IVCA Newsletter January 6, 2021

IVCA Newsletter

Happy New Year!

 

January 6, 2021

Association News

IVCA Feature: Nine 2021 Predictions for Venture Capital and Private Equity, As Reported by the Financial Press

Legislative News

IVCA Provides Updates for State Legislative Issues - 01.06.2021


IVCA Events

Check back after the holidays for our 2021 Calendar of Events


Other Events of Interest

None listed at this time

Industry News

Angel Tax Credit Available for 2021

Mio Stojkovich

Illinois Ventures Invests in Network Perception Seed Round

Wynnchurch Capital Acquires Huntington Foam

Locke Lord Team Represents Shadow Health in Sale to Elsevier

Ropes & Gray Represents Monomoy Capital Partners in its Acquisition of Astro Shapes LLC

AMP Robotics Raises $55 Million from XN, Valor Equity Partners, GV, and Existing Investors

Pritzker Private Capital Acquires Vertellus

Thoma Bravo Announces Completion of Strategic Growth Investment in Venafi

Ropes & Gray Represents Golden Gate Capital in its Investment in Covia

Ropes & Gray Represents Golden Gate Capital in Recapitalization of Tidal Wave Auto Spa

Thoma Bravo Portfolio Company Command Alkon Acquires Ruckit, Inc. Portfolio of Trucking Management Software

Ropes & Gray Advises H.I.G. Capital in its Investment in SMTC Corporation

Monroe Capital Supports Dude Solutions, Inc.’s Add-on Acquisition of Confirm Solutions Limited

Linden Capital Partners Portfolio Company Collagen Matrix Acquires the GUIDOR® Synthetic Bone Graft & Membrane Business from Sunstar

Ropes & Gray Advises Genesys Aerosystems in its Sale to Moog Inc.

Linden Capital Partners-Funded Avalign Technologies Acquires Slice Manufacturing Studios

Growth Catalyst Partners Portfolio Company, Government Executive Media Group, Acquires City & State New York to Support its State and Local Growth Strategy

Frontenac-Backed Prime Technology Group and Synerzip Join Hands to Accelerate Digital Transformation

Ropes & Gray Advises Kohlberg & Company in its Acquisition of Area Wide Protective

Thoma Bravo Announces Senior Appointments

Ropes & Gray Advises New Mountain Capital in its Sale of Cytel Inc. to Nordic Capital and Astorg


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. 

 

Director of Investments

Loyola University Chicago – Investment Office

Loyola University seeks an experienced professional for the position of Director of Investments in its Investment Office. The position will be fully remote to start, but will be located at the Water Tower Campus in downtown Chicago when office re-open.

About the University

Founded in 1870, Loyola University of Chicago is a private university and is one of the nation’s largest Jesuit, Catholic Universities and the only one located in Chicago. Loyola prides itself on being a diverse community that seeks God in all things and works to expand knowledge in the service o fhumanity through learning, justice, and faith. We are guided by a simple promise: to prepare people to lead extraordinary lives. Loyola University Chicago comprises four campuses: Lake Shore (LSC), Water Tower (WTC), Health Sciences (HSC), and the John Felice Rome Center in Italy, and is home to 13 schools, colleges, and institutes. Loyola also features course locations in Beijing, China; Saigon-Ho Chi Minh City, Vietnam;Vernon Hills, Illinois; and a Retreat and Ecology Campus in Woodstock, Illinois. Recognizing Loyola’s excellence in education, U.S. News and World Report has ranked Loyola consistently among the top "national universities" in its annual publications. Loyola is among a select group of universities recognized for community service and engagement by prestigious national organizations like the Carnegie Foundation and the Corporation for National and Community Service.

About the Investment Office

The Investment Office is responsible for the management of the University’s invested assets and is charged with implementation of the University’s investment policy as established by its Board of Trustees. Within guidelines laid out by the Board and its Investment Policy Committee, the Investment Office oversees the identification of investment strategies and selection of external investment managers with the aim of meeting the University’s goals for preservation of capital, growth of endowment assets, and maintenance of liquidity for ongoing operations.The Investment Office manages approximately $1.3 billion across three primary pools of capital:

  1. The Long Term Investment Pool, which consists of donor-funded and Board-designated assets that make up the University’s endowment portfolio and also includes long-term University reserves.
  2. The Short Term Investment Pool consists of operating assets managed to ensure the University’s daily operational and working capital requirements are met throughout the academic year and utilizes highly liquid short-term investment vehicles to generate incremental returns above cash rates while protecting University capital.
  3. The Loyola University Employees’ Retirement Plan Trust, a closed and frozen multiple-employer defined benefit plan supporting monthly distributions to approximately 1,500 beneficiaries.

The Investment Office also oversees charitable assets contributed to the University that are governed by various life income agreements. Spending from Loyola’s endowment is used to fund scholarships, fellowships, faculty salaries, and various programs and activities to promote and advance the University’s mission. The endowment supports the operational stability of the University and provides approximately 4% of the University operating budget.

About the Position

The Investment Office is a small but growing team supported by a well-regarded investment consultant,and is in the process of transitioning to an internally-managed investment model. This is a unique opportunity to join a growing investment office with an entrepreneurial culture and contribute significantly to the development of investment strategy for a highly mission-oriented educational institution. The Director of Investments reports to the Chief Investment Officer and provides senior-level support for the oversight of a diversified portfolio across public and private markets. The Director of Investments will work closely with the CIO in all phases of the investment process. Primary responsibilities will be to monitor existing investment managers and to conduct due diligence on new investment managers, but the Director will also actively contribute to discussions regarding asset allocation, liquidity, risk, and performance, and will assist with other investment projects. This is a generalist position which will conduct research and perform analysis across asset classes (including traditional public equity & fixed income, hedged strategies, private equity, real assets, and venture capital). Over time, the Director may develop specializations and assume primary responsibility for specific asset categories as other team members are added. 

