IVCA Newsletter – March 13, 2024

Association News

IVCA Profile: For International Women’s Day, Founder & Managing Partner Constance Freedman of Moderne Ventures

Sponsorships Available Now for the 2024 IVCA Invitational

Legislative News

IVCA Provides Updates for State Legislative Issues – 03/13/2024

IVCA Events

June 24, 2024 – IVCA Invitational hosted by IVCA Promoting Diversity Foundation

October 24, 2024 –IVCA CFO Summit for VC and PE Professionals sponsored by Plante Moran

December 9, 2024 – IVCA Annual Awards Dinner presented by Kirkland & Ellis, LLP

Other Events of Interest

March 19, 2024 – Investing in America’s Economic and National Security

April 16-17, 2024 – InvestMidwest 2024

April 29-May 1, 2024 – DealMAX 2024

May 21-22, 2024 – INVEST Healthcare Investment Conference 2024

October 10, 2024 – MVCA 17th Annual Awards Celebration

Industry News

Chipp Raises $800k to Help Businesses Use AI; M25 Participates

HData Raises $10 Million to Accelerate Energy-Sector Data Intelligence; Hyde Park Venture Partners and Buoyant Ventures Participate

Kinzie Capital Partners Announces the Acquisition of Arctic Industries

Ropes & Gray Advises THL on Acquisition of Agiliti

Sidley Represents IGT in Its Approximately US$6.2 Billion Business Combination of Its Global Gaming Business With Everi

GTCR Announces Sale of RevSpring

Linden Invests in Alcresta Therapeutics

Monroe Capital Funds Make Strategic Investment in Second Avenue

Everbridge Enters into Amended Merger Agreement with Thoma Bravo

Sidley Represents Fifth Star in PARTS iD’s Chapter 11 Restructuring

Ropes & Gray Advises TPG Growth on its Exit from Afrobeats Label Mavin Global

ParkerGale Port Co Gap Intelligence, the AI-Driven Market Intelligence Platform, Completes its Second Acquisition, Competitive Promotion Report

Pfingsten Completes Second Acquisition for Agricultural and Propane Distribution Platform

Arbor Investments Announces Sale of Concord Foods to Sugar Foods

Ropes & Gray Represents Health Care Provider in $1.3 Billion Liability Management Transaction

Sidley Advises Resident Home in Its Acquisition by Ashley Home

7wireVentures Kicks Off 7wireVentures MBA Summer Internship for 2024!

HPA Announces Key Leadership Promotions in Investment Team

Frontenac Named to 2024 TOP 50 PE Firms in The Middle Market™ List

Monroe Capital Selected as 2023 Lower Mid-Market Lender of the Year and CLO Manager of the Year by Private Debt Investor

Sidley Represents Rigel Resource in US$362 Million Business Combination with Aurous

Ropes & Gray Advises Sixth Street on Italian Retail Joint Venture

Managing Director Kristina Burow named to STAT’s 2024 STATUS list alongside other top leaders shaping the industry

Justin Ishbia, Shore Capital Partners, Featured on The Twenty Minute VC (20VC) Podcast

Wynnchurch Capital Announces Promotions

Ropes & Gray Represents Charlesbank Capital Partners on its Acquisitions of EverDriven

Sidley Represents DaVita in Its Expansion of International Operations in South America with Four Acquisitions

Pritzker Private Capital Port Co Sugar Foods Acquires Concord Foods

Concentric Equity Partners Port Co Rapidfire Safety & Security Acquires Texas Star Fire Systems

Growth Catalyst Partners Port Co Shift Paradigm Acquires Design and Technology Consultancy Principle Studios

Sidley Represents Radiology Partners In Its US$720 Million Equity Raise

Ropes & Gray Represents Lee Equity Partners in Acquisition of PCS Retirement

Sidley Represents Totango In Its Merger with Catalyst

Ropes & Gray Advises Limerston Capital on Second Fund Close

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! Pfingsten Partners Associate to Corporate Finance team

Company Description:

Pfingsten is a Chicago-based, operationally-driven private equity firm that invests in manufacturing, distribution and business services companies with revenue between $20 to $150 million and EBITDA between $3 to $12 million.  Since 1989, Pfingsten has completed 55 platform transactions and 109 add-on acquisitions. For more information on Pfingsten, please visit www.pfingsten.com.

Position Description:

Associates interact directly with all members of the firm and our portfolio companies and they will have a high degree of freedom to make a meaningful contribution to our firm’s future.  There is no set duration for Pfingsten’s Associate position. The strongest performers will have the opportunity to grow into additional responsibility with the firm. 

Start Date:

Immediate or Q1 2024


Phil Bronsteatter pbronsteatter@pfingsten.com

Sandbox Industries – Associate Position

Sandbox Industries invests in innovation to drive lasting change in human livelihood by fostering innovation across healthcare, insurance, and sustainability. We incorporate the best of traditional and corporate investing firms. Approximately 90% of the capital we manage is from strategic limited partners – large industry incumbents who are eager to embrace the innovations and technologies disrupting their businesses through a market-based approach. We partner with entrepreneurs who are seeking to make an impact on areas of high strategic value to corporate organizations, as well as with these organizations themselves. The primary medium for this work is venture capital.

In line with our mission, Sandbox Industries has served as the exclusive provider of investment management services to the Blue Venture Funds for over a decade. The Blue Venture Fund, a unique collaboration among Blue Cross Blue Shield companies, the Blue Cross Blue Shield Association, and Sandbox Industries, is owned, governed and capitalized by participating Blue Plans and affiliates. The Blue Venture Fund invests in venture and growth opportunities within healthcare technology, healthcare services and clinical sciences.

Associate Position

We are seeking passionate and self-motivated people to join our healthcare investment team to support all aspects of the investment process. Our team is open, thoughtful, and collaborative.

Please contact hctrecruiting@sandboxindustries.com if you are interested.

Sandbox is an Equal Opportunity Employer and considers applicants for employment without regard to race, color, religion, sex, orientation, national origin, age, disability, genetics or any other basis forbidden under federal, state, or local law.

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.


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