IVCA Newsletter August 5, 2020

IVCA Newsletter


August 5, 2020

Association News

Profile: New IVCA Board of Director Member, Alex Meyer of Origin Ventures

Register today! Sept. 3 IVCA Webcast - Illinois’ fiscal and pension crisis: what you need to know and what can (and cannot) be done about it

IVCA is seeking nominations for the Virtual 2020 Annual Awards!

Interested in supporting the IVCA Scholar Program?

Legislative News

IVCA Provides Updates for State Legislative Issues - 08.05.2020

IVCA Events

September 3, 2020 - IVCA Webcast: Illinois’ fiscal and pension crisis: what you need to know and what can (and cannot) be done 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.

September 16-17, 2020 - Chicago Venture Summit

October 1, 2020 - Momentum Awards

October 5-9, 2020 - 2020 Wisconsin Leadership Summit

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

2019 IVCA VC Portfolio Company of the Year Merges

Small Business Investor Alliance seeks to expand SBIC Equity program to include Growth Equity Funds

Laybuy secures £80 million debt facility from Victory Park Capital

KB Partners Leads $4M Investment in StreamLayer to bring ‘Fortnite-like experience’ to sports streaming

Locke Lord Represents Becklar, LLC

Ropes & Gray Advises Bain Capital in Business Combination between Cerevel Therapeutics and Arya Sciences

Frontenac Portfolio Company TPC Training Acquires Simutech Multimedia

Madison Dearborn Partners Agrees to Acquire IPL Plastics Inc.

Baxter and 7wireVentures Portfolio Company Ayogo Announce Partnership for Unique Digital Health Solutions for Home Dialysis

First Analysis invests in Fortress Information Security, a risk management solution provider

Ropes & Gray Represents BrightSphere Investment Group in Divestiture of Two Affiliates

Thoma Bravo Announces Strategic Growth Investment in Foundation Software

KB Partners’ Founder & Managing Partner, Keith Bank, featured in The TechCrunch List

Misfits Market Raises $85 Million Series B Funding To Deliver ‘Ugly’ Produce To More States - Forbes

GTCR and TerSera Therapeutics Announce Acquisition of Xermelo

Ropes & Gray Represents Gauge Capital’s Circa in its Acquisition of America’s Job Exchange

Thoma Bravo and Madison Dearborn Partners Complete Investments in Syntellis Performance Solutions, Which Moves Forward as Standalone Company

Encoded Therapeutics Announces $135 Million Series D Financing to Support First Clinical Trials in SCN1A+ Dravet Syndrome and Advance Preclinical Pipeline of Gene Therapies for Debilitating Neurological Disorders

Women in Bio: Geeta Vemuri Blazes a Trail in Venture Capital

Baird Capital Portfolio Company ReMed Acquires Learning Services

Thoma Bravo-Backed ABC Financial acquires GymSales, a leading international provider of fitness sales management tools

GTCR Announces Sale of Optimal Blue to Black Knight

Linden Supports AdvaMed’s National Testing Registry

Clearing the Hurdles to a Career in Venture Capital - Geeta Vemuri, Agent Capital

Ropes & Gray Represents Gilead Sciences in its Exclusive Option to Acquire Tizona Therapeutics

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.

 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]


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