IVCA Newsletter March 16, 2022

Association News

IVCA Feature: Back to the Office … VC/PE Personnel & HR Issues as 2022 Pandemic Rules Change

IVCA Launches Diversity Education Program

Free for IVCA members to attend but only 6 days left to register for March 22nd IVCA Webcast: Inclusion in Action!

Legislative News

IVCA Provides Updates for State Legislative Issues – 03/16/2022

IVCA Events

March 22, 2022 – IVCA Webcast: Inclusion in Action

December 5, 2022 – 2022 IVCA Awards Dinner presented by Kirkland & Ellis LLP

Other Events of Interest

March 28-30, 2022 – MedCity INVEST 2022

May 17-18, 2022 – Midwest Growth Capital Symposium 2022

Industry News

Prospect Partners Announces Successful Closing of Continuation Fund Led by New 2ND Capital

ICYMI – “The SEC’s Private Market Takeover”

RCP Advisors issues report on Diversity Manager Performance

KB Partners, Corazon Capital Co-Lead Live Sports Prediction Startup nVenue $3.5 Million Seed Round

Hyde Park Angels Leads $2.2M Funding of metaMe Health to bring its IBS solution to market

KCM Capital Called on Katten to Help Complete Big Investment in 4 State Trucks

McDermott Represents H.I.G. Capital in Close of H.I.G. Realty Partners IV

Interested in contributing directly to Ukrainian Families?

Sidley Advises Newly Minted Unicorn Veev on its Series D Financing

Ropes & Gray Advises Audax Private Equity in the Completion of the Sale of Smart Care Equipment Solutions

Pritzker Private Capital Acquires Bardstown Bourbon Company

Patriot Capital Announces Investment in TopDown, Inc.Prairie Capital VII Partners with Conscious Discipline

UserZoom Announces Strategic Growth Investment from Thoma Bravo at a Valuation of $800 Million

Madison Dearborn Partners Increases Equity Investment in Insurance Services Company Amynta Group

Sidley Represents TowerBrook in Its Investment in Stonebridge Companies

Katten Guided PSP Capital on Partnership with Leading Managed IT Services Provider Ntiva

Ropes & Gray Represents Audax Private Equity and Emplifi in the Sale of a Stake in Emplifi to Sixth Street Growth

BPOC Completes Sale of Cranial Technologies

Victory Park Capital Recognizes Several Promotions on Investment and Operations Teams

GTCR Announces New Industry Group Leadership

Monroe Capital Selected as 2021 Senior Lender of the Year and Lower Mid-Market Lender of the Year by Private Debt Investor

Ropes & Gray Represents McNally Capital in its Investment in the Smith & Oby Company

Sidley Represents TowerBrook in Its Sale of Orchid Insurance

Katten Advised Chicago Sun-Times Investor Michael Sacks in Landmark Acquisition of the Paper

Ropes & Gray Represents United BioSource in its Acquisition of MarketShare Movers

Smart Care Equipment Solutions Joins Forces With Wind Point Partners’ Port Co Zone Climate Services

CORE Industrial Partners Portfolio Company CGI Automated Manufacturing Completes Its Fifth Add-on With the Acquisition of DFF Corporation

Sidley Represents Clearlake Capital Group in Acquisition of Discovery Education from Francisco Partners

Ropes & Gray Advises Avista Capital Partners on the Acquisition of Probo Medical

Baird Capital Portfolio Company Prescient Acquires Strategic North

Wind Point Partners Port Co CTSI Acquires Enterprise Security Solutions

Ropes & Gray Represents Genstar Capital in its Investment in Lightspeed Systems

Sidley Update: Newly Proposed SEC Cybersecurity Risk Management Rules and Amendments for Registered Investment Advisers and Funds

Ropes & Gray PE and Technology Teams Extend 2021 Streak with Completion of $14 Billion McAfee Sale

Ropes & Gray Advises on 2 of the Top 5 Biopharmaceutical M&A and 3 of the Top 10 Licensing & Collaboration Deals in 2021

Job Postings

Please view the 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.

March 2022:

RiverGlade Capital – Controller

RiverGlade Capital (“RiverGlade” or “RGC”) is a Chicago-based private equity firm focused on control buyouts of growth-oriented, lower middle market healthcare companies. RiverGlade
partners with founders, entrepreneurs and management teams of high quality, differentiated healthcare companies that have EBITDA in the range of $3 million to $15 million and generally
invests $20 million to $80 million per platform.

Investing together for more than two decades, the RiverGlade team is currently deploying RGC Fund I, a $325 million fund. This is a unique opportunity to join a strong organization, contribute
valuable, hands-on experience, and be directly involved in the operations of the firm.

