IVCA 2016 Membership Directory_flip

2016

Membership Directory

SERVING PRIVATE INVESTORS IN PRIVATE COMPANIES



2016
Membership
Directory

t 312.241.1618
f 312.241.1623
www.illinoisVC.org

ILLINOIS VENTURE CAPITAL ASSOCIATION
2016 Staff

Executive Director
Maura O’Hara

Phone: 312/241-1615
[email protected]

Government Affairs Liaison
David Stricklin

Stricklin & Associates
312/236-6500

[email protected]

Association Coordinator
Kathleen Pyne

Phone: 312/241-1620
[email protected]

2

About
IVCA

About
IVCA



The Illinois Venture Capital Association (IVCA) is a
non-profit trade organization (501(c)(6)) committed to advo-
cating for the growth of the Midwest's $100B Venture
Capital and Private Equity community. IVCA represents virtu-
ally all of the most successful firms and many key emerging
managers. The IVCA membership is comprised 60% of ven-
ture capital/private equity investor firms and 40% service
providers including accounting firms, banks, consultants,
executive recruiters, financial services, human resources,
insurance, law firms, and wealth management who support
the private equity industry.
IVCA's educational outreach targets interaction with:

• Government leaders
• Limited Partner Community
• Influential Entrepreneurial Groups
• Key industry groups outside our geography

Membership Benefits include:

Government Affairs
Governmental affairs efforts include monitoring of leg-
islative activities and working with the governor and state
cabinet agencies, the mayor of the city of Chicago, key
city and county governments across the state, constitu-
tional officers, the legislature and their staffs to support
initiatives of the industry.

Networking Events
These events are informal and designed to nurture the
camaraderie of the venture capital/private equity commu-
nity.

3

Educational and Business Events
Planning committees for these events are chaired by
Investor members who help identify appropriate and
timely content. IVCA Service Provider members are
sought to provide content for these events.
Communication
Regular information on Association and industry events
and milestones via newsletter and website. Access to
contact information for virtually all Midwest VC/PE pro-
fessionals.

4

ILLINOIS VENTURE CAPITAL ASSOCIATION

2015-16 Officers

Chairman Bob Fealy Limerick Investments
Thoma Bravo
IVCA-PAC Chairman Lee M. Mitchell Wind Point Partners
Frontenac Company
IVCA-PAC Vice Chair James TenBroek Svoboda Capital Partners
Zebra Technologies
Vice Chairman Walter Florence

Treasurer Jeff Piper

Secretary Tony Palcheck

Past Chairpersons

2014-2015 Lee M. Mitchell Thoma Bravo
2012-2013
2010-2012 Darren Snyder Prairie Capital
2009-2010
2008-2009 James TenBroek Wind Point Partners
2006-2007
2005-2006 Ellen Carnahan Machrie Enterprises
2004-2005
2003-2004 Danny Rosenberg Sterling Partners
2002-2003
2001-2002 Keith Crandell ARCH Venture Partners

Keith Bank KB Partners

Robert Finkel Prism Capital

Steve Beitler Dunrath Capital

Bret Maxwell MK Capital

Carl Thoma Thoma Cressey Equity Partners

5

IVCA Board of Directors

Chairman Bob Fealy Limerick Investments, LLC
Vice Chairman Walter Florence Frontenac Company
IVCA-PAC Chairman Lee M. Mitchell Thoma Bravo, LLC
IVCA-PAC Vice Chairman Jim TenBroek Wind Point Partners
Secretary Tony Palcheck Zebra Technologies
Treasurer Jeffrey Piper Svoboda Capital Partners
John Banta BlueCross BlueShield Venture Partners
Bruce Barron Origin Ventures
Karen Buckner MK Capital
Barrett Carlson CapX Partners
Craig Collister RoundTable Healthcare Partners
Keith Crandell ARCH Venture Partners
Sean Cunningham GTCR LLC
Tom Danis, Jr. RCP Advisors LLC
Jeff Diehl Adams Street Partners, LLC
Jim Dugan OCA Venture Partners
Douglas Grissom Madison Dearborn Partners LLC
Justin Ishbia Shore Capital Partners
Steve Kaplan Chicago Booth
Mike Kocourek Mid Oaks Investments LLC
Jim Macdonald First Analysis
John Malloy The Edgewater Funds
Rocco Martino LaSalle Capital
Bob Morgan 50 South Capital Advisors, LLC
Chad Peterson Victory Park Capital
Troy Phillips Beecken Petty O'Keefe & Company
J.B. Pritzker Pritzker Group Venture Capital
Benedict Rocchio Baird Capital
Danny Rosenberg Sterling Partners
Darren Snyder Prairie Capital
Jennifer Steans Financial Investments Corporation
Rick Tuttle Prospect Partners LLC

