Association News IVCA Feature: Profiles of the 2026 IVCA Scholars Participants, Part One Hello VE and PE Investor Finance Professionals! It’s time to register for the 2026 IVCA CFO Summit! IVCA Foundation News 2026 IVCA Invitational Brings Together Illinois's Investment Community Legislative News IVCA Provides Updates for State Legislative Issues 07/22/2026 - IVCA Targeted Bills Await Signature IVCA Provides Updates for State Legislative issues 07/22/26 - One Forced resignation, One Indictment = Long Week for House Dems IVCA Events October 22, 2026 - IVCA CFO Summit December 7, 2026 - IVCA Awards Dinner - SAVE THE DATE! Other Events of Interest July 20 - 26, 2026 - TECHICAGO Week 2026 September 17, 2026 - McDermott's Chicago Private Equity Bootcamp - SAVE THE DATE! Industry News Early bird registration open until July 31 for Cohort 23 of VC University Wynnchurch Capital Announces $1.6 Billion Sale of FloWorks to Ferguson Enterprises GTCR Announces Divestiture of Corza Medical’s Biosurgery Business Unit to EQT Monroe Capital and AIP Capital Successfully Close Inaugural $643.0 Million Aircraft Asset-Backed Securitization HPA Announces Acquisition of Portfolio Company Moonnox by Certinia Shore Capital Partners Announces Sale of Shore Capital Real Estate Partners Fund I Portfolio to Four Corners Property Trust Linden Capital Partners and Audax Private Equity Agree to Sell StatLab Medical Products to Leica Biosystems HPA Backs AI-Native Cardiovascular Platform Revolutionizing Heart Care Delivery Empirical Security Raises $25M Series A for Next Generation Vulnerability Management Runway Growth Capital Names Carmela Thomson CFO, Tom Raterman to Vice Chairman Frontenac Port Co CROM Expands Texas Presence with Acquisition of Dobbs Coating Systems Benford Capital Port Co Nutrition Service Company Acquires Seymour Flour Mill Water Street Port Co MedSpeed Joins Forces with Am-Tran Benford Port Co Heritage Pasta Group Acquires Primavera Foods Frontenac Port Co Dealer Services Network Acquires GG&D Motor Vehicle Services Professional Advisor News Ropes & Gray Advised General Atlantic, The Vistria Group, and PANTHERx Rare in Sale to Warburg Pincus-Led Investor Group Troutman Pepper Locke Represents Pelican Energy Partners in Acquisition of Veridiam Sidley Represents Olympus Power in Formation of Winslow Power Joint Venture and Acquisition of Generating Assets Understanding Take-Private Transactions: A Guide for Private Equity Firms - BDO Ropes & Gray Advised B Capital in Investor Group Acquisition of Russell Investments Troutman Pepper Locke Represents Microporous in Financing for Virginia Battery Separator Facility Sidley Advises EMZ Partners on Minority Investment in Steinbach & Vollmann Tax Leaders at PE-Backed Portfolio Companies Pursue Growth Amid New Tax Complexity - Key Findings from the 2026 BDO Tax Strategist Survey Ropes & Gray Advised ABC Company on the Structuring of an Innovative Scrip Dividend What PE Practitioners Need to Know About New Del. ABC Act Sidley Represents Clara Vista in Acquisition of Stake in Frosinone Calcio Private Equity Value Creation Starts With People - BDO Ropes & Gray Advised Thrive Pet Healthcare in Sale of VitalRADS to Zoetis Delaware Court of Chancery Addresses Cram-Down Financing and Fiduciary Duties in Challenge to Dilutive Preferred Stock Round Sidley Advises Fortitude Re in US$3.8 Billion Reinsurance Transaction with Unum Ropes & Gray Represents CCMP Capital Advisors and BGIS in Acquisition of BGIS by Veritas Capital SEC Seeks Public Comment on Novel Exchange-Traded Funds Sidley Represents U.S. TelePacific Holdings in Connection with Restructuring Ropes & Gray Advised Audax Private Equity in Agreement to Sell StatLab Medical Products Sidley Represents Lenders on Spearmint Energy’s US$325 Million Financing Ropes & Gray Represents Lyric in Acquisition of Concert to Advance Healthcare Decision Intelligence Ropes & Gray Achieves High Rankings in Mergermarket's Global M&A and Private Equity League Tables for 1H 2026 Job Postings Please view the full 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. Hyde Park Angels - HPA Venture Operations Manager NextGen Growth Partners – Director, BD Decasonic – AI Operations Manager TechNexus Venture Collaborative – Sr. Accountant

