IVCA Newsletter May 11, 2022

Association News

IVCA Feature: First Quarter 2022 Report Card for Venture Capital & Private Equity

Sign up! “What Limited Partners are Talking About” Find out on May 18th!

Sign up! IVCA Diversity Series Continues – Register Now for 6/29, 9/8 and 11/18 Sessions!

Sign up! “Web3 is coming. Are your teams ready?” on July 12th

Legislative News

IVCA Provides Updates for State Legislative Issues – 04/27/2022

IVCA Events

May 18, 2022 IVCA Annual Spring Luncheon sponsored by Baker Tilly and Ropes & Gray

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!

September 22, 2022 – 2022 Momentum Awards

Industry News

Martin Partners has recruited Jon Reepmeyer to Club Champion as CFO

HPA Leads $1.7M Funding of S.I. Container Builds

Thoma Bravo Completes Strategic Growth Investment in Circle Cardiovascular Imaging

Concentric Equity Partners Announces Formation of Leap Partners Holdings LLC

Locke Lord Team Represented Rapid Genomics in Sale to LGC

Sidley Represents Precisely in Strategic Investment by Insight Partners and Partners Group

HealtheMed Secures Funding to Fuel Expansion of Digital Care Service; OCA Ventures Participates

GTCR and Dreamscape Announce Strategic Investment in SQAD

The Bottom Line: NewSpring Invests in Federal Donuts

Hyde Park Venture Partners Leads $3.5M Funding of Travel app Out of Office to take on Tripadvisor; HPA Participates

Watch: Sidley Private Funds 2022 – The Growth of Venture Capital Funds

BriteCo Raises $9M in Series A Funding; HPA Participates

IAC’s Vivian Health Announces $60 Million Investment Led by Thoma Bravo

GTCR Announces Partnership with Kelly McCrann to Form Avryo Healthcare

Sidley Represents Perforce in Acquisition of DevOps Pioneer Puppet

Water Street Closes $1.4 Billion Fund

Growth Catalyst Partners Announces Final Closing of GCP II at $270 million, Oversubscribed and at its Hard Cap

Monroe Capital Closes on $4.8 Billion of Direct Lending Funds

Sidley Represents Navigator Global Investments Limited in “GP Stake” Acquisition

Alexandra Cohen Joins 7wireVentures as Director of Investor Relations

Origin Ventures Promotes Jacquie Marshall Siegmund to Principal

Monroe Capital Wins Small Mid-Markets Lender of the Year Award for 2022 by Global M&A Network

Raymond James Financial To Acquire OCA Ventures Port Co SumRidge Partners

Water Street Completes Sale of Custopharm

Clearlake Capital and TA Associates to Acquire Kofax, a Provider of Intelligent Automation Software, from Thoma Bravo

Cressey & Co Backed Lifeway Mobility Announces Acquisition of Accessible Systems, Inc.

Wind Point Partners Port Co Vertex Acquires Neptune Fire Protection Engineering

Water Street Backed THREAD Acquires CureClick to Enrich Decentralized Clinical Trials Platform

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!

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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