IVCA Newsletter April 1, 2020

IVCA Newsletter


April 1, 2020

Association News

IVCA Is Working to Help Our Members Through the COVID-19 Crisis

IVCA Feature: Eight Expert Online Articles on What the Economy and Workplace Can Expect During and After the Pandemic

Legislative News

IVCA Provides Updates for State Legislative Issues - 04.01.2020

IVCA Events

The below May 5 IVCA Spring Luncheon may be postponed, stay tuned, you will be notified of any change.

May 5, 2020 - IVCA Annual Spring Luncheon "Illinois’ fiscal and pension crisis: what you need to know and what we can’t and can do about it"

October 28, 2020 - IVCA CFO Summit for Venture Capital and Private Equity Finance Professionals

December 7, 2020 - Annual IVCA Awards Dinner

Other Events of Interest - If you are interested in any of these events, please check their websites as they may have been cancelled or postponed.

April 6-7, 2020 - ACG Capital Connection Denver

April 20-21, 2020 - 2020 TMA MidAmerica Regional Conference Detroit

April 20-22, 2020 - ACG InterGrowth 2020 Las Vegas

April 21-22, 2020 - MedCity INVEST 2020

April 22-23, 2020 - Chicago Venture Summit

April 22-23, 2020 - InvestMidwest (St. Louis)

May 12, 2020 - Co_Invest Cleantech

May 12-13, 2020 - Midwest Growth Capital Symposium

May 27, 2020 - ACG 11th Annual Healthcare Conference with DealSource

May 27-28, 2020 - ACG Midwest Capital Connection

May 27-28, 2020 - SBIA Midwest Private Equity Conference

June 4, 2020 - 24th Annual Edward L. Kaplan, ’71, New Venture Challenge Finals

June 9, 2020 - Smart Business Dealmakers Chicago

July 23, 2020 - 2020 ILGIF Annual Summit

October 1, 2020 - Momentum Awards

October 26 - 29, 2020 - Chicago Ideas Week

November 3, 2020 - ELECTION DAY

Industry News

Baird Capital Closes $215MM Venture Capital Fund V

Command Alkon Announces Definitive Acquisition Agreement With Thoma Bravo

Ropes & Gray Counsels Arcadia Consumer Healthcare in the Acquisition of the U.S. Rights to Sanofi’s Kaopectate®

Baird Capital Invests in Aura Futures, A Leading Provider Of Workspace Technology

Streaming tools provider Genvid raises $6M to ‘sell the virtual equivalent of front row seats’

Ropes & Gray Advises Genstar Capital in Recapitalization of ConnectiveRx

Locke Lord Represents EnCap Flatrock Midstream in Initial Capital Commitment to Tatanka Midstream, LLC

Steelite International Acquires Homer Laughlin and Hall China Foodservice Brands

Ropes & Gray Advises Marucci Sports in its Sale to Compass Diversified Holdings

The Bakery Companies Announces Acquisition of Steck Wholesale Foods

EVO Provides COVID-19 Update and Announces a $150 Million Additional Investment from Madison Dearborn Partners

Ropes & Gray Represents IGIS Asset Management in the Financing of the Acquisition of Namsan Square by KKR

PursueCare Announces Series A Funding To Meet Increasing Demand For Telehealth Addiction Treatment Services At Home During COVID-19 Outbreak

Apervita Establishes First Cloud-Based Healthcare Platform for Payers and Providers to Offer Deep Encryption of Health Data

Ropes & Gray Advises Centerbridge Partners in its Investment in Landscape Acquisition’s Purchase of AP WIP Investment Holdings

San Francisco’s Neediest Children See Outpouring of Support; Thoma Bravo Participates

Ropes & Gray Advises Entertainment Partners on its Acquisition of FilmTech Startup We Got POP

Ropes & Gray Advises BV Investment Partners on Fund X with Capital Commitments of $1.1 Billion

Ropes & Gray Advises KarpReilly in the Sale of Eureka! Restaurant 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.

Growth Catalyst Partners -Updated  March 2020

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 - 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 - 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