644
--- a/tests/latest/valid/packages.yml
+++ b/tests/latest/valid/packages.yml
@@ -8,4 +8,8 @@ packages:
   - local: /opt/dbt/redshift
 
   - tarball: abc123
-    name: some_package
\ No newline at end of file
+    name: some_package
+  
+  - private: dbt-labs/private_dbt_utils
+    revision: 1.0.0
+    subdirectory: banjo
\ No newline at end of file