IVCA Newsletter November 24, 2021

IVCA Newsletter



November 24, 2021

Association News

IVCA members! Get your Awards Dinner individual tickets HERE!

IVCA Profile: Linda Darragh, Recipient of the 2021 Richard J. Daley Award at the upcoming IVCA Awards Dinner

IVCA Profile: Rocco Martino, Recipient of the 2021 Fellows Award at the upcoming IVCA Awards Dinner

IVCA Profile: Private Equity Portfolio Company of the Year at the upcoming 2021 IVCA Awards Dinner is Option Care Health

IVCA Profile: Venture Capital Portfolio Company of the Year at the upcoming 2021 IVCA Awards Dinner is Factor

Legislative News

IVCA Provides Updates for State Legislative Issues - 11/24/2021

IVCA Events

December 6, 2021 - IVCA Annual Awards Event

Other Events of Interest

None at this time

Industry News

Locke Lord Team Represented VC3 in Acquisition of ThinkGard

McDermott Represents Quad-C Management in its Investment in U.S. Endodontics Partners

Ropes & Gray Advises Cressey & Company Capital in its Investment in Trella Health

Sidley Represents Revision Goodier, a Portfolio Company of RoundTable Healthcare Partners, in Its Sale to Gryphon Investors

Cressey & Company Makes Significant Growth Investment in Trella Health

Heyday Announces $555 Million in Series C Funding to Expand Platform, Bolsters Leadership Team; Victory Park Capital Participates

RoundTable Healthcare Partners Establishes Everwell Health, a New Functional Ingredients Platform Serving the Consumer Healthcare Marke

Notabene raises $10.2M to help crypto exchanges comply with new global regulations; Jump Capital Co-Leads Investment

McDermott Represents Gemspring Capital Management in its Acquisition of AINS

Ropes & Gray Represents The Vistria Group in its Acquisition of BioCare

Sidley Represents Roundtable Healthcare Partners in Establishment of Everwell Health Holdings

Monroe Capital Supports Growth of Exiger Holdings, Inc.

Neon Labs Raises $40M to Bring EVM Functionality to Solana; Jump Capital Leads Funding

Frontenac Announces Majority Recapitalization of RCG Global Services

Cohesion raises $15M in Series A Round co-led by HPA and Morgan Stanley Next Level Fund

Ropes & Gray Represents Bain Capital Private Equity in Majority Investment in InnovaCare Health

Sidley Represents Pretium in Acquisition of Anchor Loans LP

Baird Capital Portfolio Company ‘Cala Health’ Raises $77M in Financing

Arbor Investments Announces Recapitalization of Food Ingredient Supplier, Dr. G’s Creations

Edgewater Acquires Bag Pack, Inc.

Baird Capital’s Venture Team Invests in Circonus

Ropes & Gray Advises GHO Capital Partners in Acquisition of Genesis Research

Sidley Represents Confluence in Acquisition of Compliance Solutions Strategies

HPVP Port Co VNDLY announces acquisition by Workday for $510M

Patriot Capital Supports Naprotek and Edgewater Capital’s Acquisition of SemiGen

Thoma Bravo Completes Acquisition of HCSS

Svoboda Capital Partners Announces Partnership with The Variable

Ropes & Gray Represents TSG Consumer Partners to Acquire Super Star Car Wash

Patriot Capital Supports Pure Wafer and Edgewater Capital’s Acquisition of Noel Technologies

Performing Arts Startup Stagetime Raises $1.5MM to Grow Its Network

EasyHealth Secures $100 Million Senior Secured Loan Commitment from Victory Park Capital

Pendo Announces $110 Million Secondary Investment Led by Thoma Bravo

Ropes & Gray Represents Bounteous in the acquisitions of Hathway and Lister Technologies

NewSpring Promotes Kristin Lee to Partner in Mezzanine Strategy

Reagan Institute Recommendations on Reinvigorating American Manufacturing; John May, May River Capital Serves on Task Force

Parkergale Capital Hires Ross Goffi as Chief Compliance Officer

7wireVentures Named to ChicagoInno’s 50 on Fire List

Ropes & Gray Represents GHO Capital in the Sale of its Stake in BioAgilytix

RiverGlade Capital Announces Sale of U.S. Oral Surgery Management

RoundTable Healthcare Partners Portfolio Company, Healthcare Components Group, Acquires Endoscopy Development Company

Boss Industries Acquires HIPPO Multipower

Wind Point Partners Port Co STG Logistics Acquires International Warehouse Services, Inc.

Wynnchurch Capital Port Co Foam Holdings Acquires Fabricated Packaging Materials

Ropes & Gray Represents Hearthside Food Solutions in Acquisition of the Bakery Business of Weston Foods

Ropes & Gray Advises Partners Group on the sale of Pacific Bells

Ropes & Gray Represents American Industrial Partners in Sale of AHF Products

Ropes & Gray Represents Charlesbank Capital Partners in its Acquisition of Empire Today

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.

November 2021:

7wireVentures - Director of Investor Relations

 As we continue to grow the 7wireVentures firm, most recently through our second $150M Connected Consumer Health Fund, we are continuously seeking opportunities to deepen our ecosystem-wide relationships with our Strategic Limited Partners, and our broader LP base. As such, we have kicked off a process for hiring a Director of Investor Relations!