For more information visit www.rivergladecapital.com.

Job Description
The Controller will focus primarily on the accounting and operations of various investment Funds managed by RiverGlade Capital. Key areas include managing the quarterly and monthly fund
close process, investor allocations, investor statements, creating capital call and distribution schedules, coordinating and interfacing with the Fund Administrator, generating internal and investor reporting, overseeing cash management and assisting in the audit and tax reporting processes. The candidate should be highly motivated, self-directed, possess strong analytical skills as well as have excellent communication skills. This team member will be part of a small and dynamic team and will report directly to the CFO.

Get all of the details HERE!

February 2022:

Pritzker Private Capital – Marketing & Communications Coordinator

The Marketing & Communications Coordinator will be integral in supporting the efforts to build the PPC brand and delivering high-impact communications to our stakeholders across all channels. This person will report to the Head of Global Strategic Partnerships and will have the opportunity to work closely with senior members of the team.

For position details, click HERE. (This is a pdf download).

CIBC BANK USA – Associate Position

CIBC BANK USA is hiring to their tech group at CIBC for an Associate position. Get the details https://www.linkedin.com/jobs/view/2886628019

November 2021:

50 South Capital – Assistant Controller – Alternative Investments

The Alternatives Assistant Controller will be responsible for overseeing the day-to-day operations of our hedge fund and private equity fund of funds.  This role will be key part of the team to ensure the safety of client assets and that procedures are being followed.

50 South Capital was formed with the vision of building a team of experienced professionals while leveraging the network, reach, and resources of a global asset management firm. We believe that this will position us to generate attractive risk-adjusted performance and most importantly, to provide a boutique client experience that investors seek in a long-term partner. As of December 31, 2020 we have approximately $7.6 billion in assets under management and $2.9 billion in assets under advisement.

For position details, click HERE.

October 2021:

KRD – Accountants, Consultants, Advisors

KRD has openings at all levels in our tax, audit and client services departments.

Do you know someone looking for a great opportunity with an accounting, finance or data analytics background?  We have a spot for them!

Please share their resume with our HR Director Christi Gillen or Al Kutchins.

September 2021:

Full Time Analyst, Director of Partnership Platform – ARCH Venture Partners

We are looking for a full-time analyst to join ARCH Venture Partners (Chicago HQ). This analyst will play a central role in a high-visibility internal project, connecting corporate venture partners and tech scouts with cutting-edge research.

Our ideal candidate is self-directed, detail-oriented, and comfortable exercising initiative and operating with minimal guidance. Candidates must be excited about cutting-edge scientific technologies and comfortable going deep in a wide range of scientific domains.

This role is ideal for a high-performing person who is early in their career and wants to learn about the commercialization of science, corporate technology scouting, and venture capital.

Get information here!

 Analyst – NewSpring Capital

NewSpring Capital is looking for an analyst to support its Mezzanine strategy. In this position, you will play a critical role on our team of investment professionals who help to source new deals and manage our existing portfolio companies. You will provide support throughout the investment process and be involved in all aspects of the investment lifecycle including sourcing, underwriting and execution, monitoring and exiting.

Get all the details here!

August 2021

Nonprofit with venture capital model seeking new board members

A Better Chicago, a nonprofit venture philanthropy that aims to change how Chicago fights poverty, is seeking additional Board and Leadership Council members to provide strategic guidance, oversight, and support to the organization. A Better Chicago leverages a venture capital approach by investing in only the most promising and bold ideas that provide impactful, scalable opportunities for youth living in the city’s most vulnerable communities. Since 2010, A Better Chicago has raised more than $55 million to invest in its diversified portfolio of nonprofit organizations and to support over 100 capacity-building projects—ranging from strategic planning to leadership development—to strengthen the organizational capacity of its grantees. In total, A Better Chicago’s portfolio serves over 43,000 youth annually in the Chicago area.

Joining A Better Chicago’s Board of Directors or Leadership Council provides an unparalleled opportunity to impact Chicago while engaging in a community of like-minded leaders. The Board of Directors and Leadership Council are comprised of ambitious and experienced leaders from the public and private sectors who help shape the organization’s vision and strategy, interact with our community, and have access to exclusive, one-of-a-kind events. All Board and Leadership Council members share the organization’s values and are deeply committed to the mission of fighting poverty with opportunity. To learn more, please contact: Beth Swanson, Chief Executive Officer (bswanson@abetterchicago.org) or Becky Betts, Chief Marketing and External Affairs Officer (bbetts@abetterchicago.org) or visit abetterchicago.org.

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