Executive Director Maura O'Hara IVCA

6

2011 IVCA Scholar

Cass Gunderson University of Illinois
Caitlin Riederer University of Illinois

2010 IVCA Scholar

Zhiwei Ying University of Illinois

2009 IVCA Scholar

Nathan Barajas University of Illinois
Angela Chi University of Illinois at Chicago

2008 IVCA Scholar

Jason Aguiar University of Illinois
Roy Beckham University of Illinois
Azure Nelson University of Illinois
Mike Webb University of Illinois

2007 IVCA Scholar

Peter Alonso University of Illinois
Ashton Clark University of Illinois
Lesley Winbush University of Illinois

7

In 2002, the Illinois Venture Capital Association initiated the practice of hon-
oring individuals that have made significant contributions to the growth and
success of the venture capital/private equity industry and to the develop-
ment of the Illinois Venture Capital Association.

The Stanley C. Golder Award
The Stanley C. Golder Award was created in memory of Stanley C. Golder,
a founder of the private equity industry. The award honors individuals who
have made profound and lasting contributions to the private equity industry
in Illinois.

2015 Award Recipient
Peter J. Barris, New Enterprise Associates

2013 Award Recipient
Theodore L. Koenig, Monroe Capital

2012 Award Recipient
T. Bondurant French, Adams Street Partners

2011 Award Recipient
Brian P. Simmons, CHS Capital

2010 Award Recipient
Lester B. Knight, RoundTable Healthcare Partners

2009 Award Recipient
Bryan Cressey, Cressey & Company
John L. Hines, President(Retired) Continental Illinois Venture Corporation,
Continental Illinois Equity Corporation

2008 Award Recipient
Kevin R. Evanich, Kirkland & Ellis LLP

2007 Award Recipient
Samuel B. Guren, Guren Capital Management, LLC

2006 Award Recipients
Paul J.Finnegan, Madison Dearborn Partners
Samuel M. Mencoff, Madison Dearborn Partners

2005 Award Recipient
Gary P. Brinson, GP Brinson Investments

2004 Award Recipient
Ned Heizer, Jr.

2003 Award Recipient
Bret R. Maxwell, MK Capital

2002 Award Recipient
Carl D. Thoma, Thoma Cressey Equity Partners

8

Richard J. Daley Medal

In honor of Mayor Richard J. Daley’s vast economic accomplishments, the Richard
J. Daley Medal honors a single individual who has given extraordinary support to
the State of Illinois while participating in or being an advocate for the venture cap-
ital and private equity community.

2015 Award Recipient
Warren E. Holtsberg, MVC Capital

2014 Award Recipient
Steven N. Miller, Origin Ventures

2013 Award Recipient
James J. O’Connor, Jr., MVC Capital

2012 Award Recipient
James A. Johnson, Apex Venture Partners

2011 Award Recipient
Scott F. Meadow, University of Chicago Booth School of Business

2010 Award Recipient
Robert L. Fealy, Duchossois Technology Partners

2009 Award Recipient
J.B. Pritzker, The Pritzker Group, New World Ventures

2008 Award Recipient
Richard L. Thomas, First Chicago NBD Corporation

2007 Award Recipient
Steven N. Kaplan, University of Chicago GSB

2006 Award Recipient
Donald W. Phillips, WP Global Partners

2005 Award Recipient
Norman R. Bobins, LaSalle Bank N.A.

2004 Award Recipient
James C. Tyree, Mesirow Financial

2003 Award Recipient
Bruce V. Rauner, GTCR Golder Rauner, LLC

2002 Award Recipient
Martin J. Koldyke, Frontenac Company

9

Fellows Medal

The Fellows Medal recognizes individuals for their outstanding contributions to
the venture capital and private equity profession and to the Illinois Venture
Capital Association (IVCA).