Additional details on the role can be found HERE or our website HERE. If you’re interested in applying, please email your resume to Rachel Stillman at [email protected].

50 South Capital - Assistant Controller – Alternative Investments

The Alternatives Assistant Controller will be responsible for overseeing the day-to-day operations of our hedge fund and private equity fund of funds.  This role will be key part of the team to ensure the safety of client assets and that procedures are being followed.

50 South Capital was formed with the vision of building a team of experienced professionals while leveraging the network, reach, and resources of a global asset management firm. We believe that this will position us to generate attractive risk-adjusted performance and most importantly, to provide a boutique client experience that investors seek in a long-term partner. As of December 31, 2020 we have approximately $7.6 billion in assets under management and $2.9 billion in assets under advisement.

For position details, click HERE.

October 2021:

Origin Ventures:  CFO

Origin Ventures is hiring a Chief Financial Officer to join their executive team and to help them shape Origin Ventures' next phase of growth  Click HERE for information!

KRD - Accountants, Consultants, Advisors

KRD has openings at all levels in our tax, audit and client services departments.

Do you know someone looking for a great opportunity with an accounting, finance or data analytics background?  We have a spot for them!

Please share their resume with  our HR Director Christi Gillen or Al Kutchins.

September 2021:

Full Time Analyst, Director of Partnership Platform – ARCH Venture Partners

We are looking for a full-time analyst to join ARCH Venture Partners (Chicago HQ). This analyst will play a central role in a high-visibility internal project, connecting corporate venture partners and tech scouts with cutting-edge research.

Our ideal candidate is self-directed, detail-oriented, and comfortable exercising initiative and operating with minimal guidance. Candidates must be excited about cutting-edge scientific technologies and comfortable going deep in a wide range of scientific domains.

This role is ideal for a high-performing person who is early in their career and wants to learn about the commercialization of science, corporate technology scouting, and venture capital.

Get information here!

 Analyst - NewSpring Capital

NewSpring Capital is looking for an analyst to support its Mezzanine strategy. In this position, you will play a critical role on our team of investment professionals who help to source new deals and manage our existing portfolio companies. You will provide support throughout the investment process and be involved in all aspects of the investment lifecycle including sourcing, underwriting and execution, monitoring and exiting.

Get all the details here!

August 2021

Nonprofit with venture capital model seeking new board members

A Better Chicago, a nonprofit venture philanthropy that aims to change how Chicago fights poverty, is seeking additional Board and Leadership Council members to provide strategic guidance, oversight, and support to the organization. A Better Chicago leverages a venture capital approach by investing in only the most promising and bold ideas that provide impactful, scalable opportunities for youth living in the city’s most vulnerable communities. Since 2010, A Better Chicago has raised more than $55 million to invest in its diversified portfolio of nonprofit organizations and to support over 100 capacity-building projects—ranging from strategic planning to leadership development—to strengthen the organizational capacity of its grantees. In total, A Better Chicago’s portfolio serves over 43,000 youth annually in the Chicago area.
Joining A Better Chicago’s Board of Directors or Leadership Council provides an unparalleled opportunity to impact Chicago while engaging in a community of like-minded leaders. The Board of Directors and Leadership Council are comprised of ambitious and experienced leaders from the public and private sectors who help shape the organization’s vision and strategy, interact with our community, and have access to exclusive, one-of-a-kind events. All Board and Leadership Council members share the organization’s values and are deeply committed to the mission of fighting poverty with opportunity. To learn more, please contact: Beth Swanson, Chief Executive Officer ([email protected]) or Becky Betts, Chief Marketing and External Affairs Officer ([email protected]) or visit abetterchicago.org.

July 2021

Two (2) Early Career Investors - Hyde Park Venture Partners

Hyde Park Venture Partners is hiring two early-career investment team members in Chicago, and are flexible across levels of experience from Analyst (less than 3 years’ prior relevant experience) to Associate (3–6 years prior relevant experience).

Get all the information HERE!

June 2021

Director of Communications - 7wireVentures

After closing our recent $150M Connected Consumer Health Fund, we are we are looking to expand our team to accelerate the growth of our firm’s brand and support our expanding portfolio. We are thrilled to announce that we are officially kicking off our search for a Director of Communications!

Role Summary:
7wireVentures (“7wire”) is seeking a Director of Communications to join our team. This role is an invaluable opportunity to become immersed in the digital health ecosystem, support entrepreneurs with mission-critical initiatives, and build the 7wireVentures brand. The Director of Communications will be a critical team member that drives the promotion of the unique 7wireVentures hands-on operational support model and ensures that the portfolio is highlighted in the market. This opportunity is about contributing to and leveraging the fund’s thought leadership and events, as well as spearheading community-building and outreach efforts to help promote the firm. We are looking for candidates that have a passion for entrepreneurship, strong oral and written communication skills, experience in marketing and communications, and an interest in improving the U.S. healthcare system.
Please note, this is not an investment position.
For complete information, please click HERE!


Illinois Venture Capital Association
Please mail all correspondence to: 27 N. Wacker Drive, #405, Chicago, IL 60606