IVCA Newsletter – July 26, 2023

By Kathy Pyne | July 27, 2023

Association News

IVCA Profile: Neal Sáles-Griffin, Managing Director of Techstars Chicago on the Upcoming 2023 Program
ICYMI – Learn about Illinois’ expanded definition of “Investment Partnership”
2024 IVCA Invitational golf event set for Monday, June 24, 2024!

Legislative News

IVCA Provides Updates for State Legislative Issues – 07/26/2023

IVCA Events

October 26, 2023 – 2023 IVCA CFO Summit

December 4, 2023 – 2023 IVCA Awards Dinner

Other Events of Interest

July 27, 2023 – 2023 ILGIF Summit

Industry News

Shore Capital Partners Closes Over $640 Million for Two New Funds
Direct investing strengthens family cohesion and purpose while driving long-term returns – By Paul Carbone
Thales to Create a World-Class Global Cybersecurity Leader, Acquiring US-Based Cyber Champion Imperva from Thoma Bravo
Sidley Represents Thompson Street Capital Partners Portfolio Company BCM One in Its Acquisition of Pure IP
Stem Partners with Victory Park Capital to Deploy $250M to Artists
Monroe Capital Supports PPC Enterprises, LLC Investment in Aduro Advisors, LLC
Patriot Capital Supports Continued Growth of American Equipment Solutions
Sidley Represents GIC in Its Commitment to NextDecade’s New US$18.4 Billion LNG Project
The Boat House Group Announces Partnership with Concentric Equity Partners
GTCR to Acquire Once For All from Warburg Pincus
Thoma Bravo Announces Strategic Growth Investment in Bluesight to Support the Company’s Acquisition of Medacist
Sidley Represents HighVista Strategies LLC in Its Agreement to Acquire U.S. Private Market Business of Abrdn Inc.
High Street Capital Portfolio Company Tramec Acquires CS Automation
CORE Industrial Partners Portfolio Company Gem Manufacturing Acquires Coining Manufacturing and Precision Machine Products
Wind Point Partners Port Co Vertex Acquires Breakwater Forensics, LLC
Sidley Represents Thompson Street Capital Partners Portfolio Company Gurobi Optimization in Its Acquisition of October Sky
Monroe Capital Supports PPC Enterprises, LLC Investment in Aduro Advisors, LLC
Runway Growth Capital Provides a $40 Million Senior Secured Term Loan to Elevate
Wind Point Partners Port Co Pavion Acquires K&J Integrated Systems
Sidley Represents Denham Capital in Sale of Rio Energy Assets to Equinor
Arbor Investments Port Co Steelite International Strengthens its Hospitality Presence with Acquisition of Diversified Ceramics
Wind Point Partners Port Co Vertex Acquires Breakwater Forensics, LLC
Arbor Investments Backed Steelite International Announces Acquisition of Delfin
Sirna & Sons Produce Joins Wind Point Partners Backed FreshEdge
Sidley Continues to Show Strong Results in H1 2023 League Table Results

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.

New!  Chicago Pacific Founders – Senior Fund Controller

COMPANY OVERVIEW

Chicago Pacific Founders (CPF) is a top decile Chicago‐based private equity firm that was established in 2014 to serve as a registered investment advisor that manages private funds and partners with companies that the firm believes are position to lead innovations in healthcare delivery and in caring for aging populations. CPF primarily focuses on growth companies in targeted sectors where the fund can contribute significantly beyond its capital.

Currently, through its three buy‐out funds and a Healthcare focused real estate fund, the firm has 24 investments across multiple investment strategies, including healthcare real estate.

POSITION OVERVIEW

The Senior Fund Controller will support the growth of its investment platform and play a key leadership role in the CPF’s accounting, tax, and financial reporting functions. The role will work closely with the firm’s CFO/CCO and COO, this professional will handle critical areas of the firm’s investment and accounting process, including maintenance of the management company general ledger, treasury and cash management, quarterly financial reporting, the creation, and maintenance of supporting schedules, reporting to investors, and collaboration with the firm’s fund administration team on all fund accounting matters.

For more detail, please click HERE!

CONTACT:  David Han, dhan@cpfounders.com

Svoboda Capital Partners – Private Equity Associate

Svoboda Capital Partners, LLC (“SCP”) was founded in 1998 to invest in and help build business services and value-added distribution companies. SCP invests in leveraged buyouts, recapitalizations, and growth equity opportunities. SCP targets middle market growth companies which typically have between $10 million to $100 million in revenue and $3 million to $15 million in EBITDA.

Job Description:

Assist in identifying, evaluating, and executing potential acquisitions through due diligence, market research and financial modeling. Assist in the development and ongoing management of portfolio companies, including portfolio company and investor financial reporting. Assist in initiating and maintaining relationships with intermediaries and other investment sources.

The position requires direct interaction with the principals of SCP and top management of portfolio companies and offers a highly challenging and diverse experience. Position will be originally structured for a two-year term, but the opportunity for a third year may exist.

Contacts:

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