2015 Award Recipient
Lee M. Mitchell, Thoma Bravo

2014 Award Recipient
Darren M. Snyder, Prairie Capital

2013 Award Recipient
James F. Dugan, OCA Ventures

2012 Award Recipient
James P. TenBroek, Wind Point Partners

2010 Award Recipient
Mark Glennon, Ninth Street Advisors

2009 Award Recipient
Danny Rosenberg, Sterling Partners

2008 Award Recipient
Keith L. Crandell, ARCH Venture Partners

2007 Award Recipient
John R. Willis, Willis Stein & Partners

2006 Award Recipient
Keith D. Bank, KB Partners

2005 Award Recipient
Robert Finkel, Prism Capital

2004 Award Recipients
Stephen S. Beitler, Dunrath Capital

Bob Geras, LaSalle Investments
2003 Award Recipients

Ellen Carnahan, William Blair Capital Partners
Steven Lazarus, ARCH Venture Partners
2002 Award Recipients
Jack S. Levin, Kirkland & Ellis

T. Bondurant French, Adams Street Partners
John A. Canning, Jr., Madison Street Partners Inc.

10

IVCA Portfolio Company of the Year

2015 Recipient for Venture Capital
Paylocity

2015 Recipient for Private Equity
Sterigenics International

The recognized companies were selected based on the following criteria:
• An Illinois company, VC/PE backed, had a realized liquidity event
in the last 3 years with clear, recognizable metrics of success
• Examples of recognizable metrics of success
• High multiple at exit
• Speed to achieve key milestones
• Revenue Growth
• Net Growth
• Employment Growth
• Introduced a key & impactful technology
• Turnaround Story
• Other

Previous Awardees
2014 GrubHub (Venture backed)
2014 Fieldglass (Private equity backed)
2013 Gogo (Venture backed)
2013 Actient Pharmaceuticals (Private equity backed)
2012 SurePayroll (Venture backed)
2012 Flexera Software (Private equity backed)
2011 Accretive Health (Venture backed)
2011 Great Kitchens (Private equity backed)
2010 Initiate Systems, Inc. (Venture backed)
2010 Ovation Pharmaceuticals, Inc. (Private equity backed)

11

IVCA Portfolio Company Hall of Fame

2011 Inductee
SPSS Inc.

2010 Inaugural Inductees
Archipelago, Inc.
Bakery Chef, Inc.

CCC Information Services, Inc.
DeVry, Inc.

Levy Restaurants
The IVCA Hall of Fame recognizes Illinois companies that have been venture
or private equity backed and are indisputable examples of successful invest-
ments both in terms of return to investors and longevity.

• Greater than 4x return to investors
• Exit longer than 5 years ago
• Significant job creation
• Approved by a more than 75% vote of IVCA Board of Directors

12

Sponsoring Members

Baker Tilly Virchow Krause, LLP
Edelman
EY

Greenberg Traurig, LLP
Kirkland & Ellis LLP

Kutchins, Robbins & Diamond, Ltd.
Neal, Gerber & Eisenberg LLP
Ropes & Gray LLP
Silicon Valley Bank

Please see “Sponsoring Member” section
for more information.

13

Investor Members

50 South Capital Advisors, LLC *
Adams Street Partners *
Anderson Pacific Corporation
Arbor Investments
ARCH Venture Partners *
Baird Capital *
Beecken Petty O'Keefe & Company *
BlueCross BlueShield Venture Partners
CapX Partners
Chicago Ventures
Chrysalis Ventures
CME Ventures
Cressey & Company LP *
Duchossois Capital Management
Dundee Venture Capital
Edgewater Funds *
Financial Investments Corporation
First Analysis *
Frontenac Company *
GTCR LLC
H.I.G. Capital
Harrison Street Capital
High Street Capital *
Hyde Park Angels
Hyde Park Venture Partners
IllinoisVENTURES
Jump Capital
LaSalle Capital
Limerick Investments
Linden Capital Partners
Madison Dearborn Partners
MATH Venture Partners
Mesirow Financial Private Equity *
Mid Oaks Investments *

