IVCA Newsletter August 19, 2020

IVCA Newsletter

 

August 19, 2020

Association News

Profile: New IVCA Board of Director Member, Ira Weiss of Hyde Park Venture Partners

A potential framework to permanently solve Illinois' $100B public pension shortfall. Learn more on September 3rd IVCA Webcast

You know the people, you know the Port Cos! Send us your nomination(s) for the Virtual 2020 Annual Awards!

Interested in supporting the IVCA Scholar Program?


Legislative News

IVCA Provides Updates for State Legislative Issues - 08.19.2020


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 27 & 28, 2020 - IVCA Virtual 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

Origin Ventures' Portfolio Company, Trala raises $3.5M

Edgewater acquires Top Line Process Equipment Company

BMS Licenses IL-12 Inhibitor from Agent Capital portfolio company, Dragonfly Therapeutics, in $475 Million Upfront Cash Deal

mPulse Mobile Announces Closing of Series C Funding of more than $16 Million, Led by Optum Ventures; OCA Ventures Participates

Ropes & Gray Advises GI Partners in its Acquisition of Clinical Ink

THREAD Accelerates Expansion with Additional Capital Commitment; Water Street Healthcare Partners Participates

Periscope Equity Portfolio Company Power Digital Acquires Leading Consumer Public Relations Firm Covet PR

Patriot supports American manufacturing with new investment in Summit Interconnect

Intercontinental Exchange Enters Definitive Agreement to Acquire Ellie Mae from Thoma Bravo

Ropes & Gray Advised ICBC International Holdings Limited in its Investment in Beijing Missfresh E-Commerce Co., Ltd.

CORE Industrial Partners Portfolio Company Fathom Acquires GPI

Wind Point Partners Portfolio Company A&R Logistics Acquires L.T. Harnett

GTCR Promotes Stephen J. Jeschke to Managing Director

Cressey & Company Announces Partner Paul J. Diaz Will Assume New CEO Role

CapX Announces $6 Million Equipment Lease to Well-Established Manufacturing Firm

Ropes & Gray Guides Advent International in Completing Tender Offer for Shares of Forescout Technologies


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.

Jump Capital - NEW - August 2020

Investment Vice President

Jump Capital is a venture capital firm in Chicago, Illinois that backs entrepreneurs with a bold vision seeking a business partner and not just a financial investor. Jump is a multi-stage investor providing series-A to growth-stage capital with a focus on data-driven technology companies in the FinTech, Enterprise IT & Data Infrastructure, B2B Application SaaS and Digital Media sectors. Jump is currently investing from our $200million 6th fund which closed in Q4 of 2019.

Jump is a thesis-led investor with the mindset that it is important to have depth of understanding within microsegments of sectors to be effective partners. We also work to be active and engaged investors that bring our own operating successes and failures to bare when we partner with companies. Great founders are not confined to a geography and, with over 50% of our investments outside the coasts, we seek opportunity wherever it takes us.

The Role

This person will play a central role in evaluating new opportunities, building investment theses and supporting portfolio companies. The ideal candidate will identify high-potential companies based on thesis development (what we believe about a specific market) and network development (getting referred to the best companies). S/he will also play a key role in the diligence and decision process, and work with our portfolio companies to ensure their success.

Click here for details!

 

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
312-241-1618