IVCA Newsletter – September 20, 2023

Association News

IVCA Feature: Techstars Chicago Announces Fall ‘Class of 2023’

Legislative News

IVCA Provides Updates for State Legislative Issues – 09/20/2023

IVCA Events

October 26, 2023 – 2023 IVCA CFO Summit

December 4, 2023 – 2023 IVCA Awards Dinner

Other Events of Interest

September 28, 2023 – MVCA 16th Annual Awards Dinner

Industry News

Baird Capital Exits Portfolio Company CAV Systems

Wind Point Partners Announces Sale Of Kleinfelder To Lindsay Goldberg

Frontenac Announces Partnership with a Leading New England-Based Foodservice Distribution Platform, City Line Distributors

Top Six PE Trends Impacting Tech Companies – BDO

Locke Lord Represents Lime Rock New Energy in Acquisition of Power TakeOff | Experience | Locke Lord

Ropes & Gray Represents Berkshire Partners and Accela in Securing Investment from Francisco Partners

Sidley Advises on Launch of Mercury 13, a Women’s Sports Investment Vehicle

Sidley Represents the Professional Fighters League in US$100 Million Investment by PIF

GTCR Announces Acquisition of Foundation Source

Star Therapeutics raises $90 million financing to accelerate its pipeline of novel antibody therapies and growth of its portfolio companies; Agent Capital Participates

Locke Lord Team Advises Greenbacker Capital Management’s Strategic Equity Investment in Telyon | Experience | Locke Lord

Ropes & Gray Represents Advent International in Sale of Premium Chocolate Company to Nestlé

Sidley Represents Audeze in Its Acquisition by Sony Interactive Entertainment

Sidley Advises Tamnoon in Its Series Seed Financing

Monroe Capital Supports Specialized Packaging Group’s Acquisition of Protective Packaging Solutions

R&T Deposit Solutions Announces Strategic Investment from GTCR and Appointment of Susan Cosgrove as Executive Chairperson

NextGen Healthcare Enters into Definitive Agreement to Be Acquired by Thoma Bravo

Leonid Capital Partners Secures $200 Million Credit Facility from Victory Park Capital to Support Government Contractors

Ropes & Gray Represents TPG in the Sale of Creative Artists Agency

Sidley Represents Naturium in Its US$355 Million Acquisition by e.l.f. Beauty

Sidley Advises Simple Closure Inc. in its Series Seed Financing

Prospect Partners Announces Hire of Financial Operating Partner

Arbor Investments Appoints John Jordan as COO

Prairie Capital Welcomes Tyler Grumhaus, Associate

Crain’s Chicago Business Names Victory Park Capital to 2023 Best Places to Work in Chicago List

Ropes & Gray Represents Seagate in $1.5 Billion Financing Deal

Sidley Represents Clearlake Capital-Backed Discovery Education in Its Acquisition of DreamBox Learning

Sidley Update: Private Funds Rules Published in Federal Register – Compliance Dates Now Set

Sidley Update: SEC Marketing Rule Enforcement: Charges Against Nine Registered Investment Advisers Over Hypothetical Performance Advertising

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!  Chicago Pacific Founders – Senior Fund Controller


Chicago Pacific Founders (CPF) is a top decile Chicago‐based private equity firm that was established in 2014 to serve as a registered investment advisor that manages private funds and partners with companies that the firm believes are position to lead innovations in healthcare delivery and in caring for aging populations. CPF primarily focuses on growth companies in targeted sectors where the fund can contribute significantly beyond its capital.

Currently, through its three buy‐out funds and a Healthcare focused real estate fund, the firm has 24 investments across multiple investment strategies, including healthcare real estate.


The Senior Fund Controller will support the growth of its investment platform and play a key leadership role in the CPF’s accounting, tax, and financial reporting functions. The role will work closely with the firm’s CFO/CCO and COO, this professional will handle critical areas of the firm’s investment and accounting process, including maintenance of the management company general ledger, treasury and cash management, quarterly financial reporting, the creation, and maintenance of supporting schedules, reporting to investors, and collaboration with the firm’s fund administration team on all fund accounting matters.

For more detail, please click HERE!

CONTACT:  David Han, dhan@cpfounders.com

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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