Each year, the Illinois Venture Capital Association honors the individuals, firms, and portfolio companies whose leadership, innovation, and investment success are strengthening Illinois' venture capital and private equity ecosystem. We are pleased to announce that nominations are now open for the 2026 IVCA Awards Program . We encourage IVCA members, portfolio company executives, industry partners, and community leaders to nominate deserving candidates across six award categories: Stanley C. Golder Award Recognizes an individual who has made profound and lasting contributions to Illinois' private equity ecosystem through leadership, investment excellence, and service to the industry. Richard J. Daley Award Honors an individual who has provided extraordinary support to the State of Illinois through advocacy or participation in the venture capital and private equity industry. Stephen S. Beitler Award Recognizes outstanding contributions to the venture capital and private equity profession and to the IVCA, advancing the association's mission to advocate, educate, and promote the industry in Illinois. Rising Star Award Celebrates an emerging Illinois-based private equity or venture capital firm managing its first, second, or third fund and demonstrating exceptional promise, leadership, innovation, and impact. Venture Capital Portfolio Company of the Year Recognizes an outstanding venture-backed company that has demonstrated exceptional growth, innovation, and business success. Private Equity Portfolio Company of the Year Honors a private equity-backed company that has achieved significant growth, operational excellence, and value creation. Nomination Deadline: September 30, 2026 Submission Email: Kathy Pyne at kpyne@illinoisvc.org Award recipients will be recognized at the 2026 IVCA Awards Dinner , on December 7 th celebrating the leaders and organizations shaping the future of venture capital and private equity in Illinois. View award criteria and download nomination forms on the IVCA website.  We encourage you to submit a nomination and help us recognize the best of Illinois' investment community.

SPEAKER UNDER FIRE The wake from why and how a former member of the Illinois General Assembly was ousted from the legislature is crashing into the offices of the House Speaker:  Crain’s … Gov. JB Pritzker and Chicago Mayor Brandon Johnson both declined today to say whether House Speaker Emanuel “Chris” Welch should remain in his leadership post as pressure mounts over the handling of sexual-harassment allegations against former state Rep. Harry Benton. A Legislative Inspector General’s report released last week found allegations against Benton were raised nearly two years before a formal investigation began, prompting questions about whether Welch fulfilled his responsibilities as speaker and whether he should continue in the role. […] Pritzker stopped short of detailing what those reforms should look like but said victims of sexual harassment “ought to have process that is clear, and that investigates and holds accountable people who are guilty of perpetrating these acts.” Johnson also sidestepped questions about Welch’s future, saying he trusts the speaker will “do what’s right for his constituents in the state of Illinois.” Benton’s replacement in the legislature is Rep. Jessica Dixon Heitman, the granddaughter of former U.S. Senator Alan J. Dixon. Meanwhile the Illinois House is also considering how to handle the federal indictment of a colleague: * Center Square | Indicted Ammons won’t seek delay of House investigation : One lawyer for the Carol Ammons, Mutaquee Akbar, previously told The Center Square the counsel was looking into delaying the scheduled House proceedings. […] Akbar told The Center Square on Tuesday they no longer intend to delay the House investigation. The team hadn’t decided if the lawmaker or her counsel would be present at committee hearings – a right of the representative under House rules. RACE FOR MAYOR * Block Club | The Chicago Mayor’s Race Is Heating Up : Several established political names have announced their candidacies for mayor, including outgoing Illinois Comptroller Susana Mendoza, current Illinois Secretary of State Alexi Giannoulias, North Side U.S. Rep. Mike Quigley and George Cardenas, former Chicago alderman and current Cook County Board of Review commissioner.

