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The recent signing into law of the “Private Fund Investment Advisers Act of 2010”, part of the Dodd-Frank Wall Street Reform Act, has immediate ramifications for advisers of private equity and venture capital funds. The IVCA will present a Toolkit Luncheon on this very hot topic, moderated by Andrew McDonough, Partner at Winston & Strawn LLP and Co-Chair of their Private Equity Practice. The IVCA spoke to with Andy McDonough about the issue and information attendees can expect on September 14th. Read More...

During September IVCA Investor Members will receive requests from PAC Chair Keith Crandell and PAC Treasurer Bob Fealy for financial support of IVCA-PAC. The PAC’s annual fundraising goal is $75,000 and 100 percent participation from IVCA investor members… read more Read More...

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Winston & Strawn sponsor and present "What Private Equity and Venture Capital Firms Need to Know About Dodd-Frank and New Investment Adviser Regulations". Read More...

The 2010 IVCA Legislator Meeting Series began in July and continues through the year end. These small meetings are a great opportunity for legislators to learn about the Venture Capital & Private Equity industry and for IVCA members to learn more about the challenges and opportunities of governing in Illinois. ….read more Read More...

The art of the deal is reflected in every phase of its process. And one of the experts in that process is Mark Kromkowski of McGuireWoods. From the firm's roots in the legal profession, through it's evolution as a player in VC and PE transactions, their growth has been steady and substantial. Read More...

Senator Dan Kotowski (D, District 33), Chairman of the Commerce Committee has scheduled a hearing to learn more about the state of venture capital investing and high growth company formation in Illinois. IVCA has organized a panel that will review fundraising and investing activity for local VCs firms. Read More...

On January 29th the Brookings Institution released it's report focused on reinvigorating the Great Lakes Economy. Entitled TURNING UP THE HEAT: HOW VENTURE CAPITAL CAN HELP FUEL THE ECONOMIC TRANSFORMATION OF THE GREAT LAKES REGION, the study offers two recommendations. Read More...

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Small Business Investment Companies (SBIC) are continuing to make an impact in financing new and established businesses. The federal SBIC program, for example, significantly enhances the SBICs' ability to provide equity and loan financing. Read More...

The Tower Club of the historic Civic Opera House of Chicago was the setting for an IVCA membership event celebrating the launch of a new book, “The Masters of Private Equity and Venture Capital” by Robert A. Finkel (President, Prism Capital) and David Greising (Chicago News Cooperative). Read More...

About twice a month, the IVCA newsletter profiles prominent players in the VC/PE world in the categories of Investor, Philanthropist, Scholarship, Law, Accounting, Entrepreneurship and more. We’ve gathered together a “top ten” notable quotes list from those interviews, relating to VC/PE topics and more, the best of 2009. Read More...

Register today for the IVCA "Masters of Private Equity and Venture Capital" event! The January 18 cocktail reception and panel discussion, sponsored by Ernst & Young LLP. JPMorgan and Mayer Brown LLP, will include John A. Canning, Jr., Pat Cloherty and Carl Thoma as its panelists. Read More...

Edgar “Ned” Heizer, a monumental figure in the history of the venture capital in-dustry, died December 3rd in Lake Forest, Illinois. He was 80 years old. Read More...

On Monday, Dec. 7, Chicago Mayor Richard M. Daley joined more than 500 IVCA members and others who attended the Eighth Annual IVCA Awards Dinner. The event, held at the Four Seasons Chicago, honored members of the local venture capital & private equity industry and highlighted the civic-mindedness and philanthropy of our community. Read More...

Registration is now open for the IVCA "Masters of Private Equity and Venture Capital" event and you're invited! The January 18 cocktail reception and panel discussion, sponsored by Ernst & Young LLP. JPMorgan and Mayer Brown LLP, will include John A. Canning, Jr., Pat Cloherty and Carl Thoma as its panelists. Read More...

The Pritzker name is a Chicago institution, and J.B. Pritzker is a proud standard bearer for the family legacy. As Managing Director of the Pritzker Group, and founder of New World Ventures, Pritzker keeps exploring new directions in his contribution to the VC industry. Also as a founding board member of the IVCA, he continues to promote Illinois and Chicago as an exciting VC environment. Read More...

As a founding board member of the Illinois Venture Capital Association, Danny Rosenberg of Sterling Partners is well versed in the issues and challenges facing the industry today. He also is a frequent speaker at private equity conferences and has lectured at Northwestern University’s Kellogg School of Management, the University of Illinois and the University of Chicago on the PE industry. Read More...

