IVCA Newsletter November 13, 2019

IVCA Newsletter

 

November 13, 2019

Association News

IVCA Feature: Highlights of IVCA Luncheon on Earlier Growth Stage Financings and Implications for PE & VC Firms

It's time to purchase your tables and tickets for Dec 9th IVCA Annual Awards Dinner!


Legislative News

IVCA Provides Updates for State and Federal Legislative Issues - 11.30.19


IVCA Events

December 9, 2019 - Annual IVCA Awards Dinner


Other Events of Interest

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


Industry News

IVCA Members Paul Carbone & Ryan Harris on the Advantages for Hybrid Family Offices

NewSpring Further Supports Portfolio Company Vacasa by Participating in a $319 Million Series C Investment Round

Ropes & Gray Advises Silver Lake in Leading $319 Million Investment Round in Vacasa

Growth Catalyst Partners Announces the Addition ofJames Nally as Principal

LinQuest Acquires High-Growth, Advanced Data Analytics Provider, The Perduco Group

Ropes & Gray Advises BC Investment Partners in Acquisition of EDCO Health Information Solutions Inc.

Discovery Life Sciences Acquires QualTek

Beecken Petty O'Keefe-Backed Health-E Commerce Ranked #406 Fastest Growing Company in North America on Deloitte’s 2019 Technology Fast 500™ for 4th Consecutive Year

ARCH Venture Partners Participates in $100 Million Series B Financing of eGenesis

Ropes & Gray Advises Audax in Sale of AAMP Global to The Halifax Group


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

 

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.

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
312-241-1618