* Denotes Founding Member

14

Investor Members continued

MK Capital *
Monroe Capital
Motorola Solutions Venture Capital *
MVC Capital
New Enterprise Associates
NIN Ventures
OCA Venture Partners *
Origin Ventures
Paradigm Capital Ltd. *
ParkerGale Capital
Patriot Capital
PPM America Capital Partners
Prairie Capital *
Pritzker Group Private Capital
Pritzker Group Venture Capital *
Prospect Partners
RCP Advisors
River Cities Capital Funds
Romar Partners
RoundTable Healthcare Partners
Sandbox Industries
Shore Capital Partners
Sterling Partners *
Svoboda Capital Partners *
The Vistria Group
Thoma Bravo *
Victory Park Capital
Water Street Healthcare Partners
Waveland Investments
Wind Point Partners *
Winona Capital Management
WP Global Partners
Wynnchurch Capital
Zebra Technologies

15

Service Provider Members

Andersen Tax, LLC
Baker Tilly Virchow Krause, LLP
CBRE, Inc.
Citizens Bank
Deloitte LLP
DLA Piper LLP (US)
Edelman
EmPowerHR
EY *
Freeborn & Peters LLP
Greenberg Traurig, LLP
Horwood Marcus & Berk Chartered
Houlihan Lokey
Jenner & Block LLP
Jones Day
JP Morgan
Katten Muchin Rosenman LLP
Kelley Drye & Warren LLP
Kirkland & Ellis LLP
KPMG LLP
Kutchins, Robbins & Diamond, Ltd.
Latham & Watkins LLP
Locke Lord LLP
Martin Partners
Mayer Brown LLP
McDermott Will & Emery LLP
Neal, Gerber & Eisenberg LLP
Plante Moran, PLLC
Polsinelli PC
PricewaterhouseCoopers
Ropes & Gray LLP
RSM US LLP
Sidley Austin LLP
Silicon Valley Bank
Square 1 Bank

* Denotes Founding Member

16

Service Provider Members continued
Stern Cassello & Associates, LLP
The PrivateBank
Thompson Flanagan & Co.
Vedder Price P.C.
William Blair
Winston & Strawn LLP
Wintrust Commercial Bank
* Denotes Founding Member

17

Academic Members

Heizer Center for Private Equity and Venture Capital,
Kellogg School of Management, Northwestern University

University of Chicago Booth School of Business (Chicago Booth)
University of Illinois - College of Business
University Technology Park at IIT

Honorary Members

Chicago Teachers' Pension Fund
Golder Investment Management LLC
Illinois Municipal Retirement Fund
Illinois State Board of Investment
State Universities Retirement System
Teachers' Retirement System of the State of Illinois

18

Investor
Members

Investor
Members



50 South Capital Advisors LLC

Founding Firm
50 South LaSalle Street
M-12
Chicago, IL 60603
Phone: 312/630-6000
www.50SouthCapital.com

Investor Type: LP

LP Type: Fund of Funds

Year Founded: 2000

Assets Under Management: $(MM) 2,800

Fund of Funds AUM: $(MM) 2,100

SBIC Equity: Yes

SBIC Debt: Yes

Geographic Preference: All U.S., Europe

Industry Preference: Biotechnology, Business Products and
Services, Computers and Peripherals, Consumer Products and
Services, Direct Marketing, Electronics/Instrumentation, IT
Services, Life Sciences, Media and Entertainment, Medical
Devices and Equipment, Networking and Equipment

Stage Preference: BUYOUT, VC-EARLY STAGE,
VC-EXPANSION/GROWTH STAGE, VC-START UP

Ownership Preference: Control, 100%

Description: 50 South Capital Advisors, LLC, is an alternatives
asset management firm that is designed to meet the core,
strategic needs of investors seeking access to hedge funds and
private equity. Its highly experienced team works closely with a
wide range of investors to fulfill their specific investment
objectives and create lasting relationships. 50 South Capital’s

19

investment philosophy focuses on providing access primarily to
small to mid-sized funds that offer unique and differentiated
sources of return. 50 South Capital is a wholly-owned, non-
banking subsidiary of Northern Trust Corporation.

Northern Trust Corporation (Nasdaq: NTRS) (“Northern Trust”) is
a leading provider of wealth management, asset servicing, asset
management and banking to corporations, institutions, affluent
families and individuals. Founded in Chicago in 1889, Northern
Trust has offices in the United States in 19 states and
Washington, D.C., and 20 international locations in Canada,
Europe, the Middle East and the Asia-Pacific region. As of
September 30, 2015, Northern Trust had assets under custody of
US$6 trillion, and assets under management of US$887 billion.
For more than 125 years, Northern Trust has earned distinction
as an industry leader for exceptional service, financial expertise,
integrity and innovation.

