The Illinois Venture Capital Association advocates for a strong Illinois business climate for private investors in private companies by:

    • Promoting a pro-growth public policy platform


    • Facilitating member networking


    • Introducing underrepresented groups to the business of private company investing


    • Collaborating with organizations of mutual interest


In addition, IVCA works with entrepreneurial organizations in the Midwest to encourage a strong cycle of innovation and business creation leading to superior investment opportunities.

Awards Dinner

Active IVCA Members

IVCA members include an impressive array of investor firms and service providers - all leaders in their fields and the private equity community.  IVCA investor firms are engaged at all stages of private investment - from very early stage seed and venture investments through buyouts-in private companies.

IVCA Investor Member Firms include organizations engaged in all phases of private equity investment, from early stage through buyout stage.

  • 4490 Ventures
  • 5th Century Partners
  • 50 South Capital Advisors, LLC
  • 7wireVentures
  • Adams Street Partners, LLC
  • Agent Capital
  • Arbor Investments
  • ARCH Venture Partners
  • Avathon Capital
  • Baird Capital
  • Blue Venture Fund
  • BPOC
  • Buoyant Ventures
  • Chicago Pacific Founders
  • CORE Industrial Partners
  • Cressey & Company LP
  • Decasonic
  • Exposition Ventures
  • Financial Investments Corporation
  • First Analysis
  • Frontenac
  • Growth Catalyst Partners
  • H.I.G. WhiteHorse
  • High Street Capital
  • Hyde Park Angels
  • Hyde Park Venture Partners
  • Jump Capital
  • KB Partners, LLC
  • Kinzie Capital Partners
  • Linden Capital Partners
  • Listen Ventures
  • M25
  • Madison Dearborn Partners LLC
  • May River Capital, LLC
  • Mesirow Financial Private Equity
  • Method Capital
  • Mid Oaks Investments LLC
  • MK Capital
  • Moderne Ventures
  • Monroe Capital LLC
  • New Enterprise Associates
  • OceanM19
  • OCA Ventures
  • Origin Ventures
  • Paragon Biosciences
  • ParkerGale Capital
  • Patriot Capital
  • Periscope Equity
  • Plymouth Growth
  • PPM America Capital Partners, LLC
  • Prairie Capital
  • Pritzker Group Venture Capital
  • Pritzker Private Capital
  • Prospect Partners LLC
  • RCP Advisors LLC
  • Red Arts Capital
  • RiverGlade Capital
  • RoundTable Healthcare Partners
  • Runway Growth Capital
  • Sandbox Industries LLC
  • Shore Capital Partners
  • SSM Partners
  • Supply Change Capital
  • Svoboda Capital Partners
  • The Edgewater Funds
  • The Vistria Group
  • Thoma Bravo, LLC
  • Valor Equity Partners
  • Victory Park Capital
  • Water Street Healthcare Partners
  • Wind Point Partners
  • WP Global Partners
  • Wynnchurch Capital
  • Zebra Ventures

IVCA Service Provider Member Firms include the most experienced and recognized names in professional services. These IVCA members support venture capital and private equity firms.

  • 7 Layer Solutions Inc
  • Andersen
  • Baker Tilly US, LLP
  • CIBC Bank US
  • Cooley LLP
  • EY
  • Greenberg Traurig, LLP
  • HMB Legal Counsel
  • Houlihan Lokey
  • JP Morgan
  • Katten
  • Kirkland & Ellis LLP
  • KRD, Ltd.
  • Latham & Watkins LLP
  • Locke Lord LLP
  • Martin Partners
  • Mayer Brown LLP
  • McDermott Will & Emery LLP
  • Neal, Gerber & Eisenberg LLP
  • Northern Trust
  • Plante Moran
  • PricewaterhouseCoopers LLP
  • Ropes & Gray LLP
  • Sidley Austin LLP
  • Silicon Valley Bank
  • Simon Compliance LLC
  • SRS Acquiom
  • Stern Cassello & Associates, LLP
  • Thompson Flanagan & Co.
  • Valuation Research Corporation
  • Vedder Price P.C.
  • White & Case LLP
  • William Blair
  • Winston & Strawn LLP
  • Wintrust Commercial Bank

IVCA's Academic Members include universities and laboratories with business relevancy to the venture capital or private equity profession.

  • Heizer Center for Private Equity and Venture Capital, Kellogg School of Management, Northwestern University
  • University of Chicago Booth School of Business (Chicago Booth)
  • University of Illinois - College of Business / Office of the Vice President for Research

Honorary Members have been invited to enjoy the benefits of IVCA membership due to their long-term commitment to venture capital/private equity in the state of Illinois.

  • Chicago Teachers Pension Fund
  • Golder Investment Management
  • Illinois Municipal Retirement Fund
  • Illinois State Board of Investment
  • State Universities Retirement System
  • Teachers' Retirement System of Illinois

Meet the IVCA Board of Directors

IVCA Chairperson

Jim Macdonald
First Analysis

IVCA Vice-Chair

Phil Alphonse
The Vistria Group

IVCA Treasurer

Jeffrey Piper
Semper Fi Partners


Jim TenBroek
Growth Catalyst Partners


Rocco Martino

IVCA-PAC Vice-Chair

Tony Palcheck
Zebra Ventures

IVCA-PAC Vice Chair

Lee Mitchell
Thoma Bravo, LLC


Alex Abell, RCP Advisors
Joanna Arras, Baird Capital
Dave Crouch, Mid Oaks Investments
Rick Desai, Listen Ventures
Jeff Diehl, Adams Street Partners, LLC
Jason Felger, Jump Capital
Constance Freedman, Moderne Ventures
Chip Grace, May River Capital
Victor Gutwein, M25
Krista Hatcher, Chicago Pacific Founders
John Hennegan, Shore Capital Partners
Alyssa Jaffee, 7wireVentures
Stephen Jeschke, GTCR
Steve Kaplan, University of Chicago Booth School of Business (Chicago Booth)
Chris Killackey, Prairie Capital
Michael Langdon, Frontenac
Mark McDonnell, ARCH Venture Partners
Alex Meyer, Origin Ventures
Bob Morgan, 50 South Capital Advisors, LLC
Matt NortonMadison Dearborn Partners LLC
Troy Phillips, BPOC
Jennifer Steans, Financial Investments Corp
Shoshana Vernick, Avathon Capital
Ira Weiss, Hyde Park Venture Partners
John Yeager, H.I.G. Whitehorse
Christie Pruyn, IVCA Executive Director
Maura O'Hara, IVCA Advisor
Jim Dugan, OCA Ventures, Emeritus