Join us for the 2026 IVCA CFO Summit! Join us on : Thursday, October 22, 2026 8:00am - 5:00pm Join us at: Our new location with our Host Sponsor, Northern Trust at: Northern Trust Building 6th Floor - Assembly Room 50 South LaSalle Street Chicago, IL 60603 Join us by: Registering! IVCA Members: Registration is FREE! Log in at www.illinoisvc.org to register, or email Kathy Pyne at kpyne@illinoisvc.org to confirm your attendance. Non-Members: Registration is $795. Please contact Kathy Pyne at kpyne@illinoisvc.org and indicate whether you would like to: Receive an invoice for payment by check or ACH Pay by credit card (note: a 3-4.5% processing fee applies to credit card payments) Join us thanks to: Our Presenting Sponsor: EY and Our Hosting Sponsor : Northern Trust

All through the summer of 2026 the IVCA Scholar Program has been up and running with a dozen participants in a diverse and multi-college/university force. The IVCA reached out to the Scholars, to get an idea of their experiences, interactions with firm sponsors and possible future within the Venture Capital/Private Equity industries. The 2026 IVCA Scholar Program provides undergraduate students, – primarily from underrepresented communities – experience that could lead a possible career in the Venture Capital/Private Equity industries. The 10-week program is a deep dive, and upon completion the students will receive a $10,000 scholarship. The Investor firms hosting this week’s group of 2026 Scholars are The Vistria Group, Victory Park Capital, Growth Catalyst Partners, Prairie Capital, OCA Ventures and Frontenac. The following three questions were asked of all the Scholars. This is Part Two of the series. Part One can be accessed by clicking here. ALISSIA ANGHEL… School: University of Michigan, Firm: The Vistria Group IVCA: What was your goal in initially applying to the IVCA Scholars program, and how does it connect to your academic interests? Anghel : I applied to the IVCA Scholars program because I wanted to better understand what it truly means to be an investor. At Michigan, I've developed a holistic foundation through my BBA degree, but I wanted an opportunity to apply that foundation in a more hands-on setting. The IVCA program gave me the chance to move beyond the classroom and see how investors actually evaluate businesses, identify market trends, and think about creating value. It was exactly the type of experience I was looking for because it allowed me to bridge the gap between what I was learning in the classroom and what investing actually looks like in practice. IVCA: What have you learned or experienced at your host firm that expanded your understanding of the Private Equity or Venture Capital industry? Anghel : My experience at Vistria completely changed the way I think about investing. Working with the Knowledge and Learning Solutions team allowed me to learn not just what makes a good investment, but the process behind becoming a thematic investor. I was able to see how investment themes are developed, how investors identify long-term industry trends, and then evaluate businesses that fit within that thesis. I also learned that being a successful investor means being a good partner. Whether it was working with management teams, collaborating with my own team, or supporting portfolio companies after an investment, I saw how much value comes from building strong partnerships. That was something I hadn't really thought about before this summer, and it's one of the biggest lessons I'll take with me moving forward. IVCA: How has this experience shaped your thinking about your future, whether in terms of career goals or what you want to focus on when you are back at school? Anghel : This experience reinforced my interest in pursuing a career in middle-market investing and confirmed that it's the type of work I want to continue exploring. What excites me most is that learning to think like an investor also means becoming a lifelong learner. Every company, industry, and investment opportunity presents a new challenge, and I enjoy the opportunity to continuously learn, ask better questions, and broaden my perspective. As I head back to Michigan, I'm excited to build on everything I learned this summer through my coursework and student organizations like Girls Into Venture Capital while staying connected to Chicago's investing ecosystem through IVCA. I look forward to continuing the relationships I built with my fellow 2026 Scholars and the professionals I met throughout the program, and I hope to give back as an alum by helping future scholars experience the same opportunities that had such a meaningful impact on me. NADIA ARIF … School: University of Illinois Urbana-Champaign, Firm: Victory Park Capital IVCA: What was your goal in initially applying to the IVCA Scholars program, and how does it connect to your academic interests? Arif : My goal in applying to the IVCA Scholars program was to gain exposure to the world of finance outside the classroom, while connecting with both fellow scholars and industry professionals. The program has tied in closely with my academic interests as a finance major at UIUC. On campus, I've mostly been exposed to the sell-side of finance, so this opportunity has been