Firm Contacts:

Brad Dorchinecz
[email protected]

Emily Fraser
[email protected]

Trey Hart
[email protected]

Kevin Kresnicka
[email protected]

Bob Morgan
[email protected]

20

Adams Street Partners, LLC

Founding Firm
One North Wacker Drive
Suite 2200
Chicago, IL 60606
Phone: 312/553-7890
www.adamsstreetpartners.com

Investor Type: Direct Investor and LP

Source of Funding: Fund of Funds, PE Fund (GP/LP), VC Fund

Year Founded: 1972

Assets Under Management: $(MM) 27,200

Buyouts AUM: $(MM) 14,700

VC AUM: $(MM) 7,200

Fund of Funds AUM: $(MM) 21,200

SBIC Equity: No

SBIC Debt: No

Geographic Preference: All U.S., North America, Asia,
Europe

Stage Preference: BUYOUT, GROWTH STAGE,
VC-EXPANSION/GROWTH STAGE

Investment Size Preference: $5M-$300 Million

Ownership Preference: Minority

Description: Adams Street Partners is a 100% independent
and employee-owned firm completely dedicated to private
equity investment management. Founded in 1972, the firm
developed an early focus on direct venture and growth equity
investments prior to establishing the industry’s first private equity

21

fund-of-funds in 1979. Following this, we began making
secondary and co-investments, formalizing each of those
programs with the launches of dedicated strategy-specific funds
in 1988 and 1989 respectively. We have $27.2 billion of assets
under management, all within private equity.

Adams Street currently has 139 employees located in offices in
Chicago, New York, London, Menlo Park, Singapore, Beijing and
Tokyo.

Firm Contacts:

Dave Brett
[email protected]

Kevin Callahan
[email protected]

Jeff Diehl
[email protected]

Gary Fencik
[email protected]

Bon French
[email protected]

Terry Gould
[email protected]

Jason Gull
[email protected]

Quintin Kevin
[email protected]

Kelly Meldrum
[email protected]

22

Anderson Pacific Corporation

455 N. Cityfront Plaza
#2755
Chicago, IL 60611-1962
Phone: 312/602-5488
www.andersonpacific.com

Investor Type: Direct Investor

Source of Funding: Permanent Capital/Family Office

Year Founded: 1988

Assets Under Management: $(MM) 100

Buyouts AUM: $(MM) 50

VC AUM: $(MM) 50

SBIC Equity: No

SBIC Debt: No

Geographic Preference: Midwest Focus, All U.S.

Industry Preference: Media and Entertainment, Networking
and Equipment, Software, Telecommunications

Stage Preference: ANY STAGE

Investment Size Preference: $3M-$5 Million

Ownership Preference: Minority, Control

Description: Anderson Pacific Corporation (APC) is a Chicago-
based private investment firm specializing in developing or
acquiring companies in the telecommunications and media
industries through the extensive experience and relationships of
the APC principals. APC typically invests alongside of current
portfolio company partners in transactions ranging from $1MM
to $10MM.

23

APC initially assists with the management and operations of
companies it has formed. APC owns equity interests, has board
positions, and is active in the procurement of debt, equity, and
the M&A process.
APC has been involved or is currently involved in cable television
systems, local and competitive exchange carriers, wireless cellular
providers, prepaid cellular and long distance, regional fiber optic
networks, data centers, spectrum licenses, cellular tower assets,
wireless remote monitoring and cellular backhaul ventures.
Firm Contacts:
Ken Anderson
[email protected]
Chris Jensen
[email protected]

24

Arbor Investments

676 N. Michigan Avenue
34th Floor
Chicago, IL 60611
Phone: 312/981-3770
www.arborpic.com
Investor Type: Direct Investor
Source of Funding: PE Fund (GP/LP)
Year Founded: 1999
Assets Under Management: $(MM) 469
Buyouts AUM: $(MM) 469
SBIC Equity: No
SBIC Debt: No
Geographic Preference: All U.S., North America
Industry Preference: Food, Beverage and Related
Stage Preference: BUYOUT
Investment Size Preference: $10M->$30 Million
Ownership Preference: Control
Description: Founded in 1999 and headquartered in Chicago,
IL Arbor Investments is a specialized private equity firm that
focuses exclusively on acquiring premier companies in the food,
beverage and related industries. The firm has acquired or
invested in over 44 food and beverage companies in North
America.

