IVCA Newsletter August 7, 2019

IVCA Newsletter

 

August 7, 2019

Association News

IVCA Feature: The Year 2019 So Far in Venture Capital and Private Equity in Eight Online Articles

IVCA is seeking nominations for the 2019 Annual Awards!


Legislative News

IVCA Provides Updates for State and Federal Legislative Issues - 08.07.19


IVCA Events

August 9, 2019 - IVCA White Sox Baseball event - Sponsored by Baker Tilly and Pacific Western Bank

September 17, 2019 - Healthcare

October 24, 2019 - 2019 IVCA CFO Summit

December 9, 2019 - Annual IVCA Awards Dinner


Other Events of Interest

September 12, 2019 - 20th Annual CityLiGHTS

September 17, 2019 - MedCity INVEST Digital Health - Twin Cities

September 19, 2019 - THE 12TH ANNUAL MOMENTUM AWARDS DINNER

October 28, 2019 - The 18th Annual Chicago Innovation Awards

November 12, 2019 - 2019 MVCA Annual Awards Dinner


Industry News

Thoma Bravo to Acquire J.D. Power

Ropes & Gray Represents Silver Lake in its Strategic Investment in EverCommerc

Project44 Bags Amazon And Walmart

Ropes & Gray Advises on Sale of Quotient Sciences to Permira

Edgewater acquires Evriholder Products, LLC

P33 Update

Ropes & Gray Serves as Fund Counsel to Skynight Capital’s $250 Million Raise

Milestone Day for Livongo – Stellar IPO

Origin Ventures Promotes Stern, Shukla, Leichtman

Ropes & Gray Advises on Sale of U.K. Residential Property Management Company FirstPort to Equistone

Linden Acquires Collagen Matrix

Ropes & Gray Advises Charlesbank Capital Partners in GTCR Transaction with Park Place Technologies

Red Collar deepens Tennessee roots with $3.7 million HQ expansion

GTCR and Mega Broadband Investments Announce Acquisition of Vyve Broadband

Ropes & Gray Advises CBRE Global Investors on CBRE U.S. Development Partners 5

Growth Catalyst Partners' Portfolio Company CyberRisk Alliance Acquires SC Media

Ropes & Gray Advises Bridgepoint and HKA on HKA’s Acquisition of The Kenrich Group

Plymouth Portfolio Company Montage Completes Successful Merger

GTCR and Mega Broadband Investments Announce Acquisition of the Broadband Assets of Eagle Communications

Cross-Practice Team Represents Toast, Inc. in its Acquisition of StratEx

Monroe Capital Expands Credit Facility to Prototek

Ropes & Gray Represents McNally Capital in Investment in Altamira Technologies Corp.

In $2.7 Billion Deal, Ropes & Gray Advises Bain Capital in the Sales of Majority Stake in Waystar to EQT and CPPIB

The Edgewater Funds' Portfolio Company Flow Control Holdings, LLC Acquires Steel & O’Brien Manufacturing, Inc., its First Acquisition into the Flow Control Industry

Ropes & Gray Advises GHO Capital in Sale of Caprion Biosciences

Wind Point Partners Sells Evans Food Group To Highlander Partners

Ropes & Gray Represents Welsh, Carson, Anderson & Stowe on Equity Investment in Shields Health Solutions

Thoma Bravo's Dynatrace CEO discusses the company's IPO and the future of cloud

Ropes & Gray Advises Hamilton Lane on Strategic Opportunities Fund V


Job Postings

Please view the Job Postings listed below on our website here. Once at Job Postings please scroll down the pages to view the jobs. They are listed chronologically as received, most current first.

 Silicon Valley Bank - New July 2019

We are hiring! We have an opportunity in our Chicago office for an Associate on our SVB Global Fund Banking team. Ping me directly to learn more or apply online at svb.com.
 
https://svbank.taleo.net/careersection/ex/jobdetail.ftl?job=3849&tz=GMT-07%3A00&tzname=America%2FLos_Angeles
 
Associate II - Private Equity Services - (3849)


Job Description
 
As an Associate, you will complete the underwriting and documentation for the team’s credit portfolio:
·        Analyze financial statements and assist in maintaining appropriate risk assessments on all credits.
·        Handle client and prospect needs by working with operations and product groups.
·        Assure loan underwriting and documentation meets SVB policies and procedures.
Job responsibilities include:

  • Underwrites uncomplicated credits; underwrites more complex credits under direction of the Managing Director or Vice President.
  • Monitors compliance and past-due reports for team’s credit portfolio.
  • Prepares action plans to address noncompliance and past-due issues with clients.
  • With guidance from the Managing Director or Vice President, contacts established clients and may handle a small group of client relationships.

