IVCA Newsletter – March 1, 2023

Association News

IVCA Feature: 2023 Investment Trends for Venture Capital and Private Equity, According to Financial Press

Meet IVCA’s New Executive Director at Happy Hour March 20th!

Join IVCA on April 11th for “Establishing A Private Equity Firm: Then, Now, and in the Future”

June 26, 2023 IVCA Invitational Golf Event – Want to sponsor?


Legislative News

IVCA Provides Updates for State Legislative Issues – 03/01/2023


IVCA Events

March 20,2023 – Meet IVCA’s New Executive Director!

April 11, 2023 – 2023 IVCA Spring Luncheon – Establishing A Private Equity Firm: Then, Now, and in the Future

June 26, 2023 – 2023 IVCA Invitational – Golf Event

October 26, 2023 – 2023 IVCA CFO Summit

December 4, 2023 – 2023 IVCA Awards Dinner


Other Events of Interest

March 8-9, 2023 – McDermott’s HPE Miami 2023

April 12-13, 2023 – 2023 InvestMidwest

May 22-24, 2023 – MedCity Invest


Industry News

The Bottom Line: NewSpring Invests in Northpoint Roofing Systems

5th Century Partners Announces Investment in LSL Healthcare

Monroe Capital Announces Agreement to Acquire Horizon Technology Finance Management, Market Leader in Venture Lending

Ropes & Gray Advises Berkshire Partners in Investment in Point Broadband

Sidley Represents Lightspeed and Sequoia in Aspire’s Series C Financing

Multi-Office Locke Lord Team Advises Greenbacker Capital Management in Strategic Investment in Sunstone Credit | Experience | Locke Lord

Patriot Capital Supports Turnwell Mental Health Network’s Partnership with Scottsdale Mental Health & Wellness Institute

Thoma Bravo Completes Acquisition of Coupa Software

Avantik Partners with Water Street to Advance Expansion

Sidley Represents Thompson Street Capital Partners in the Sale of Portfolio Company Custom Wheel House to Fox Factory

Locke Lord Team Advises Riverbend Energy Group in Capital Investment in Endurans Solar | Experience | Locke Lord

Ropes & Gray Represents First Lien Lenders in Recapitalization of K&N Engineering

Prairie Capital VI Announces the Sale of Architectural Lighting Works

Baird Capital Exits Portfolio Company bfinance

First Analysis portfolio company Gyrodata acquired by SLB

CORE Industrial Partners Portfolio Company Cadrex Solutions Acquires D&R Machine Company

Periscope Equity Port Co CyberMaxx Announces Acquisition of CipherTechs to Provide Advanced Cybersecurity Solutions and Brings on Experienced Security Veteran, Brian Ahern, as CEO

Ropes & Gray advises Jounce Therapeutics on merger with Redx Pharma

Sidley Represents Mizuho Securities in US$683 Million Vahanna DeSPAC with Roadzen

BluWave Recognizes Cressey & Company as a Private Equity Leader and a Recipient Of The 2023 Top PE Innovator Awards

Hyde Park Venture Partners Listed in Top 10 Founder’s Choice VC Leaderboard

Sidley Adds Influential M&A Partner Germaine Nicole Gurr

CMS Proposes Augmented Nursing Facility Ownership Disclosure Targeting Private Equity and REITs

Key Considerations for Cross-Border M&A in the Mining and Metals Industry


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! SSM Partners – Associate (pre-MBA)

SSM is a growth equity firm and invests in rapidly-growing software and tech-enabled companies across healthcare and B2B. SSM partners with talented entrepreneurs and management teams to help them scale by building a trusted relationship, offering a thorough understanding of the growth company lifecycle and a collaborative approach to building great businesses. SSM makes minority and majority equity investments of $10 to $30 million per opportunity and is investing out of a $150 million fund.

The Associate will be a member of SSM’s tight-knit, scrappy investment team. The Associate will be given autonomy across all aspects of the group’s activities and investment process — sourcing, diligence, execution, and portfolio management – building an active network and working closely with founders, CEOs, management teams, industry leaders, and senior investment professionals at SSM. The role will be based in Memphis and is a two- to three-year position with a targeted start date in summer 2023.

Further information about SSM can be found at ssmpartners.com and referrals or questions can be sent via email to ed@ssmpartners.com. Resumes can be submitted at ssmpartners.com/hiring.

New! 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:

December 2022

Baird Capital –  Fund Analyst

Baird Capital makes venture capital, growth equity and private equity (PE) investments in strategically targeted sectors around the world. Having invested in more than 335 companies over its history, Baird Capital partners with entrepreneurs and, leveraging its executive networks, strives to build exceptional companies. Baird Capital provides operational support to its portfolio companies through teams on the ground in the United States, Europe and Asia, a proactive portfolio operations team and a deep network of relationships, which together strive to deliver enhanced shareholder value. Baird Capital is the direct private investment arm of Robert W. Baird & Co. For more information, please visit www.BairdCapital.com.

Baird Capital is seeking a dynamic professional to work directly with the investment teams, portfolio operations and COO on fund valuations, quarterly reporting to investors, portfolio review materials and portfolio FP&A. Successful candidates will be highly motivated individuals that possess strong communications, accounting and analytic skills.

Get information here!  Please contact Scott Skie, sskie@rwbaird.com.

NEW! 50 South Capital – Analyst, Private Equity

50 South Capital (www.50southcapital.com) is the private equity investment group within Northern Trust. 50 South Capital’s private equity group makes primary, secondary, and direct co-investments in buyout and venture capital funds and companies in the U.S., Europe and Asia. The team has extensive experience investing in the industry and has been led by its founding partners since 2000. It oversees over $12.5 billion in assets and is experiencing rapid growth.

The individual in the two year Analyst position will participate in all of the group’s activities, including investments, fundraising and portfolio management. This will include screening investment opportunities; meeting fund management teams; completing due diligence, including valuations and modeling; participating in various portfolio monitoring tasks and data analysis projects; creating and updating marketing materials; and participating in fundraising related initiatives.

View details and requirements HERE!

Submissions should be emailed to Bradley Michael Dorchinecz BMD3@50southcapital.ntrs.com

May 2022:

Kinzie Capital Partners – Vice President, Finance & Accounting

As a valuable Kinzie employee, the Vice President, Finance & Accounting will assist the team by taking an active role in supporting the Finance & Operations team, which is dedicated to financial and compliance management as well as general operations. This role reports to the Founder & Managing Partner and works closely with the Director, Investor Relations & Operations as well as the Assistant Vice President, Finance & Investor Relations.

Get full job description HERE!  Please send inquiries to employment@kinziecp.com

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