IVCA Feature: The Debate Over DEI, As Reported in the Online Press

May 17, 2023 Continuing a series of articles based on the IVCA Spring Luncheon last month, this topic was near and dear to moderator Johara Farhadieh (Executive Director and Chief Investment Officer of the Illinois State Board of Investment) … DEI or Diversity, Equity, Inclusion. Throughout the financial world, DEI has become important not because…

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IVCA Provides Updates for State Legislative Issues – 05/17/2023

Illinois Venture Capital Association Illinois Legislative ReportDavid Stricklin / Stricklin & AssociatesWednesday, May 17, 2023 IVCA PARTNERSHIP BILL NEARS FINISH LINE Barring an unexpected detour, we expect the long-awaited agreement on defining an investment partnership to be included in an omnibus bill which will pass the Illinois General Assembly this week. Working under the determined…

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IVCA Provides Updates for State Legislative Issues – 05/03/2023

Illinois Venture Capital Association Illinois Legislative ReportDavid Stricklin / Stricklin & AssociatesWednesday, May 3, 2023 IVCA BILL PARTNERSHIP IVCA leaders and members are actively negotiating with the Illinois Department of Revenue on proposed language to better define an “investment partnership.” IDOR has moved away from its original proposals which have been included in two bills…

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IVCA Feature: The Debate Over ESG, As Reported in the Online Press

May 3, 2023 It is a term that was first coined in 2005, through the United Nations. ESG … Environment, Social, Governance … were three letters that no one could have imagined, placed in just the right order, would form the beginning of the sustainable investment movement. But with its invention and embrace from the…

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IVCA Provides Updates for State Legislative Issues – 04/19/2023

Illinois Venture Capital Association Illinois Legislative ReportDavid Stricklin / Stricklin & AssociatesWednesday, April 19, 2023 PARTNERSHIP BILL IVCA continues to negotiate with the Illinois Department of Revenue and legislators on the precise language of a bill to better define an investment partnership. Readers of this column know we’ve been working on this since 2019 and…

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IVCA Feature: Highlights of the 2023 IVCA Spring Luncheon … ‘Establishing a Private Equity Firm: Then, Now and in the Future’

The season felt in full swing as the membership of the Illinois Venture Capital Association (IVCA) met for their annual Spring Lunch Luncheon on April 11th, 2023, at the Chicago Club. The event was sponsored by advisory and assurance firm Baker Tilly and the law firm Ropes & Gray, featuring the topic “Establishing a Private…

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Prairie Capital V Announces the Sale of Tower Engineering Professionals

April 11, 2023 – Prairie Capital, a Chicago-based middle-market private equity firm, is pleased to announce the successful sale of Tower Engineering Professionals (“TEP” or the “Company”), a Prairie Capital V portfolio company.  This exit highlights Prairie’s investment strategy of partnering with founders and management teams to build market-leading companies in high-growth industries. Prairie sold…

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