 
Qualifications
 
Skills and Requirements

  • 3 or more years of related experience.
  • Strong credit analysis and accounting skills.
  • Bachelor’s degree or equivalent experience

 
Primary Location: United States-Illinois-Chicago
Work Locations: Chicago
222 West Adams St Suite 260
Chicago 60606
Job:  Private Equity Services
Full-time
Contact: Tom Hoge, Managing Director
Silicon Valley Bank -- Global Fund Banking
312-704-9527 direct
312-636-0114 mobile
[email protected]
www.svb.com

 
CapX Partners - New July 2019
Hiring: VP, Business Development

Click here for details

Growth Catalyst Partners - New June 2019

Associate Candidate Opportunity -
Growth Catalyst Partners, a middle market private equity firm is looking to add two additional Associates to their team. The firm has offices in Chicago, IL and Rowayton, CT and is looking to add one Associate in each office. The preference is for an immediate start, though there is flexibility for a summer 2019 start for the right candidate.
The firm is targeting candidates with at least two years of investment banking and/or private equity experience, with a preference for those with experience in the firm’s target sectors. Associates are given high levels of responsibility on very lean teams and participate in all aspects of the investment process, including sourcing, evaluating, performing due diligence on, structuring, monitoring, and exiting investments. The work includes financial modeling, valuation analysis, industry research and analysis, writing internal memoranda & presentations, drafting legal documentation, managing debt providers and third-party advisers, and working closely with CEOs and senior managers of portfolio companies.
Growth Catalyst Partners focuses on control buyouts of information, marketing and tech-enabled services businesses. Its strategy involves targeting growth segments of industries and identifying market leading companies with breakout potential. GCP partners with top executives within those industries and provides capital and expertise to the incumbent management teams of the targeted businesses. Portfolio companies include Opus Agency, Beachfront Media, Trendline Interactive and CyberRisk Alliance.
Growth Catalyst Partners is investing out of its first fund and this is a unique opportunity to join a fast growing, entrepreneurial private equity firm on the ground floor. The opportunity exists for this position to turn into a career track position for top performers.
If you have interest in this position, please contact Connor Dawson at [email protected]
Hyde Park Venture Partners - New June 2019
Controller or VP Finance

Hyde Park Venture Partners is an early stage venture capital firm focused on high-growth technology startups in the Midwest. With offices in Chicago and Indianapolis and extensive on-the-ground activity throughout the region, we invest in proven startups that have ridiculously strong founding teams. Our sweet spot is investing in startups that provide enterprise software or target marketplace opportunities. We take pride as a team in being tenacious, responsive, and impactful to all of our stakeholders: entrepreneurs, co-investors, and limited partners alike. Among others, our portfolio includes top mid-continent startups FourKites, G2, Shipbob and Terminus.

We are hiring an experienced financial professional into the role of Controller or VP of Finance — experience-dependent — to lead our internal finance and administrative functions.

Ideal Background:

5–10 years of public accounting, preferably in financial services
Demonstrated excellence in both internal and external client success and enablement
Preferred: post public accounting experience at a financial services firm or PE or Venture Capital backed operating company
CPA and/or precedent academic degrees
Existing residency or deep ties to Chicago
Responsibilities:

Fund and management company finance: Manage timely and accurate accounts and books for investment funds and operating management company.
Audit: Own annual external audit process under the direction of our consulting CFO.
Budget preparation and oversight: Lead our annual and quarterly budgeting processes.
Analysis and reporting: In partnership with our investment team, manage portfolio analytics and quarterly reporting for our investors.
Investor services: Maintain investor portal and serve as a point of contact for investors on financial-related inquiries.
Administrative: Manage human resource function, including compliance, payroll, and benefits.
Risk management: Define and execute processes for risk management — including financial, human resources, cyber and other operating risks.
How we work:

We respect and celebrate entrepreneurs and their ideas. We are responsive and tenacious, and we do what we say. We communicate openly and honestly about fact and emotion. We make data-driven decisions. We believe that rewards should accrue to those who create value. These are our values, and we take them seriously.

For our Controller or VP of Finance hire, this means being quick, tenacious, honest and direct…while being respectful and self-managed.

Your interest, LinkedIn profile and/or resume may be shared with [email protected] and [email protected].

Energize Ventures - New May 2019
Marketing and Communications Specialist

Summary of Business Need


Energize Ventures invests in early stage technology businesses that make clean energy more affordable, reliable and secure. Based in Chicago, we are aiming to become one of the top performing energy venture capital firms. We are a small and tight knit team.