On January 18th at 5:30 PM, IVCA will host a panel discussion with two of the "Masters" profiled in book, The Masters of Private Equity and Venture Capital: Management Lessons from the Pioneers of Private Investing written by Robert Finkel of Prism Capital. The event, sponsored by Mayer Brown LLP, will be moderated by David Greising, the book's co-author. Read More...

CHICAGO – Bryan Cressey has been a fixture in the private equity industry since his beginnings with First Chicago Equity Group. He is a builder of opportunity, having co-founded Golder Thoma Cressey & Rauner, Thoma Cressey Equity Partners and founded his current firm, Cressey & Co. His particular expertise in the healthcare services field is widely acknowledged. Read More...

On January 18th at 5:30 PM, IVCA will host a panel discussion with two of the "Masters" profiled in book, The Masters of Private Equity and Venture Capital: Management Lessons from the Pioneers of Private Investing written by Robert Finkel of Prism Capital. The event, sponsored by Mayer Brown LLP, will be moderated by David Greising, the book's co-author. Read More...

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Production is beginning on the printed 2010 IVCA Membership Directory. All primary contacts should update their firm information at www.illinoisvc.org by November 24, 2009. Read More...

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CHICAGO - John L. Hines set a brisk pace as a founding father of the venture capital and private equity industry we know today. Under his leadership from 1970 to 1989, Continental Illinois Venture and Equity Corporations invested in more than 120 companies. With a career spanning over 40 years, Mr. Hines has witnessed and experienced every facet of the VC/PE industry as it evolved and changed in the modern era. Read More...

There are a limited number of tickets still available for the 2009 IVCA Awards Dinner presented by Kirkland & Ellis LLP. This year's event honors Bryan Cressey, John L. Hines, J.B. Pritzker and Danny Rosenberg. Tickets can be purchased at http://www.illinoisvc.org/pages/events/24.php Read More...

The disallowance of a deduction for compensation in calculating PPRT is (hopefully) well on its way to being repealed. Read More...

Almost 100 VC/PE CFOs and their staff experienced a full day of informative presentations from some of the industry's best known experts at the 2009 IVCA CFO Summit presented by Silicon Valley Bank. Read More...

CHICAGO – Inspired by history and a need to get the VC/PE successes and lessons learned on the record for future investors, Prism Capital Managing Partner Robert Finkel sat down to write the new book, "The Masters of Private Equity and Venture Capital: Management Lessons from the Pioneers of Private Investing". The publication is available now for pre-sale on Amazon. Read More...

While tables are sold out, we do have a limited number of tickets available for the 2009 IVCA Awards Dinner presented by Kirkland & Ellis LLP. This year's event honors Bryan Cressey, John L. Hines, J.B. Pritzker and Danny Rosenberg. Tickets can be purchased at http://www.illinoisvc.org/pages/events/24.php Read More...

Senator Don Harmon introduced a bill to repeal the change to the "reasonable compensation" partnership deduction provision passed in P.A. 96-45. The bill passed the Senate by a vote of 57-0-0 and now moves to the House where we hope there will be a vote next week. Read More...

Only 5 tables left for purchase at the 2009 IVCA Awards Dinner honoring Bryan Cressey, John L. Hines, J.B. Pritzker and Danny Rosenberg. Tickets and tables available for purchase at http://www.illinoisvc.org/pages/events/24.php Read More...

US Empowered, a nonprofit organization dedicated to helping low income, urban high school students get the resources to go to college, was co-founded by Eddie Lou, OCA Ventures. Lou took his entrepreneurial venture capital background and applied it to creating an impetus for higher education. Eddie Lou talks about his commitment to the cause, the IVCA connection and how you can get involved. Read More...

CHICAGO – Newly appointed to the IVCA board, John Banta of IllinoisVENTURES is eminently qualified to speak with perspective on the current VC/PE climate, as well as talk about his firm's current initiatives. In this expressive interview, John Banta articulates about the Board Member appointment, Cleantech research and the wild economic ride of the past year. Read More...

Tickets and tables are on sale for the 2009 IVCA Awards Dinner honoring Bryan Cressey, John L. Hines, J.B. Pritzker and Danny Rosenberg. Read More...

On September 17, IVCA members attended a panel discussion about D&O Coverage, presented by Neal, Gerber & Eisenberg and Thompson Flanagan & Co. in the latest of the IVCA Toolkit series. Read More...

The Fifth edition of NVCA's Venture Impact report on the impact of Venture Capital investing shows that venture backed companies headquartered in the state of Illinois accounted for more than 200,000 jobs and $47B in revenues in 2008. Read More...

