RESOURCES
Job Postings
Description Title
Title: Investment Analyst / Associate
Location: Chicago, IL (in-office)
Start date: Immediate, with flexibility for the right candidate
Pritzker Alternative Strategies LP (“PAS”) is the Tony Pritzker family-backed provider of family capital to select U.S. and European lower-middle-market private equity funds, with a bias toward emerging managers raising Funds I through III. PAS invests through fund commitments and Alpha Products, including co-investments, continuation vehicles, independent sponsor transactions, GP staking, and LP secondaries, across the technology, services, manufacturing, and healthcare sectors.
Founded in 2024 by Tony Pritzker and Paul Carbone, PAS invests Tony Pritzker’s capital alongside that of select family offices. Uncommonly for a limited partner, the PAS team has sat on both sides of the table, pairing general partner operating experience with limited partner underwriting discipline, and is supported by four Senior Advisors who have spent their careers investing family capital.
PAS is looking for an Investment Analyst or Associate to join its Chicago investment team, currently comprised of the Co-Founder & President, one Principal, and two Senior Associates, with an immediate start and flexibility for the right candidate. Title and level will be set based on experience. This is a two-year role with potential for a long-term career track based on performance.
The Analyst / Associate will work closely with every member of the PAS team, and with the firm’s Senior Advisors and family investors. PAS reviews several hundred investment opportunities each year and approves fewer than 3% of what it vets, so the exposure spans a variety of sectors, strategies, and business models. The work covers three things: (i) underwriting new fund commitments and Alpha Products, from first screen through investment committee; (ii) monitoring the existing portfolio, its managers, and their underlying companies; and (iii) building the firm’s data, technology, and reporting infrastructure. The hire also supports the team members who lead fundraising and investor relations. PAS is a small team by design, so the Analyst / Associate will play a significant role across many different functions and workflows, presenting work to the investment committee rather than handing it up the chain.
Qualified candidates are encouraged to submit a resume and cover letter to recruiting@pritzker-pas.com. The cover letter matters to us: tell us why you are interested in and a good fit for this role, and what you find interesting about private equity or about a manager or business you have looked at and formed a view on.
Please note the location of the position is in Chicago. Regular and predictable onsite job attendance is a requirement for the role.
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa for this position at this time.
PAS offers a competitive compensation package including base salary, a discretionary annual bonus, health, dental and vision coverage, and a 401(k) plan. PAS is an equal opportunity employer; all employment decisions are based on business need, job requirements, and individual qualifications.
For PDF with full detail, please click HERE
Description Title
50 South Capital (www.50southcapital.com) is the private equity investment group within Northern Trust. 50 South Capital’s private equity group makes primary, secondary, and direct co-investments in buyout and venture capital funds and companies in the U.S., Europe and Asia. The group also manages a private credit fund. The team has extensive experience investing in the industry and has been led by its founding partners since 2000. It oversees over $19 billion in assets and is experiencing rapid growth.
The individual in the two year Analyst position will participate in all of the group’s investment and portfolio management activities. This will include screening investment opportunities; meeting fund management teams; completing due diligence, including valuations and modeling; building investment committee decks; participating in various portfolio monitoring tasks and data analysis projects; and related initiatives.
For more detail, click HERE!
Location requirements
• Onsite location
• Chicago, Illinois, United States
Expected pay
• 90,000–110,000 USD per year
If interested, please email a copy of your resume to: polly.roth@50southcapital.ntrs.com
Description:
NGP is seeking a Senior Analyst, Investments to evaluate investment opportunities and support transaction execution and portfolio company initiatives. Working as part of small transaction teams, you'll take on meaningful ownership of financial modeling, due diligence, and investment materials — synthesizing complex information into clear insights that inform the firm's investment decisions.
This is an opportunity to develop as an investor alongside accomplished entrepreneurs, principals, and investors across a variety of industries, in a fast-moving, entrepreneurial environment.
What You'll Do
• Evaluate prospective investments through financial, commercial, and operational analysis; build acquisition and operating models and run valuation and return analyses.
• Own discrete due diligence workstreams and help prepare investment memoranda and deal materials.
• Support transaction structuring, negotiations, and closing activities.
• Support portfolio companies with budgeting, performance analysis, and add-on acquisition due diligence.
• Contribute to a collaborative, high-performing team.
What We're Looking For
• 2-4 years of experience in investment banking, private equity, transaction advisory, corporate development, management consulting, or a similar analytical role.
• Bachelor's degree in finance, accounting, economics, business, or a related field.
• Strong corporate finance, valuation, and M&A knowledge, with hands-on acquisition modeling experience.
