Another Stellar IVCA Awards Dinner Held on Dec. 3

Another Stellar IVCA Awards Dinner Held on Dec. 3

December 5, 2007

CHICAGO - “ The Grand Ballroom at the Four Seasons in Chicago on Dec. 3 was the place for the who's who of private equity and venture capital in Illinois to rub elbows at the annual IVCA Awards Dinner presented by Kirkland & Ellis LLP.

It was a meeting of old friends in the industry as guests could be overheard saying: - œI just had a flashback to 1988 when we went to school together at the University of Illinois.- 

Two of the three award recipients - “ Steve Kaplan and Sam Guren - “ were looking jovial as Scott Meadows of the University of Chicago Graduate School of Business pulled out his cell phone to get his picture taken with the winners.

Music from the motion picture - œStar Wars-  alerted some 500 attendees that the evening was set to begin. IVCA executive director Maura O'Hara joked that she had received a call from George Lucas wondering if the IVCA could squeeze him in at the sold out event. Lucas was in Chicago for another event across town. .

Maura introduced the new chairman of the IVCA - “ Danny Rosenberg of Sterling Partners - “ who introduced prior year award recipients, recognized the events' platinum sponsors and thanked all of the sponsors for their support throughout the year. 

Robert Finkel of Prism Capital continued the evening by reading a short poem he wrote entitled - œOde to Maura- .  Finkel began his quirky yet endearing poem for the IVCA executive director and was followed by Ellen Carnahan of Seyen Capital who presented Maura with an engraved crystal vase and a bouquet of flowers in recognition of her accomplishments at IVCA.

After entrees, Keith Crandell, outgoing IVCA Chair (ARCH Venture Partners), reviewed the year's accomplishments and referenced the major accomplishments for the IVCA this year including a revised law correcting the negative unintended consequences of ""Illinois Act to End Atrocities in Sudan"", work toward educating Illinois legislators on the contributions private equity has made to the Illinois economy and the establishment of the IVCA Scholar program that provides internships to minority undergraduate business students.  - œMany people worked toward the outcomes we were able to achieve,-  Crandell said. Crandell  read a thank-you letter from IVCA Scholar Peter Alonso who interned at Thoma Cressey Bravo and credited that experience for his recent job offer at Morgan Stanley.

The first award of the evening was the Stanley C. Golder Medal - “ presented by David Golder of Golder Investment Management - “ to Sam Guren. Golder said: - œSam started his professional life as a junior high math teacher and high school wrestling coach. If you talk to Sam about his career, it is all about relationships.- 

Honored, Guren took the stage to receive his award. He said he felt extremely grateful to receive the award from his peers. Guren added: - œLearning experiences have marked my career.- 

Guren thanked Kirkland & Ellis senior partner Jack Levin and cited him as a mentor. Guren joked that for as slim as - œJackie-  is, he's hard to carry on the tennis court. Guren also thanked the myriad of people he has had the privilege to work with (many of them in the room).

Levin stepped on the stage to award Steven Kaplan with the Richard J. Daley Medal. Levin referenced the many contributions Kaplan has made through his research and education in the venture capital and private equity communities.

- œHe has repeatedly been ranked as a top-five professor at the University of Chicago,-  Levin said.

- œI love teaching and researching venture capital,-  Kaplan said when presented with the award. He added that since he has been in Chicago, he has taught more than 5,000 students. As he looked into the audience, he saw many of his students.

- œI would like to think the great education we provide helps the economy here,-  Kaplan said. He encouraged guests to hire students to keep the talented young people in Chicago rather than letting them go to the two coasts.

Kaplan concluded by thanking the many people who have aided him in his research. He added: - œYou are living examples of that value creation.- 

Keith Crandell returned to present John Willis with the Fellows Medal. Crandell described the warm friendship he and Willis had developed as a result of working together on IVCA-PAC adding: - œI am not used to talking about my feelings in front of large groups of people.-  Willis accepted the award and spoke about his long career in the industry and of the last five years with the IVCA's political action committee (IVCA-PAC). When he took the role of IVCA-PAC Chair, he said he never thought his time there would last five years. He thanked all those who have helped to push legislation supporting  private equity and venture capital in Springfield, Ill.  - œI think it has given us all an important voice in the state,-  Willis said in reference to the IVCA-PAC. 

Finkel adjourned the formal presentation of the evening and reminded the group to plan for next year's event on December 8th, 2008.  

While the award presentations ended promptly at 8:10PM, as is the event's custom, many guests lingered at the dessert reception for hours.