IVCA - Illinois Venture Capital Association
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 Welcome to the IVCA

The Illinois Venture Capital Association advocates for a strong venture capital and private equity industry in Illinois by:

  • Promoting pro-growth public policy initiatives,
  • Providing educational programming in private equity,
  • Facilitating member networking, and
  • Endorsing communication and shared programs with organizations of mutual interest.

In addition, IVCA works with entrepreneurial organizations in the Midwest to encourage a strong cycle of innovation and business creation leading to superior investment opportunities.


IVCA Member Alert!

Update 06/25/2018

IVCA communicated specifically and strategically to key lawmakers to help keep the ill-advised legislation to impose a 20% privilege tax on capital gains earned by investment managers from proceeding.  As you remember in 2017 the Illinois Senate approved such a bill and sent it to the House, where it was approved by the House Revenue Committee but never called for a vote on the floor.  In 2018 bills introduced in the House and Senate were never even sent to a substantive committee for a hearing.  The General Assembly has adjourned and does not meet again until November.  NOW is a great time to contact your legislators, thank them for not proceeding on these bills, and ask them to avoid signing on as cosponsors.  Ask your legislators who support our position in opposition to these bills to speak loudly and clearly to their colleagues and leadership that a privilege tax would devastate the startup ecosystem in Illinois and hurt the state’s economy.

PRIVILEGE TAX ADDS COSPONSORS (5/09/18)

We have previously advised that the House Sponsor of the 20% “privilege tax” has told IVCA he is not calling the bill this session.  We believe that is still the case. However, it is interesting to note that HB 4293 has added a few cosponsors recently. If any of these new co-sponsors listed below represent you, please contact them!

This is not a significant number of cosponsors, and the legislators who have signed on may have been encouraged to do so by advocates for the bill to keep the issue alive. Which is why although we don’t see any immediate danger in the bill being revived for this legislative session, it appears to also be an issue which is never completely going away. Continue to let your Representative and Senator know you oppose both HB 4293 (Welch) and SB 3189 (Biss).

Members should explain this bill would:

  • Destroy high-paying tech job growth in our state
  • Drive high net worth tax payers out of the state
  • Reverse the progress Illinois has made growing a vibrant technology economy
  • Restrict capital opportunities for Illinois growth companies.
  • Make Illinois an outlier on how Investment Managers are taxed relative to EVERY other state in the Union

Please, take action on this issue!  We know that constituents have the strongest opportunity to influence Representatives.

Don't know who your legislators are?  Check here

Find contact info for your legislators here.  Sample email, click here updated 1/24/18 for HB 4293. Sample email updated 2/21/18, click here for SB 3189.

Here is a letter written by one of our members:

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Supporting documentation for your email:

Crain’s IVCA Op Ed

WSJ Illinois Policy Institute Op Ed

Crain’s “Best Cities for Monster Returns

”Barron’s “A Simple Tale of Carried Interest”

Pitchbook's 2017 Venture Ecosystem FactBook: Chicago

 

 


Why does the IVCA honor individuals annually with the Stanley C. Golder Award?  Click here to view an 8 minute movie we had produced about Stan Golder, a pioneer in the VC and PE industry and long considered the "father of private equity in Illinois".


 

 

 

Diversity & Inclusion Initiative

 
IVCA Scholar Program
Find overview of the program HERE.

 

Current research on Diversity & Inclusion:

NVCA-Deloitte-Human-Capital-Survey
PE Women LP Perspective 2016
Why diversity matters
...and more

 

 

 

2016 IVCA Sponsoring Members

Baker Tilly
Edelman
EY
Greenberg Traurig, LLP
Kirkland & Ellis LLP
Kutchins, Robbins & Diamond, Ltd.
Neal, Gerber & Eisenberg LLP
Ropes & Gray LLP
Silicon Valley Bank