• Direct experience supporting at least two transactions from evaluation through closing.
• Excellent written and verbal communication skills and strong Excel/PowerPoint proficiency.
• Chicago-based or willing to relocate; this is an in-office role.
Nice to Have
• Experience with lower-middle market transactions and/or proprietary deal sourcing.
• Exposure to founder-led businesses or portfolio company initiatives.
• Strong business judgment and intellectual curiosity.
Link to apply: https://grnh.se/xifh5s3n3us
Decasonic is the venture and digital assets fund building Web3 and AI innovation. We draw on our decades of experience as both tech investors and operators to help founders accelerate product market fit and scale growth in blockchain and AI.
Job Description
Implementing AI-native workflows across the investment team to enhance deal sourcing, research, due diligence, and execution
Designing and deploying internal LLM tools that improve investment decision-making and streamline firm-wide execution
Supporting development of our databases and knowledge repositories to capture and scale proprietary insights for AI workflows
Partnering with investment, data and operations teams to build real-time dashboards tracking token milestones, deal pipeline, and portfolio health
Deploying AI-enabled processes to automate portfolio reporting, OKR tracking, and internal communications
Monitoring emerging AI and blockchain infrastructure trends for use in investment research and founder advisory
Supporting Web3 x AI portfolio companies with GPT prompt libraries, agentic workflows, and AI-native product features
Collaborating with marketing to scale content production and digital presence through AI-assisted tooling
Click HERE to see full posting.
Please contact Rizza@decasonic.com
Sr. Accountant
We are seeking a detail-oriented and experienced Senior Accountant to join our small, entrepreneurial finance team. This individual contributor role is ideal for someone who thrives in a fast-paced venture environment, is highly skilled in Excel and GAAP, and can work independently with minimal supervision. The Senior Accountant will manage day-to-day accounting, prepare quarterly financials for internal funds, support corporate and fund reporting, and ensure accuracy and compliance across financial records, audits, valuations, and tax matters.
This role also offers significant growth potential, with the opportunity to expand responsibilities across fund management, investor reporting, and financial strategy as the firm continues to scale. Candidates who bring curiosity about leveraging AI tools in accounting and finance will be especially well positioned to grow with the team.
Click HERE to see full posting
IVCA Newsletters
About Investing in Private Companies
Venture Capital
Venture capital fuels innovation by investing in early- and growth-stage companies with high potential. In Illinois, venture capital plays a critical role in supporting entrepreneurs as they develop new technologies, build businesses, and bring ideas to market.
Beyond capital, venture capital firms provide strategic guidance, industry expertise, and access to networks that help companies scale. These partnerships accelerate growth, attract additional investment, and strengthen the broader innovation ecosystem.

From fintech and healthcare to enterprise technology and consumer products, venture capital-backed companies are helping position Illinois as a leading hub for entrepreneurship and innovation.
Private Equity
Private equity firms invest in established companies to support growth, operational improvement, and ownership transitions. In Illinois, private equity plays a vital role in strengthening the state’s middle-market businesses and broader economy.
IVCA members partner closely with management teams to provide not only capital, but also strategic guidance, operational expertise, and access to valuable industry networks. These partnerships help companies expand into new markets, invest in new capabilities, pursue acquisitions, and improve overall performance.
Private equity is often used to facilitate leadership transitions, carve out business units, or position companies for long-term growth. These investments can provide stability during periods of change while unlocking new opportunities for innovation and expansion.

Across industries ranging from manufacturing and healthcare to business services, consumer, and technology, private equity-backed companies are driving job creation, strengthening competitiveness, and generating long-term economic value throughout Illinois.
Private Equity Impact in Illinois
Private equity is a major force in Illinois’ economy, and IVCA members are at the center of that impact.
Since 2000, IVCA member firms have backed more than 900 Illinois-headquartered companies, supporting over 370,000 jobs across the state. These companies have collectively raised more than $129 billion in capital, fueling business expansion, innovation, and long-term growth.
Illinois has become a leading hub for private investment, now ranking among the top states nationally for private equity activity. In 2022 alone, companies in Illinois received more than $66 billion in private equity investment across hundreds of businesses, demonstrating the scale and momentum of the industry.
Beyond capital, private equity drives meaningful economic impact. IVCA members support job creation, strengthen middle-market companies, and generate returns for institutional investors such as pension funds, universities, and foundations which help fund retirement, education, and research.

Together, IVCA members and their portfolio companies play a critical role in building a dynamic, competitive economy and positioning Illinois as a leading destination for investment and growth.
