IVCA Newsletter May 13, 2020

IVCA Newsletter


May 13, 2020

Association News

IVCA Feature: What to Expect When the Economy Re-Opens in Eight Online Articles on Expectations for VC, PE and the Pandemic Afterlife

Please join IVCA for a Webcast - "LP Perspectives on These COVID Days" on May 22nd

Legislative News

IVCA Provides Updates for State Legislative Issues - 05.13.2020

IVCA Events

May 22, 2020 - IVCA Webcast "LP Perspectives on These COVID Days"

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 14, 2020 - ITA: What CEOs & Finance Leaders Need to Know About Returning Their Teams to Work After COVID

May 19, 2020 - ScaleUP

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

Tock Raises $10M in Growth Capital

Frontenac Wins 2020 Top 50 PE Firm Award

Adams Street Partners Announces New Executive Committee Members and Head of Growth Equity Investments

Aron Beach Joins Wynnchurch Capital as Managing Director Focused on Portfolio Operations

Pritzker Private Capital Appoints Jeff Carlson Director of Technology

Locke Lord Represents Gyrodata, Incorporated in Sale

Ropes & Gray Advises REV Group Inc. in Sale of Shuttle Bus Businesses

OCA Ventures Portfolio Company Sports Data Platform QL Gaming Raises $1.1 Million; Acquires Accuscore (EXCLUSIVE)

7wireVentures Portfolio Company Ayogo Completes $7.5M Series B Financing led by Baxter and MEDTEQ

Arbor Investments-Backed The Bakery Cos. Invests in Croissant Manufacturing

Locke Lord Represents Refuel Operating Company, LLC in Acquisition

Ropes & Gray Advises PJT Partners as financial advisor to Stemline Therapeutics in its Sale to Menarini Group

Water Street Portfolio Company Safeguard Medical Completes Acquisition to Expand First Responder Offering

Thoma Bravo-Backed Apttus and Conga Combine to Become Leader in Digitally Transforming Commercial Operations

Ropes & Gray Advises Morgan Stanley as Financial Advisor to U. S. Steel in Stelco Transaction

TechCrunch: Vista Equity Partners to invest $1.5B in India’s Reliance Jio Platforms

Monroe Capital Supports Altaris Capital Partners’ Acquisition of Kindeva Drug Delivery L.P.

Ropes & Gray Advises Change Healthcare in Sale of Connected Analytics Business to Kaufman Hall

Ropes & Gray Represents Elliott Management in its Equity Investment in CenterPoint Energy Inc.

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