IVCA Newsletter January 20, 2021

IVCA Newsletter



January 20, 2021

Association News

IVCA Feature: On Inauguration Day, Nine Online Articles on VC/PE/Business Potential Under a Joe Biden Administration

New Feature:  News You Can Use from our Professional Service Members - Insperity Business Resiliency Series: Understand the latest COVID relief stimulus program

Legislative News

IVCA Provides Updates for State Legislative Issues - 01.20.2021

IVCA Events

Coming soon!

Other Events of Interest

Coming soon!

Industry News

Patriot Capital supports Edgewater Capital Partners with the investment of Naprotek, LLC

Locke Lord Team Represents GAINSystems in Growth Investment from Francisco Partners

Ropes & Gray Advises ProSight Global on its Sale to TowerBrook Capital and Further Global Capital

Periscope Equity Invests in WPAS

KEEPS Corporation Completes a Minority Recapitalization Through a Significant Equity Investment From SSM Partners

Moderne Ventures' Constance Freedman Ranks 1 of 200 Most Powerful and Influential Executives and Leaders for 2021

Frontenac Enters the Botanicals Market with the Acquisition of Monterey Bay

CareMetx, General Atlantic and The Vistria Group Announce Strategic Growth Partnership

GTCR and Cole-Parmer Announce Acquisition of ZeptoMetrix

EQRx Launches with $200M Series A Financing; ARCH Venture Partners Participates

Ropes & Gray Advises Bain Capital Double Impact in its Investment in TeachTown

Medical Guardian Receives Growth Investment from Water Street

Thoma Bravo Advantage Announces Pricing of $900,000,000 Initial Public Offering

ProAmpac Announces New Investment from Pritzker Private Capital

Ropes & Gray Advises American Industrial Partners in its Acquisition of Domtar Corp.’s Personal Care Business

Unibloc Pump, A Leading Provider of Sanitary Flow Control Solutions, Acquired by May River Capital

Linden and Audax Invest in StatLab Medical Products

Baird Capital Invests in Jumpcode Genomics

Growth Catalyst Partners Acquires Equine Network and Forms New Company

Wynnchurch Capital Acquires Insulation Corporation of America

Southern Scripts Accelerates Expansion with Water Street

Ropes & Gray Represents Partners Group in its Acquisition of Careismatic Brands

Wynnchurch Capital-Backed Critical Process Systems Group Acquires Nuance Systems

Thoma Bravo-Funded Majesco Acquires ClaimVantage to Strengthen and Scale the L&A and Group Business

Bakkt, the Digital Asset Marketplace Launched by Intercontinental Exchange in 2018, to Become a Publicly Traded Company via Merger with VPC Impact Acquisition Holdings

Madison Dearborn-Backed Navisite Acquires Velocity Technology Solutions

Periscope Equity Port Co Power Digital Acquires Premiere Performance-Based Media and Social Creative Company, Social Method

Thoma Bravo Port Co, LogRhythm, Acquires Threat Detection Platform MistNet

Wind Point Partners Portfolio Company, Tropicale Foods, Acquires Paleteria La Michoacana

First Analysis portfolio company NimbeLink acquired by Airgain

Thoma Bravo-Backed Frontline Education has acquired Forecast5 Analytics

Pritzker Private Capital Port Co, ProAmpac, Acquires Rapid Action Packaging

Ropes & Gray Advises THL in its 50 Percent Sale of CSafe Global to Frazier Healthcare Partners

Citrix is acquiring Wrike from Vista for $2.25B

Cressey & Company Announces the Sale of StatLab

Monroe Capital Supports Altamont Capital Partners’ Acquisition of Specialized Packaging Group

Monroe Capital Supports Vivo Capital LLC’s Acquisition of Serán Bioscience, Inc.

Nori Welles-Gertz Promoted To Vice President at ParkerGale

Camille Farhat Joins Water Street Healthcare Partners

Thoma Bravo Announces the Promotion of A.J. Rohde to Senior Partner

Tim Kurth Promoted to Partner of High Street Capital

Ropes & Gray Represents Harvest Partners in its Majority Investment in Galway Insurance Holdings

Job Postings

Please view the details for each Job Posting 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.

January 2021

Investment Analyst - 7wireVentures

Role Summary:

We are seeking a Venture Capital Investment Analyst to join our team. This role is an invaluable opportunity to become immersed in the digital health ecosystem and various aspects of early-stage venture capital investing. The Analyst will gain exposure to key areas of investing including deal evaluation, deal execution, market analysis, partner meetings, strategic limited partner interaction, and portfolio company support. We are looking for candidates that have a strong appetite for venture capital, a deep interest in the U.S. healthcare system, and a passion for technology.


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.


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


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.


November 2020

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.

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