invaluable for learning about the buy-side and broadening my overall understanding of the industry. It's also been amazing to meet so many great people through the weekly firm visits. IVCA: What have you learned or experienced at your host firm that expanded your understanding of the Private Equity or Venture Capital industry? Arif : While my host firm is private credit focused, everyone at VPC has been an incredible resource in helping me learn. This experience has introduced me to the niche world of asset-backed finance and taught me to think from a creditor's perspective. The IVCA firm visits, meanwhile, have continually exposed me to the PE and VC space, and it's been fascinating to see the unique strategies these firms use and the meaningful ways they contribute to our economy. IVCA: How has this experience shaped your thinking about your future, whether in terms of career goals or what you want to focus on when you are back at school? Arif : This experience has given me a valuable network and a much clearer sense of direction for my future career. Before this program, I knew very little about private credit, now I'm seriously considering it as a path alongside Private Equity, Venture Capital, or Fund-of-Funds, a shift that came directly from the firm visits and access to industry professionals that IVCA provided. This opportunity has also given me valuable context and perspective as I prepare for my next summer internship in investment banking at FT Partners. PARTH BEDI … School: University of North Carolina, Firm: Growth Catalyst Partners IVCA: What was your goal in initially applying to the IVCA Scholars program, and how does it connect to your academic interests? Bedi : In initially applying, I had two primary goals. One, to grow my network within the private markets, and two, to land an internship in Private Equity. In school, I have quite enjoyed my financial accounting and investing courses, and I thought private markets would be a good opportunity to explore these interests further. IVCA: What have you learned or experienced at your host firm that expanded your understanding of the Private Equity or Venture Capital industry? Bedi : I have learned how important the operational side is … in today’s hyper-competitive market, financial engineering no longer works the same way it used to. Being able to create value operationally within companies is where the edge lies. Sitting in on calls with our portfolio companies has made that incredibly clear for me. IVCA: How has this experience shaped your thinking about your future, whether in terms of career goals or what you want to focus on when you are back at school? Bedi : This experience has solidified my interest in investing. The combination of critical thinking and piecing together disparate strands of information is an intellectual challenge I enjoy. It has also granted me a new appreciation for the complexities of businesses and upon returning to school, I want to understand these intricacies further from both the corporate strategy side as well as the financial side. SARAH GRAHAM … School: University of Illinois Urbana-Champaign, Firm: Prairie Capital IVCA: What was your goal in initially applying to the IVCA Scholars program, and how does it connect to your academic interests? Graham : As a finance major, I knew I wanted to complete an internship after my sophomore year to gain practical experience and deep-end my understanding of the concepts I was learning in the classroom. When I discovered the IVCA Scholars program, I saw it as the perfect opportunity to bridge the gap between academics and real-world application. Beyond the hands-on experience, I was excited by the chance to explore Private Equity and Venture Capital as potential career paths and learn more about industries that had always interested me. IVCA: What have you learned or experienced at your host firm that expanded your understanding of the Private Equity or Venture Capital industry? Graham : Before joining Prairie Capital, my understanding of Private Equity and Venture Capital was fairly broad and limited to what I had learned through my courses and general research. During my time at Prairie, I have gained a much deeper appreciation for how financial concepts are applied, from evaluating investment opportunities to understanding how to manage a portfolio company. Office visits and conversations with professionals also exposed me to the different investment strategies and approaches firms take. These experiences have strengthened both my technical knowledge and my understanding of the soft skills that are essential for the industry. IVCA: How has this experience shaped your thinking about your future, whether in terms of career goals or what you want to focus on when you are back at school? Graham : My experience at Prairie has reinforced the importance of working for a firm whose values align with my own, particularly one that prioritizes collaboration, trust and long-term relationships. It has strengthened my interest in pursuing a career in Private Equity while showing me the kind of culture and environment I hope to be a part of. As I return to school, I look forward to continuing to learn more about the industry and expand my network