IVCA Newsletter March 30, 2022

Association News

IVCA Feature: Techstars Chicago to Facilitate a Hybrid Program for 2022

The In-person IVCA Annual Spring Luncheon Returns on May 18th!

IVCA Diversity Education Program Continues – Register Now for Upcoming Events!

New Event on the IVCA Calendar! July 12th “Web3 is coming. Are your teams ready?”

Legislative News

IVCA Provides Updates for State Legislative Issues – 03/30/2022

IVCA Events

May 18, 2022 IVCA Annual Spring Luncheon sponsored by Baker Tilly

June 29, 2022 – IVCA Webcast: Inclusion in Action Series, Part 2 – How to be an Upstander When You See Bias in Action

July 12, 2022 – Web3 is coming. Are your teams ready?

September 8, 2022 – IVCA Inclusion in Action, Part 3 – How To Be Authentic at Work, Especially in Uncertain Times

November 18, 2022 – IVCA Inclusion in Action, Part 4 – Strategies for Survival: Cultivating Mentors and Allies for Success

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

Other Events of Interest

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

May 19, 2022 – NVCA’s LP Office Hours: Chicago – Deadline to apply is 4/8/22!

Industry News

Apply Now: Venture Forward’s LP Office Hours in Chicago

Frontenac Closes Oversubscribed Fund XII at $520 Million Hard Cap

Affini-T Therapeutics Completes $175 Million Financing Co-Led by Vida Ventures and Leaps by Bayer; Agent Capital Participates

FLASH Secures Over $250 Million in Round Led by Vista Equity Partners to Advance Connected Mobility Ecosystem

Vedder Price Represents Balmoral Funds in Purchase of Resco Products, Inc.

McDermott Represents Ampersand Capital Partners in Business Combination of Vivitide and Biosynth Carbosynth

Sidley Represents RSA Conference and its PE Sponsors in Spinoff and Strategic Investment

Ropes & Gray Represents 48forty Solutions and Audax Private Equity in New Investment

Origin Ventures Leads $10M Series A Funding of ShopThing to Scale Live Shopping Across US, Canada

Wynnchurch Capital Invests in Ladish Valves, Smith Valves and AIT Brands

Svoboda Capital Partners Announces Partnership with Horwitz

Victory Park Capital Provides Credit Facility to E-Commerce Acquirer and Developer Dragonfly

Monroe Capital Closes $457 Million Collateralized Loan Obligation Transaction

Sidley Represents Clearlake-Backed Cornerstone OnDemand in Acquisition of EdCast

Ropes & Gray Represents Gauge Capital in Strategic Investment in Exigo

Anaplan to be Acquired by Thoma Bravo for $10.7 Billion

Frontenac Partners with Dealer Services Network

Circle Cardiovascular Imaging Announces Strategic Growth Investment from Thoma BravoMonroe Capital Supports Aperture, LLC’s Acquisition of Biomechanical Research & Testing, LLC

Ropes & Gray Advises Welsh Carson and Valtruis in Innovative Merger of Fresenius Health Partners, InterWell Health and Cricket Health

Sidley Represents Clearlake Capital and Motive Partners in Acquisition of BETA+ from London Stock Exchange Group

Periscope Equity Announces Sale of Investment in ​​​​​​​Power Digital

Hyde Park Angels Portfolio Company Popular Pays has been acquired by Lightricks

CORE Industrial Partners Portfolio Company Saylite Acquires Southern Lighting Gallery

WInd Point Partners Port Co STG Logistics Acquires The Intermodal Division Of XPO LogisticsMonroe Capital Supports FFL Partners’ Investment in Optomi Professional Services

Sidley Represents Thompson Street Capital Partners in Its Sale of LTP Home Services Group to L Catterton

BPOC Recognized by BlueWave as a Top 50 Private Equity Firm and a Recipient of The 2022 Innovator Awards

Pritzker Private Capital Expands Operations Team

Ropes & Gray Represents World Insurance Associates in Agreement to Acquire Pensionmark Financial GroupM&A and Private Equity Partner Grace Jamgochian Joins Sidley in New York

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.

April 2022:

ARCH Venture Partners – Senior Fund Accountant

We are looking for an experienced accountant to join our finance and accounting team at ARCH Venture Partners. This position will report to the SVP of Finance and will interact with all members of the accounting and finance team, including the Finance and Accounting Manager, Director of Finance, and CFO.

Get full job description HERE!  Please send inquiries/questions to Zach Wensch.

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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