Research / White Papers
Lockton - Insurance
Following IVCA’s recent insurance webinars on April 4 and April 11, 2026, Lockton has shared an insurance market intelligence resource for IVCA members at:
BDO US LLP - Accounting, Tax, Advisory
BDO Private Equity Perspectives podcast- March 13, 2026
Lessons Learned, Exits Reimagined: PE's 2026 Playbook - Part B
BDO Private Equity Perspectives podcast- May 18, 2026
Beyond the Build: AI Infrastructure, Exit Readiness, and What's Next - Part B
Andersen - Tax advisory, valuation and financial consulting
In today’s deal environment, most private equity investors are well-versed in identifying financial, tax, and legal risks—but unclaimed property often remains a blind spot. Unclaimed property generally refers to intangible assets – such as unclaimed checks, customer credits, or unredeemed gift cards – that a company holds on behalf of others and is required by state law to report and remit after a defined period of inactivity. Because unclaimed property represents a significant and recurring source of state revenue – and is often governed by strict record-keeping and reporting rules – states have made enforcement a priority. As a result, unclaimed property routinely attracts aggressive audits and inquiries, and overlooked exposures tied to ordinary balance‑sheet items can emerge late in a transaction, materially affecting purchase price, indemnities, and post‑close obligations for both buyers and sellers.
This article highlights why unclaimed property poses frequent and often underestimated transaction risk. It summarizes the legal framework and enforcement environment driving state scrutiny, explains how unclaimed property liabilities arise and transfer in M&A transactions, and outlines practical diligence and mitigation strategies for buyers and sellers to manage exposure and avoid deal‑stage surprises.
Read the full article HERE!
Venture Capital Definitions
Early Stage Financing
Expansion/Growth Stage
Acquisition/Buyout
Seed Stage Financing
At this stage, a relatively small amount of capital is made available in order to support an investor or entrepreneur in proving a concept and qualifying for start-up capital. This may involve product development and market research as well as building a management team and developing a business plan if the initial steps are successful. Seed stage financing is pre-marketing stage.
Start-up Financing
This stage involves financing companies that are completing development, and may include initial marketing efforts. Companies may be in the process of organizing or may have been in business for one year or less, but have not sold their products commercially. Usually, such firms will have conducted market studies, assembled key management, developed a business plan, and prepared to begin conducting business.
Other Early Stage Financing
Other early stage financing includes an increase in valuation, total size, and per-share price for companies whose products are either in development or commercially unavailable. This stage involves the first round of financing following a company's start-up phase and involves an institutional venture capital fund. Seed and start-up financing tend to involve angel investors more than institutional investors. The networking capabilities of the venture capitalist are used more here than in advanced stages.
Expansion/Growth Stage Financing
This stage involves working capital for the initial expansion of a company that is producing, shipping, and has growing accounts receivable and inventories. It may or may not be showing a profit. Some of the uses of capital may include further plant expansion, marketing, working capital, or development of an improved product. More institutional investors are likely to be included along with investors from previous rounds. The venture capitalist's role in this stage evolves from a supportive role to a more strategic role.
Later Stage
Capital in this stage is provided for companies that have reached a fairly stable growth rate, that is, they are no longer growing as fast as the rates attained in the expansion stages. Again, these companies may or may not be profitable, but are more likely to be than in previous stages, and their financial characteristics include positive cash flow.
Bridge Financing
This stage applies to a company that plans to go public within six months to a year. Often, bridge financing is structured so that it can be repaid from the proceeds of a public underwriting. It can also involve restructuring of major stockholder positions through secondary transactions. Restructuring is undertaken if there are early investors who want to reduce or liquidate their positions, or if management has changed and the stockholdings of the former management, their relatives, and associates are bought out to relieve a potential oversupply when public.
Acquisition Financing
This stage provides funds to finance acquiring another company. Included in this category would be mezzanine financing using subordinated debt and bridge loans used to finance LBOs, acquisitions, and recapitalizations.
Management/Leveraged Buyout
These funds enable an operating management group to acquire a product line of a public or private company at any stage of development. Often, these companies are closely held and family owned. Management/leveraged buyouts usually involve revitalizing an operation, with entrepreneurial management acquiring a significant equity interest.
Turnaround
This stage involves financing provided to a company with the intention of improving performance at a time of operational or financial difficulty. This stage includes financing that involves restructuring equity.
Source: Thomson Venture Economics
Case Studies
The IVCA Private Equity Profiles is a continuing series of portraits of Illinois venture capital and private equity investments, spotlights companies that are emerging or proven successes. Each account furnishes information about the company and the private equity firm or firms that invested in it, illuminating the important role they play in nurturing the companies. To submit a case study for a Midwest company backed by an IVCA member firm download this form.