through meaningful connections. JOSHUA MENDOZA … School: Northwestern University, Firm: OCA Ventures IVCA: What was your goal in initially applying to the IVCA Scholars program, and how does it connect to your academic interests? Mendoza : I've always been passionate about technology and STEM, and at Northwestern I've been able to pursue that through my Computer Science program. Given this background, I'm constantly exposed to headlines about Anthropic's latest funding, AI's next unicorns, and The Garage, Northwestern's accelerator for groundbreaking ideas. When I applied to the IVCA Scholars program, I wanted to explore technology from the investor's side – what does it really feel like to be the one evaluating these groundbreaking ideas? IVCA: What have you learned or experienced at your host firm that expanded your understanding of the Private Equity or Venture Capital industry? Mendoza : At OCA Ventures, I've contributed to due diligence processes in Vertical AI for Industrials as well as Physical AI. I've enjoyed strengthening my research pipeline and developing new habits for getting up to speed on unfamiliar subjects. Having done the necessary diligence, I've also been able to weigh in, pass or no pass, during an investment committee. This has given me a deeper understanding of the technical side of a business, and introduced me to the additional factors investors weigh when evaluating an idea. A founder's background, growth strategy, and leadership all play a major role in what ultimately gets funded. IVCA: How has this experience shaped your thinking about your future, whether in terms of career goals or what you want to focus on when you are back at school? Mendoza : This summer has been incredibly valuable, not just through my host firm OCA Ventures, but also through the additional IVCA partner firms we've visited, which gave me a broader sense of the investment philosophies out there. I've come to see Venture Capital as an industry where my passion for tech meets my eagerness to stay on top of investing. As I go back to school, I want to keep building my CS background while bringing this newly developed VC lens and participate into Northwestern's startup ecosystem. HAMID SHARFI … School: Northwestern University, Firm: Frontenac IVCA: What was your goal in initially applying to the IVCA Scholars program, and how does it connect to your academic interests? Sharfi : When I first applied to the IVCA Scholars Program, I saw it as an opportunity not only to learn more about the broader private equity and venture capital ecosystem in Illinois, but also to gain exposure to different types of funds, investment strategies, and a network of investors that I could continue to learn from throughout my career. The program also connects closely with my academic interests at Northwestern. I’ve been able to apply many of the fundamental and quantitative concepts I’ve learned in the classroom to investing, while also gaining exposure to the policy side of the industry, particularly how pro-business legislation and public policy can shape the environment in which companies and investors operate. That intersection between investing and policy is something I find especially interesting and see reflected in my coursework within Northwestern’s School of Education and Social Policy. IVCA: What have you learned or experienced at your host firm that expanded your understanding of the Private Equity or Venture Capital industry? Sharfi : Being at Frontenac this summer through the IVCA Scholars Program has given me a much deeper understanding of the full lifecycle of a Private Equity investment, from initially reviewing a CIM and evaluating a business to conducting diligence, analyzing company data, preparing investment materials, and ultimately seeing a deal progress toward closing. What stood out to me is how nuanced the investment process really is and how much work goes into developing conviction around a business beyond just the financials. Having the opportunity to contribute to that process firsthand has really accelerated my development and strengthened my interest in pursuing a career in investing. IVCA: How has this experience shaped your thinking about your future, whether in terms of career goals or what you want to focus on when you are back at school? Sharfi : This experience has really shaped how I think about my development and preparation for a long-term career in investing. At Frontenac, I’ve had the opportunity to see transactions from the investor’s perspective and understand how Private Equity professionals evaluate businesses and develop conviction around an investment. Looking ahead, I’m excited to experience the other side of the transaction at William Blair next summer, where I hope to build a strong foundation in investment banking and really master the execution side of a deal. NOTE: Because of a spellcheck error, two first names of Scholar participants in Part One were changed to a misspelling. Karen Toor should be KARAN, and Azeen Khan should be AZEEM. My apologies to both. The 2026 IVCA CFO Summit is now open for registration and is FREE to all IVCA members, and will take place on October 22nd, 2026. Click on CFO for more information and instructions to register.

