Newsletter Articles

July 26, 2023 In case you missed it, IVCA is offering a Zoom version!  Learn about Illinois’ expanded definition of “Investment Partnership” on August 1, 2023 from 4:00pm – 5:00pm. The Illinois definition an “investment partnership” that recently passed under Public Act 109-0009 now includes investors in underlying partnerships. Join Jacob Seitz and Anthony Lupo…

July 28, 2023 One of the most successful accelerator and founder facilitation programs in Chicago is Techstars, an annual mentorship course that allows entrepreneurs, start-ups and companies to participate in a 13-week forum that teaches them how to improve and execute their business ideas. The program culminates on Demo Day – where the Techstars participants…

Illinois Venture Capital Association Illinois Legislative ReportDavid Stricklin / Stricklin & AssociatesWednesday, July 12, 2023 GOVERNOR PITCHES STATE ACROSS THE POND Illinois Governor JB Pritzker is taking a delegation of business and university leaders to Great Britain to pitch the state as a location for clean energy and investments in other business lines. Crain’s has…

July 12, 2023 The IVCA Scholar Program creates an inclusive industry with more gender, racial and ethnic diversity by providing students exposure to possible careers in the venture capital/private equity industry. Scholars spend 10-weeks doing a deep dive into the industry with significant exposure at their firms.  Additional time is spent educating the students on…

July 12, 2023 Half a year can race by pretty quickly, and so it has happened with 2023. In a year where there may have been more questions than answers as it began, what is the online financial press opining in regards to the Venture Capital and Private Equity industries? The IVCA has collected some…

June 28, 2023 IVCA welcomed it’s 2023 class of IVCA Scholars with a 3-day onboarding session June 20-23.  The goal of the sessions was for the Scholars to get to know each other and to learn the basics of our industry.  We were fortunate that many of our IVCA members and IVCA Scholar Alums now…

Illinois Venture Capital Association Illinois Legislative ReportDavid Stricklin / Stricklin & AssociatesWednesday, June 28, 2023 ISBI LOSES FARHADIEH The well-regarded leader of the Illinois State Board of Investment, Johara Farhadieh, is leaving the state for the CIO role at Westpath Benefits and Investments. IVCA has consistently viewed ISBI and its management and reporting metrics as…

June 28, 2023 One of the superior benefits to membership in the IVCA is the event Education Luncheons that are presented by the association and the sponsoring partners. Cooley LLP sponsored the topic “2023 M&A Deal Terms Study – How It Relates To Your Business” on May 25th, and it highlighted some key takeaways from a…

Illinois Venture Capital Association Illinois Legislative ReportDavid Stricklin / Stricklin & AssociatesWednesday, June 14, 2023 VICTORY! The Illinois definition of an “investment partnership” now includes investors in underlying partnerships! Thanks to the expertise of IVCA members and their legal, and accounting experts, we have crossed the finish line.  Gains on the sale of portfolio companies…

CHICAGO, June 14, 2023 — GTCR, a leading private equity firm, today announced that it has entered into a partnership with Matt DiMaria, Adam Ragauskis, Chris Loeper, Kurt Nelson, and Daniel Bohannon to form Stelao LLC (“Stelao” or the “Company”). Based in Nashville, TN, Stelao will seek to partner with companies as part of a strategy to build a leading enterprise software platform enabling data-driven…