IVCA Newsletter April 29, 2020

IVCA Newsletter


April 29, 2020

Association News

IVCA Feature: Demo Day Starts TODAY (4/29/20) for TechStars Chicago, Managing Director Neal Sales-Griffin Has the Details

Join IVCA with Plante Moran and Katten for a Webinar "Structuring Transactions Amid Recent Economic and CARES Act Change"

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

Legislative News

IVCA Provides Updates for State Legislative Issues - 04.29.2020

IVCA Events

The May 5 IVCA Spring Luncheon has been rescheduled to September 3rd! Register below!

May 7 Webinar - Structuring Transactions Amid Recent Economic and CARES Act Changes

September 3, 2020 - Rescheduled 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.

May 5, 2020 - Midwest Growth Capital Symposium - Virtual event with InvestMidwest

May 5-8, 2020 - InvestMidwest (St. Louis) - Virtual event (r/s from 4/22-23/2020)

May 12, 2020 - Co_Invest Cleantech - RESCHEDULED, Date Unknown

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 22, 2020 - 2020 Midwest PE/VC Golf Event (A Good Walk Spoiled Foundation)

July 21-22, 2020 - MedCity INVEST 2020 (r/s from 4/21-22/2020)

July 23, 2020 - 2020 ILGIF Annual Summit

September 16-17, 2020 - Chicago Venture Summit

October 1, 2020 - Momentum Awards

October 26 - 29, 2020 - Chicago Ideas Week

November 3, 2020 - ELECTION DAY

November 13, 2020 - Smart Business Dealmakers Chicago R/S from June 9, 2020

Industry News

ARCH Venture Partners Co-Leads $200 Million Series B Financing of Erasca

Prairie Capital VI Acquires Fairway Lawns

KB Partners Participates in $4.5M Strategic Financing of Hammerhead

Ropes & Gray Advises Sara Lee Frozen Bakery in its Acquisition of Cyrus O’Leary’s Pies

Startup Raises $2M to Help Women Find a CBD Regimen; HPA Participates

The Stable merges with Arkansas based retail agency Kreative and secures investment from Growth Catalyst Partners

Command Alkon Announces Thoma Bravo Acquisition is Complete

Ropes & Gray Advises Summit Partners, Silversmith Capital Partners and LifeStance Health in connection with an investment by TPG Capital in LifeStance Health

HPA Leads $2.5M Investment in Rheaply to Help Businesses Recycle Unused Items

Rome Therapeutics Launches with $50M to Tackle Small-Molecule Drugs for Cancer; ARCH Venture Partners Participates

NewSpring Exits Commercial Collection Agency Altus Receivables Management Inc.

Ropes & Gray Advises Blackstone in $2 Billion Strategic Financing Collaboration with Alnylam to Accelerate the Advancement of RNAi Therapeutic

ARCH Venture Partners Named to Forbes’ Midas List

Wynnchurch Announces Partner Promotions

ARCH Managing Director, Kristina Burow, Named to the 2020 Midas Brink List

Ropes & Gray Advises Qorvo, Inc. in its Acquisition of Decawave Limited

Vista Equity founder Robert F. Smith earns Dealmaker of the Year for breaking fundraising records and easing student debt

Kinzie Capital Partners launches campaign to support Re:new Project’s COVID-19 Mask Donation Project

Ropes & Gray Advises TPG in its Minority Investment in Checkmarx

Ropes & Gray Advises Cyprium Partners on its Fifth Fund

Ropes & Gray Advises K2 on Acquisition of Pioneer Underwriters

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.


CIVC Partners - New April 2020

Controller/Accounting Manager

We are seeking a Controller/Accounting Manager with a strong tax background to be responsible for the accounting/tax functions of the Funds, Management Company, and related entities (GPs, LLCs, AIVs, Blockers/Splitters), and help grow/evolve the department for the long term. Additionally, the new hire will have the opportunity to assist with compliance, special projects, and interact with/assist portfolio company(PC) CFOs. - Get full details here.  Contact:  Chris Geneser, [email protected]


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]

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