Association News IVCA Feature: Profiles of the 2026 IVCA Scholars Participants, Part One Hello VE and PE Investor Finance Professionals! It’s time to register for the 2026 IVCA CFO Summit! IVCA Foundation News 2026 IVCA Invitational Brings Together Illinois's Investment Community Legislative News IVCA Provides Updates for State Legislative Issues 07/22/2026 - IVCA Targeted Bills Await Signature IVCA Provides Updates for State Legislative issues 07/22/26 - One Forced resignation, One Indictment = Long Week for House Dems IVCA Events October 22, 2026 - IVCA CFO Summit December 7, 2026 - IVCA Awards Dinner - SAVE THE DATE! Other Events of Interest July 20 - 26, 2026 - TECHICAGO Week 2026 September 17, 2026 - McDermott's Chicago Private Equity Bootcamp - SAVE THE DATE! Industry News Early bird registration open until July 31 for Cohort 23 of VC University Wynnchurch Capital Announces $1.6 Billion Sale of FloWorks to Ferguson Enterprises GTCR Announces Divestiture of Corza Medical’s Biosurgery Business Unit to EQT Monroe Capital and AIP Capital Successfully Close Inaugural $643.0 Million Aircraft Asset-Backed Securitization HPA Announces Acquisition of Portfolio Company Moonnox by Certinia Shore Capital Partners Announces Sale of Shore Capital Real Estate Partners Fund I Portfolio to Four Corners Property Trust Linden Capital Partners and Audax Private Equity Agree to Sell StatLab Medical Products to Leica Biosystems HPA Backs AI-Native Cardiovascular Platform Revolutionizing Heart Care Delivery Empirical Security Raises $25M Series A for Next Generation Vulnerability Management Runway Growth Capital Names Carmela Thomson CFO, Tom Raterman to Vice Chairman Frontenac Port Co CROM Expands Texas Presence with Acquisition of Dobbs Coating Systems Benford Capital Port Co Nutrition Service Company Acquires Seymour Flour Mill Water Street Port Co MedSpeed Joins Forces with Am-Tran Benford Port Co Heritage Pasta Group Acquires Primavera Foods Frontenac Port Co Dealer Services Network Acquires GG&D Motor Vehicle Services Professional Advisor News Ropes & Gray Advised General Atlantic, The Vistria Group, and PANTHERx Rare in Sale to Warburg Pincus-Led Investor Group Troutman Pepper Locke Represents Pelican Energy Partners in Acquisition of Veridiam Sidley Represents Olympus Power in Formation of Winslow Power Joint Venture and Acquisition of Generating Assets Understanding Take-Private Transactions: A Guide for Private Equity Firms - BDO Ropes & Gray Advised B Capital in Investor Group Acquisition of Russell Investments Troutman Pepper Locke Represents Microporous in Financing for Virginia Battery Separator Facility Sidley Advises EMZ Partners on Minority Investment in Steinbach & Vollmann Tax Leaders at PE-Backed Portfolio Companies Pursue Growth Amid New Tax Complexity - Key Findings from the 2026 BDO Tax Strategist Survey Ropes & Gray Advised ABC Company on the Structuring of an Innovative Scrip Dividend What PE Practitioners Need to Know About New Del. ABC Act Sidley Represents Clara Vista in Acquisition of Stake in Frosinone Calcio Private Equity Value Creation Starts With People - BDO Ropes & Gray Advised Thrive Pet Healthcare in Sale of VitalRADS to Zoetis Delaware Court of Chancery Addresses Cram-Down Financing and Fiduciary Duties in Challenge to Dilutive Preferred Stock Round Sidley Advises Fortitude Re in US$3.8 Billion Reinsurance Transaction with Unum Ropes & Gray Represents CCMP Capital Advisors and BGIS in Acquisition of BGIS by Veritas Capital SEC Seeks Public Comment on Novel Exchange-Traded Funds Sidley Represents U.S. TelePacific Holdings in Connection with Restructuring Ropes & Gray Advised Audax Private Equity in Agreement to Sell StatLab Medical Products Sidley Represents Lenders on Spearmint Energy’s US$325 Million Financing Ropes & Gray Represents Lyric in Acquisition of Concert to Advance Healthcare Decision Intelligence Ropes & Gray Achieves High Rankings in Mergermarket's Global M&A and Private Equity League Tables for 1H 2026 Job Postings Please view the full 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. Hyde Park Angels - HPA Venture Operations Manager NextGen Growth Partners – Director, BD Decasonic – AI Operations Manager TechNexus Venture Collaborative – Sr. Accountant

PE OVERSIGHT BILL GOES TO GOVERNOR As we’ve detailed previously the Illinois General Assembly considered numerous bills this session calling for bans, prohibitions, controls, limitations, and otherwise enhanced reporting of PE ownership in health care, housing, even law firms. Expect this trend to continue in 2027. IVCA is actively involved in addressing these issues. * Tribune | Illinois bill awaiting Pritzker OK would add oversight on private equity firms buying disability group homes : The bill, which passed the General Assembly this spring with broad bipartisan support, requires facilities for people with intellectual and developmental disabilities to report to the state when they are purchased by an asset management company — such as a private equity fund, hedge fund or venture capital firm. After a community integrated living arrangement — commonly known as a group home or CILA — or other licensed facility for people with disabilities is purchased by such a firm, it would have to regularly report financial activity, including assets, liabilities and staffing levels, to the state Health Facilities and Services Review Board.