 

The Marketing and Communications Specialist reports to the Director of Market Development and will support all content creation, marketing, public relations, event planning and brand building for the fund.

 

The MarComm Specialist will support firm wide strategic communications and marketing efforts for Energize Ventures. This will entail working with the Energize team as well as key external stakeholders including investors, portfolio companies, media and stakeholders.

View position detail/requirements and contact information here.

Motorola Solutions Venture Capital - New April 2019

Associate

Motorola Solutions Venture Capital (MSVC) is looking for a Corporate Ventures Associate to assume an important role within the ventures team, working closely with its managing director and the corporate strategy / CTO offices to maximize both strategic (technology and business) and financial objectives. The new hire is expected to start immediately. The position is based out of MSI’s HQ in downtown Chicago.

MSVC is responsible for accelerating sustainable bottom line growth for MSI through investments in new technologies, new businesses and new talent. MSVC is a small, high-impact team with locations in Chicago, IL, Silicon Valley, CA and Tel Aviv Israel. The team is responsible for making investments in high tech start-ups that are relevant to our businesses. The department currently manages a portfolio of approximately 20 companies with new companies added to the portfolio periodically. The department is also responsible for monetizing these investments and meeting annual strategic and financial goals set by the corporation. 

Get the detailed job description and contact info here.

NewSpring Capital - New March 2019

Business Development Professional

Mezzanine, Junior Capital and Growth Equity Originations ·Greater Chicago Market

Founded in 1999, NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities.  We manage approximately $1.8 billion across four distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Having invested in over 140 companies, NewSpring brings a wealth of knowledge, experience, and resources to take growing companies to the next level and beyond. To learn more, visit www.newspringcapital.com.
View description/qualifications here.
Qualified candidates should submit their resume to [email protected].
Hyde Park Venture Partners - February 2019
HPVP Hiring Two Entry-Level Investors
Hyde Park Venture Partners is an early stage venture capital firm focused on high-growth technology startups in the Midwest and Toronto. With offices in Chicago and Indianapolis — and extensive on-the-ground activity throughout the region — we invest in proven startups who have incredible founding teams with expertise in their industry and early signs of fast growth. Our sweet spot is investing in B2B software and marketplace startups. We take pride as a team in being tenacious, responsive, and impactful to all of our stakeholders: entrepreneurs, co-investors, and limited partners alike. Among others, our portfolio includes top mid-continent startups FourKites, G2, Shipbob and Terminus.

We are hiring two early-career investment team members, one each in Chicago and Indianapolis, and are flexible across levels of experience from Analyst (less than three years’ prior relevant experience) to Associate (3–5 years prior relevant experience) to Senior Associate (6+ years’ prior relevant experience)
View position detail here.
CORE Industrial Partners - January 2019
Executive Assistant/Office Manager
View position detail here.

 


Not for Profit BOD Positions

Not for Profit Seeks New Board Members

IMD Guest House Mission & Description

IMD Guest House builds community and healing by providing comfortable, affordable accommodation for patients and their families throughout their treatment

·         47 fully furnished apartments, located at corner of Polk & Damen

·         The only organization in the Chicago area that supports patients of any age, receiving out-patient or inpatient treatment

·         About 50% of our service supports low-income families, and we never turn families away for lack of funds

·         Length of stay is determined by medical referral, no pre-sent limits

·         Key patient populations: Cancer patients, organ transplant patients, parents of neonatal ICU patients, veterans receiving treatment for PTSD, and more

·         In 2018, we supported 706 patients and provides 12,306 nights of service.

·         Annual Budget $1.7 million

Website: www.imdguesthouse.org

Current Board:  Professionals in banking and financial services, real estate development, attorneys, healthcare and other businesses

Board Responsibilities

·         Serve as an ambassador for IMD Guest House who understands and interprets its work to the community.

·         Attend regularly 5-6 scheduled Board meetings per year, in person or via telephone. 

·         Participate actively in at least one board standing committee, attend its meetings, lend judgment to its deliberations and be active in its work.

·         Make a generous personal financial contribution ($250 Minimum) annually, each according to his/her own means, and will be responsible for giving or getting $750 annually. 

·         Participate in at least one of the fund raising activities organized by the development department each year.

·         Prepare for each Board meeting by studying all appropriate reports and being prepared to discuss current activities of committees to which they are assigned.

·         Assist in recruiting prospective new volunteers, Board members and agency supporters in the community.

 

 


 

Victory Gardens Theater - see Trustee Roles and Responsibilities here.

 


 

 

Illinois Venture Capital Association
Please mail all correspondence to: 27 N. Wacker Drive, #405, Chicago, IL 60606
312-241-1618