Newsletter Articles

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…

June 14, 2023 As the new member participants in the Illinois Venture Capital Association (IVCA) keeps expanding, the current membership are given new opportunities for networking, in addition to optimizing support and partnerships, which leads to guidance and new ideas for Venture Capital, Private Equity and support industries. The latest new member is SRS Acquiom,…

Illinois Venture Capital Association Illinois Legislative ReportDavid Stricklin / Stricklin & AssociatesWednesday, May 31, 2023 PARTNERSHIP AGREEMENT GETS THE GREEN LIGHT IVCA sponsored legislation to better define an investment partnership was included in an omnibus revenue package which passed the Illinois General Assembly at the end of session and will soon be on the desk…

May 31, 2023 As the new member participants in the Illinois Venture Capital Association (IVCA) keeps expanding, the current membership are given new opportunities for networking, in addition to offering support and partnerships. This advantage keeps evolving the association and its advocation of Venture Capital, Private Equity and satellite industries. The latest new member is…

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…

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…