Main responsibilities include:

  • monitoring and analyzing existing portfolio, including meetings with current managers, and performing analyses of returns, holdings and sectors through on-site visits and research
  • leading the manager research process and conducting due diligence on prospective investment partnerships by evaluating the strategy, analyzing the performance and preparing recommendations for the Investment Policy Committee
  • proactively identifying and maintaining a pipeline of prospective investments, public and private
  • assisting in the preparation of strategic analyses of asset classes, reviews of capital allocations to each asset class, and oversight of portfolio exposure management
  • researching broad investment and industry trends, and supporting the Chief Investment Officer in various projects as required
  • supporting the office with modeling and analysis of benchmarks, portfolio performance, risk and liquidity
  • preparing and maintaining investment due diligence, research, and subscription documentation and assisting in coordinating transaction activity

 Position Qualifications

Ideal candidates will have many of the following attributes:

  • demonstrable success in prior work experience in an allocator role at an endowment, foundation, family office, consulting firm or equivalent asset owner
  • experience working across multiple asset classes and familiarity with hedge fund and other alternative strategies
  • strong intellectual curiosity, flexibility, and data-driven approach to analysis
  • experience in conducting deep primary research and organizing findings
  • enthusiasm for working in a small entrepreneurial team within a larger non-profit organization
  • appreciation for Loyola’s Jesuit, Catholic mission and interest in integrating mission-related themes into the investment portfolio.
  • excellent oral, written, and presentation skills
  • strong quantitative and performance measurement skills
  • a well-developed professional network of investment managers and other like-minded asset owners
  • ability to travel domestically and internationally as required
 Other desired qualifications:
  • Unquestionable ethics and integrity
  • Bachelor’s Degree, MBA preferred
  • CFA® charterholder, or progress towards earning the designation highly preferred
  • A minimum of 7 years of related work experience
Please apply with a resume and cover letter at http://www.careers.luc.edu/postings/14743

 

Vice President, 50 South Capital - Private Equity, Buyout Funds & Co-investments

JOB DESCRIPTION:

50 South Capital is the rapidly-growing alternative investment arm of Northern Trust, with over $10.0 billion in assets. The private equity group makes primary fund investments, direct co-investments, and secondary investments in the buyout, venture capital and private credit sectors. Geographically, the group has a broad coverage, investing in the US, Europe, and Asia. 50 South Capital is seeking to add a professional in their Chicago headquarters to be part of a 17 person investment team primarily to source, review, analyze, and close investments in US and European buyout funds. In addition, this individual would be responsible for sourcing, vetting and closing direct co-investment opportunities, and to a lesser extent, secondary transactions. In addition, this individual would be responsible for assisting in fundraising efforts, portfolio monitoring, and other special projects.

Northern Trust is one of the world’s largest asset management firms, with over $1.1 trillion in assets under management. The firm has 65 offices across the U.S. and 20 international locations. To-date, 50 South Capital has raised the majority of its funds from its existing client base, but also raises capital from investors outside of the organization. The team has extensive experience investing in the private equity industry and has been led by its founding partners since 2000.
KNOWLEDGE AND SKILLS:
  • Excellent oral and written communication skills
  • Strong interpersonal skills and the ability to build relationships with fund managers
  • Self-starter with the ability to initiate and oversee projects to completion
  • Strong analytical abilities complemented by an ability to read people and a high level of curiosity
  • Ability to work in a collegial, team-oriented environment
  • Ability to present in one-on-one settings and to larger groups
  • Ability to represent the group before investors, other LPs, fund managers, placement agents, and lawyers
  • Must be resourceful in identifying private equity managers and gathering proprietary information about them
  • General knowledge about the buyout industry, deal structures, and various players in the buyout market ecosystem
  • Knowledge of the direct deal process and the steps involved in making direct co-investments
  • Knowledge of and experience in using various valuation techniques.
 MAJOR DUTIES:
  • Identifying buyout fund managers in the U.S., Europe and Asia, meeting with them and building relationships in order to position 50 South Capital for investment; this potentially involves travel primarily within the US, and to European countries including the UK, Germany, France, Sweden, the Netherlands; and to Asian cities including Shanghai, Beijing, and Hong Kong
  • Analyzing potential fund investment opportunities, evaluating track records, strategies, and teams, and making a recommendation on whether to invest
  • Conducting general research in the private equity markets, identifying trends, and developing investment theses
  • Sourcing, evaluating and closing co-investment opportunities with fund managers
  • Meeting with fund managers and communicating thoughts to the private equity team
  • Compiling information on the existing fund portfolio and developing insights into fund performance
  • Attending annual investor meetings for underlying funds
  • Assisting with special projects as needed, such as writing industry white papers and compiling ad hoc reports
 EXPERIENCE
  • Undergraduate degree required, MBA highly preferred
  • 3-7 years of work experience, preferably in private equity, finance, lending, investment banking, or consulting; direct private equity experience a plus

Interested candidates can email their resumes to Brad Dorchinecz at [email protected]

 

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
312-241-1618