IVCA Newsletter December 23, 2020

IVCA Newsletter

Happy Holidays!


December 23, 2020

Association News

IVCA Feature: The Best Quotes and Perspectives of 2020

Recap of IVCA hosted Virtual Awards Event on December 7th

Legislative News

IVCA Provides Updates for State Legislative Issues - 12.23.2020

IVCA Events

Check back after the holidays for our 2021 Calendar of Events

Other Events of Interest

None listed at this time

Industry News

CORE Industrial Partners Portfolio Company Incodema Acquires Majestic Metals 

WP Global Partners Exits Investment in Postmates

Thoma Bravo Completes Acquisition of AxiomSL

Edgewater Invests in DataBank

Linden Invests in Specialty Networks

The Bottom Line: NewSpring’s Investment in Incorp Holdings

CORE Industrial Partners Acquires Dahlquist Machine

RNA startup Remix raises $81M from Atlas, Arch Venture

Locke Lord Team Represents Greenbacker Capital Management in Strategic Investment in Dichotomy Power

Thoma Bravo Announces Strategic Growth Investment in Venafi

Iris Automation raises $13 million for visual drone object avoidance tech

American Broadband Holding Company to be Acquired by Madison Dearborn Partners and Catania

Locke Lord Team Represents Stewart Information Services in Acquisition of NotaryCam®

GTCR and Cedar Gate Technologies Announce Acquisition of Deerwalk

Granicus Announces Joint Investment From Harvest Partners and Vista Equity Partners

Pluralsight Enters into Definitive Agreement to be Acquired by Vista Equity Partners for $3.5 Billion

Zipari Announces Strategic Growth Investment from Thoma Bravo and Combines with Healthx to Create an End-to-End Consumer Experience Platform for Healthcare Payers

Monroe Capital Supports Corsair Capital LLC’s Majority Investment in Identity Intelligence Group, LLC

Locke Lord Team Represents Chicago Pacific Founders in Growth Investment in Tredence

The Jordan Company to Acquire Majority Stake in Specialty Building Products from Madison Dearborn Partners

Adams Street Partners Closes 2020 Global Fund with $823 Million in Capital Commitments

RealPage to be Acquired by Thoma Bravo

Audax Private Debt and Adams Street Partners Provide Financing to Support Freeman Spogli’s Acquisition of US Med-Equip

Periscope Equity Closes Oversubscribed Fund II With $225 Million of Capital Commitments

7wire Portfolio Company ConsejoSano Raises $17 Million in Series B Funding

TPG and TA Associates Close on $1.6 Billion Planview Acquisition from Thoma Bravo

Linden Capital Partners Portfolio Company, HydraFacial, and Vesper Healthcare Announce Merger

Shore Capital Partners Adds Justin Bentley to Lead Capital Markets

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.


Zebra Ventures - Corporate Development Senior Analyst

Zebra Ventures is responsible for accelerating sustainable bottom line growth for Zebra through investments in new technologies, new businesses and new talent. The high-impact team makes investments in high tech start-ups that are relevant to our various businesses.
The Senior Analyst will be involved in all aspects of corporate venture capital investing including deal sourcing, evaluation, execution, and management. Additionally, responsibilities include landscape research, theme development, company prospecting, term sheet drafting, financial modeling, due diligence, negotiation, and preparation of investment committee materials.

SSM Partners - Associate

SSM Is Hiring An Associate and Looking For Resumes
SSM is hiring an Associate to join our investment team and we would appreciate any referrals from friends of the firm. At a high level, we’re looking for candidates with 1-4 years of relevant experience (i.e., investment banking, accounting, finance, management consulting).
SSM Partners (“SSM”) is seeking to add a junior member to its investment team as an Associate. The position will be based in Memphis and is a two- to three-year commitment with a targeted start date in January 2021.
SSM invests in rapidly-growing software, services, and healthcare companies across North America. The growth equity firm has partnered with talented entrepreneurs for more than 20 years and, starting with a relationship built on trust, offers its entrepreneur-partners a thorough understanding of the growth company lifecycle and a collaborative approach to building great businesses. SSM makes minority and majority equity investments of $8 to $30 million per opportunity and is investing out of a $150 million fund.
SSM is a tight-knit, scrappy team. The Associate will be given autonomy across all aspects of the firm’s activities and investment process — sourcing, diligence, execution, portfolio management, and investor relations – working closely with CEOs, management teams, industry leaders, and senior investment professionals at SSM.
The ideal candidate will be highly motivated, entrepreneurially-minded, and have an interest in software/healthcare with the following qualifications:
  • One to four years relevant experience (i.e. investment banking, Big 4 or super-regional accounting, management consulting, etc.)
  • Bachelor’s degree with excellent academic achievement
  • Strong analytical skills and proficiency in Microsoft Excel and PowerPoint
  • Demonstrated extracurricular attainment (athletics, military, arts, nonprofits, etc.)
  • Ability to prioritize responsibilities as part of a lean team managing multiple workstreams in a relatively unstructured environment.
Further information about SSM can be found at www.ssmpartners.com. Resumes, referrals, or requests for additional information can be sent to [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