IVCA Newsletter September 18, 2019

IVCA Newsletter


September 18, 2019

Association News

IVCA Feature: Takeaways from the IVCA Education Luncheon ‘An Update on Healthcare Technology Investing’

Legislative News

IVCA Provides Updates for State and Federal Legislative Issues - 09.18.19 

IVCA Events

October 24, 2019 - 2019 IVCA CFO Summit

December 9, 2019 - Annual IVCA Awards Dinner

Other Events of Interest


September 26 - 2019 MWE Bootcamp for Private Equity Professionals

October 23, 2019 - Chicago Middle Market Business Conference

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

November 12, 2019 - 2019 MVCA Annual Awards Dinner

December 4, 2019 - New England Venture Summit - Hilton, Boston Dedham

Industry News

The Edgewater Funds Exits Confluent Health Investment

Origin Ventures Leads $9M Series A Financing of Voxpopme

NewSpring Completes Investment in Leading Product Cost Management Software Provider aPriori

Companies Seeking Specialized Talent Gain Access to Highly Skilled Professional Women Through SAP Fieldglass and The Mom Project

Ropes & Gray Advises Genstar Capital Portfolio Company Advarra in its Acquisition of Forte

The Trucking Safety Tipping Point: Why We Invested in Idelic

Valor Equity Partners Leads Oversubscribed Series D in HackerOne with Participation from Benchmark, New Enterprise Associates, Dragoneer Investment Group, EQT Ventures, and Others

WP Global Partners Invests in Ginger

Adams Street Partners Participates in $100 Million Series B Funding of VillageMD

Ropes & Gray Serves As Legal Counsel to Freeman Spogli on $1.85 Billion Raise for Fund VIII

Water Street Healthcare-Backed Viant Acquires Meraqi Medical

Mexican fintech Konfío raises USD$250 million in credit facilities from Goldman Sachs and Victory Park Capital

GTCR-Backed Resonetics Acquires Tru Tech

Ropes & Gray Advises New Mountain Capital in Sale of Convey Health Solutions

Monroe Capital Expands Credit Facility to MC Group

Pritzker Private Capital-Backed Valicor Environmental Services Acquires Strength Environmental

First Analysis portfolio company Checkpoint Surgical receives FDA breakthrough designation for nerve regeneration device

Growth Catalyst Partners-Funded Opus Agency Expands Internationally with Acquisition of Number 20, London Event Agency

Ropes & Gray Advises TPG Capital in Acquisition of CollabNet VersionOne

WInd Point Partners-Backed Ascensus Specialties to Acquire Callery

Growth Catalyst Partners-Backed Opus Alters Event Industry Landscape with Acquisition of Tencue Productions

Ropes & Gray Represents Avista Capital Partners in Acquisition of GCM Holding Corporation

Ropes & Gray Advises New Mountain Capital on its Investment in Ontario Systems

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.
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.

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
Contact: Tom Hoge, Managing Director
Silicon Valley Bank -- Global Fund Banking
312-704-9527 direct
312-636-0114 mobile
[email protected]

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]
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


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].

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