CHICAGO – As part of its financial regulatory reform efforts, the Obama Administration on July 15, 2009 proposed legislation that would effectively require all U.S.-based investment advisers with more than $30 million in assets under management to register with the SEC. Read More...

CHICAGO – During the month of Sept. 2009, IVCA investor members will be receiving requests from IVCA-PAC Chairman Keith Crandell and IVCA-PAC treasurer Bob Fealy asking for financial support of IVCA-PAC. IVCA-PAC’s annual fundraising goal is $75,000 and 100 percent participation from the IVCA’s investor members. Read More...

CHICAGO – The IVCA has opened sales for the 2009 IVCA Awards Dinner. Tickets and tables are now available for purchase. Read More...

CHICAGO – Register today for “D&O Coverage: An Important Topic For Troubled Times”. Who should attend? The CFO who negotiates coverage and manages claims as well as portfolio company board members who want to better understand coverage. Read More...

CHICAGO – With school starting and summer drawing to a close, IVCA scholars Nate Barajas and Angela Chi talk about their summer internships at Prairie Capital and Thoma Bravo, respectively. Read More...

CHICAGO – Register today for “D&O Coverage: An Important Topic For Troubled Times” on Sept. 17, 2009. Read More...

CHICAGO – As written, the personal property replacement tax deduction revision is likely to increase Illinois-based partnership taxes. Read More...

CHICAGO – The IVCA has added another feature to its Web site in “Your IVCA Calendar”. You can now print out your calendar. Read More...

CHICAGO – In this IVCA interview, Katten Muchin Rosenman LLP partner Saul E. Rudo talks about working with venture capital and private equity companies, 2008’s fiscal meltdown and changing intellectual property law. Read More...

CHICAGO – To guarantee a table for your firm, sponsor the event! Any remaining tables will be available (to members only) beginning on Sept. 1, 2009. Read More...

CHICAGO – Ernst & Young Midwest strategic growth markets leader Randy Tavierne – who is based in Chicago – sat down with the IVCA to answer questions on the many services his company provides and why it’s ranked one of the best places to work in the country. Read More...

CHICAGO – Secondary market activities, which have grown from a relatively small fund in the 1980s to $6 billion in annual transaction volume, has Adams Street Partners as one of its primary movers. Partner Jeffrey Akers is an expert in secondary markets and explains the appeal in an interview with the IVCA. Read More...

CHICAGO – As a multi-services audit, tax and advisory company, KPMG LLP has guided its many clients through all types of economic climates. KPMG partner Mitchell J. Manassa talks about the challenges and solutions his company offers to clients in both the 2009 marketplace and the expansive horizons beyond. Read More...

CHICAGO – The IVCA is pleased to announce its 2009 award winners. The dinner to present the awards will be held on December 7, 2009 at the Four Seasons Hotel Chicago. Read More...

CHICAGO –The IVCA is pleased to welcome our newest member, The Private Bank, and its representatives Jeffery Lezotte and John Thurston. Read More...

CHICAGO – The IVCA welcomes Latham & Watkins to its membership. Joining as its representatives are Alan Van Dyke and Ted Keim. Read More...

CHICAGO – More than 120 IVCA members and friends and families enjoyed the 2009 IVCA Annual Baseball event on June 25, 2009 watching the White Sox beat the Dodgers! Read More...

CHICAGO – The IVCA welcomes into membership WTAS LLC and representatives Joe Karczewski and Dorice Pepin. Read More...

CHICAGO – The 2009 IVCA Legislator Series continued in June with two of the “four tops” in Springfield. The IVCA met with Senate Minority Leader Christine Radogno earlier in 2009. Read More...

CHICAGO – The Illinois Venture Capital Association discusses with OpenTable founder Chuck Templeton why it was time to IPO, the results of the IPO thus far and the wide-reaching effects the company has had on customer, employees and investors. Read More...

CHICAGO – U.S. Sen. Mary Landrieu recently called to order a roundtable discussion on the reauthorization of the Small Business Innovation Research program. Participating in the discussion was Keith Crandell. He’s a managing director at IVCA member ARCH Venture Partners and a former chairman of the IVCA. Read More...

CHICAGO – Venture capital investment in Illinois slowed markedly in the first quarter, in pace with the slowdown in VC investment nationally with the sharp downturn in the U.S. economy. Read More...

CHICAGO – The IVCA celebrates the return of summer with our annual IVCA baseball with family and friends on June 25, 2009 at U.S. Cellular Field. Read More...