IVCA Newsletter February 17, 2021

IVCA Newsletter

 

 

February 17, 2021

Association News

IVCA Profile: John Flavin, Founder & CEO of Portal Innovations, on Life Science and Biotech Initiatives

Here for you: IVCA Member Professional Advisors


Legislative News

IVCA Provides Updates for State Legislative Issues - 02.17.2021


IVCA Events

Events are being added to our schedule.  Stay tuned for updates!

February 25, 2021 - IVCA and the Chicago Finance Exchange Present a Virtual Event: How Private Company Investors Leverage Networks and Operating Talent to Drive Exponential Growth

December 6, 2021 - IVCA Annual Awards Event


Other Events of Interest

February 10, 17 & 24 - Chicago Impact Investing Showcase 2021

March 5, 2021 - BPOC Private Equity Conference

April 26-27, 2021 - TMA MidAmerican Regional Conference (MARC)

April 27-28, 2021 – 2021 Midwest Venture Showcase

May 26-27, 2021 -- 22nd ACG Chicago Midwest Capital Connection

Sept. 2021 - Chicago Venture Summit - specific dates have not been set at this time

September 23, 2021 - 14th Annual Momentum Awards


Industry News

Melissa Mounce Mithal Recognized as One of the Top 25 Most Influential Women in Mid-Market M&A

Kinzie’s Suzanne Yoon Named to 2021 Top 25 Most Influential Women in Mid-Market M&A

Pritzker Private Capital Launches PPC University

Wind Point Partners Raises $1.5 Billion For Fund IX

Frontenac Completes Majority Investment in Organic Fruit Spreads Manufacturer, Crofter’s

Ropes & Gray Advises US Acute Care Solutions in Buy Out of Minority Partner Welsh, Carson, Anderson & Stowe

Victory Park Capital Expands eSME Strategy with Credit Facility to Cap Hill Brands

Edgewater Acquires Ace Sanitary, Inc.

Shore Capital Partners Announces Founding of Together Women’s Health

Ropes & Gray Advises Cinven in Drake Software Investment

Tovala Raises $30M Series C on Appetizing Growth

Ocient raises $40M, looks to double headcount

Rheaply Raises $8M to Scale the Circular Economy and Enable Businesses to Take Action Against Climate Change

Sana snags $587.5M IPO to catapult cell therapies into the clinic

Ropes & Gray Advises Silver Lake and Weld North in Connection with Investment by Onex in Weld North Education

Periscope Equity Portfolio Company IBH Acquires HMC Healthworks and Raises Bar for Population Health

The Bottom Line: NewSpring Exits North Atlantic Ship Repair

High Street Capital Exits Avomeen

Baird Capital Sells Collingwood Lighting

Frontenac-Backed MCE Acquires Swanson Flo

Ropes & Gray Advises Aquiline Capital Partners in its Investment in National Medical Billing Services

The Wheel Group Acquires Tuff Stuff Overland

Growth Catalyst Partners Supports The Equine Network’s Acquisition of Spalding Laboratories

Encodia Closes $75M Series C Financing Led by Northpond Ventures and Deerfield Management

Thoma Bravo -Owned Quorum Software and Aucerna to Merge and Acquire TietoEVRY's Oil and Gas Software Business

Ropes & Gray Represents American Industrial Partners-Backed Company in Potential Sale of Gerber Technology


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.

 

February 2021

Director of Marketing - Hyde Park Venture Partners

Hyde Park Ventures is looking for a passionate, outgoing, and talented individual embedded within the local Chicago entrepreneurial community. This role will facilitate information sharing between Hyde Park Ventures portfolio companies, spearhead community-building & outreach efforts, and help promote our firm.
As the Director of Marketing, you will be responsible for building the brand of our fund across all of our markets. You will also be catalyzing meaningful relationships across our portfolio companies, creating and curating helpful resources for our founding teams, and leading our communications and events.
This position offers exposure to some of the smartest and most accomplished entrepreneurs and startups across the nation in a fast-paced environment with the freedom to create meaningful impact at the leading venture capital firm in the mid-continent.

 For complete information please Click Here.

Head of Talent - Hyde Park Venture Partners

We are seeking an experienced talent professional for our Head of Talent role who will develop and lead our new Portfolio Talent function.

For complete information, please Click Here.

 

Operating Platform Intern - Jump Capital

The Role

Jump Capital is looking for an entrepreneurial-minded intern to join our operating platform. Jump’s operating team works with portfolio companies to accelerate their growth and position them for long-term successes. We’re a group of operators ourselves and closely partner with founders in four core areas: talent, go-to-market, strategic finance and corporate development.

The internship will be primarily focused on projects that further extend the scalability and relevance of the platform offering. However, there will likely be opportunities to directly engage with and support portfolio company projects. Our internships also have visibility to all aspects of investing activities, from ideation in markets to our investment process and post-investment engagement.

 

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

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.

 

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
312-241-1618