The IVCA Foundation's 2026 Invitational brought together leaders from Illinois's private equity, venture capital, private credit, and advisory communities for a memorable day of networking, competition, and philanthropy at the historic Olympia Fields Country Club. The Invitational continues to serve as the Foundation's premier fundraising event, bringing together investors, limited partners, lenders, advisors, and industry partners committed to strengthening Illinois's investment ecosystem and supporting the next generation of industry leaders. We extend our sincere appreciation to our sponsors, golfer participants, volunteers, and Golf Committee members whose dedication and support made this year's event a tremendous success. Thank You to Our Sponsors Champion Sponsors WinstonTaylor RSM US LLP Supporter Sponsor Wintrust Sponsor Finance Mentor Sponsors Alvarez & Marsal Antares Capital Arbor/TPC BakerHostetler BCG BMO Deloitte Eaton Partners EY Goldman Sachs Houlihan Lokey Katten Kayne Anderson Kirkland & Ellis Lockton McDermott Will & Schulte Monroe Capital OCA Ventures OceanM19 Old Second Bank Plante Moran PPC Twin Brook Capital Partners Vokal Friend Sponsor Simon Compliance Contest Sponsor Lincoln International Congratulations to our Winners!  North Course Low Foursome: Mentor Sponsor – Lockton : Travis Naftzger, Jack Watson, Jared King, and Griffin Conboy – 64 Longest Drive: Men – Andrew Homann (Winston Taylor) Women – Kaitlyn Desai (PPC) Closest to the Hole: Men #6: Pat Flynn (Antares Capital) Women #13: Jacquie Pollice (Plante Moran) South Course Low Foursome: Investor Foursome – Shore Capital : Charlie Talbot, Rob Garmoe, Kieran O’Connor, and Jack Tolbert – 62 Longest Drive: Men – Pat Callahan (Deloitte) Women – Shari Husiman (Thoma Bravo) Closest to the Hole: Men #5: Rob Garmoe (Shore Capital) Women #14: Christie Pruyn (IVCA) Thank You to Our Investor Foursomes A special thank you to the investment firms that participated in this year's Invitational: ARCH Venture Partners Avathon Capital Baird Capital CIBC Frontenac Listen Ventures May River Capital Mid Oaks Investments Prairie Capital Sandbox Industries Shore Capital Partners Thoma Bravo 50 South Capital The Vistria Group Water Street Healthcare Partners Your participation helped make the Invitational a premier gathering of Illinois's private markets community while supporting the mission of the IVCA Foundation. Thank You to the Golf Committee The success of the Invitational would not have been possible without the leadership, planning, and enthusiasm of our Golf Committee. We are grateful for their commitment to the Foundation and our mission. Kaitlyn Desai - Chair, PPC Walter Florence, Frontenac Chris Killackey, Prairie Capital Adam Kleffner, The Vistria Group Rocco Martino, OceanM19 Jeff Piper, Semper Fi Partners Christie Pruyn, IVCA | IVCA Foundation Shoshana Vernick, Avathon Capital Investing in the Future Proceeds from the Invitational support the IVCA Foundation's mission to increase access to careers in private equity and venture capital, particularly for talented students who may have limited exposure to the industry. Through the IVCA Scholars Program, the Foundation provides students with industry education, mentorship, professional networking opportunities, and hands-on exposure to careers in private markets, helping build a stronger and more inclusive talent pipeline for Illinois's investment community. Thank you to everyone who participated in making the 2026 IVCA Invitational such a success. We are grateful for your support and look forward to continuing this important work together. Stay tuned for more information on the 2027 IVCA Invitational. View the pics HERE!

IVCA TARGETED BILLS AWAIT SIGNATURE Illinois legislators sent several bills of concern to IVCA members to the governor for his signature. As of this writing, none of the following have been signed into law, but that is expected at any moment: CONTROLS ON PRIVATE EQUITY IN LAW FIRMS ADDED PE DISCLOSURE IN HEALTH CARE TRANSACTIONS DISCLOSURES OF PE OWNERSHIP OF MENTAL HEALTH AND DEVELOPMENTAL DISABILITY COMMUNITIES All three of these bills and several others which passed one chamber but not the other are indicative of national trends to scrutinize PE business practices and in many instances seek to ban, prohibit, limit, or force extensive disclosures of private investment. Now more than ever IVCA members must know the legislators representing their residences and their office addresses and prepare to work with Executive Director Christie Pruyn