25

Firm Contacts:
Richard Boos
[email protected]
Joseph Campolo
[email protected]
Brody Lynn
[email protected]
Ryan McKenzie
[email protected]
Gregory Purcell
[email protected]
Alan Weed
[email protected]

26

ARCH Venture Partners

Founding Firm
8725 West Higgins Road
Suite 290
Chicago, IL 60631
Phone: 773/380-6600
www.archventure.com

Investor Type: Direct Investor

Source of Funding: VC Fund (GP/LP)

Year Founded: 1986

Assets Under Management: $(MM) 1857

VC AUM: $(MM) 1857

SBIC Equity: No

SBIC Debt: No

Geographic Preference: All U.S.

Industry Preference: Life Sciences, Physical Sciences,
Information Technology

Stage Preference: VC-EARLY STAGE, VC-SEED STAGE,
VC-START UP

Ownership Preference: Minority

Description: ARCH Venture Partners invests in the
development of seed and early stage technology companies that
have the potential to grow rapidly into successful businesses.

ARCH invests primarily in companies co-founded with leading
scientists and entrepreneurs, concentrating on bringing to
market innovations in life sciences, physical sciences, and
information technology. We enjoy special recognition as a leader
in the successful commercialization of technologies developed at
academic research institutions and national laboratories.

27

ARCH currently manages eight funds totaling $1.85 billion and
has invested in the earliest venture capital rounds for more than
160 companies.
ARCH maintains offices in Austin, Chicago, San Francisco and
Seattle.

Firm Contacts:
Kristina Burow
[email protected]
Keith Crandell
[email protected]
Clint Bybee
[email protected]
Steve Gillis
[email protected]
Bob Nelsen
[email protected]
Mark McDonnell
[email protected]
Paul Thurk
[email protected]

28

Baird Capital

Founding Firm
227 West Monroe Street
Suite 1900
Chicago, IL 60606
Phone: 888/792-0477
www.bairdcapital.com

Investor Type: Direct Invester

Source of Funding: VC Fund (GP/LP), PE Fund (GP/LP)

Year Founded: 1989

Assets Under Management: $(MM) 3,100

VC AUM: $(MM) 530

Buyouts AUM: $(MM) 2,570

SBIC Equity: No

SBIC Debt: No

Geographic Preference: All U.S., Asia, Europe

Industry Preference: Healthcare, technology & services,
industrial solutions

Stage Preference: BUYOUT, GROWTH STAGE,
VC-EARLY STAGE, VC-EXPANSION/GROWTH STAGE

Investment Size Preference: $3M-$30 Million

Ownership Preference: Minority, Control, >50%

Description: Baird Capital makes venture capital, growth
equity and private equity investments in strategically targeted
sectors in the U.S., U.K., and China. Having invested in nearly
300 companies over its history, Baird Capital partners with
entrepreneurs and leverages its executive networks to build
exceptional companies. Baird Capital provides operational

29

support to its portfolio companies through teams on the ground
in Asia, a pro-active portfolio operations team and a deep
network of relationships which together deliver enhanced
shareholder value. Baird Capital is the direct private investment
arm of Robert W. Baird & Co.

Baird Capital's venture capital fund makes investments in early
and growth stage companies in the Technology Enabled Services
and Healthcare sectors investing up to $10 million per company
over the life of the investment.

Baird Capital's global private equity team provides change-of-
control and growth capital to lower middle market companies in
the Technology & Services, Industrial and Healthcare sectors,
targeting companies with EBITDA greater than $5 million. Target
equity investments range from $15 million to $35 million.

Firm Contacts:

Michael Bernstein
[email protected]

Andrew Brickman
[email protected]

Tom Costello
[email protected]

John DiGiovanni
[email protected]

Alex Kessel
[email protected]

Michael Liang
[email protected]

Joanna Linsley
[email protected]

Randy Mehl
[email protected]

30

Rob Ospalik
[email protected]
Gordon Pan
[email protected]
Jim Pavlik
[email protected]
Momei Qu
[email protected]
Benedict Rocchio
[email protected]
Aaron Rudberg
[email protected]
Scott Skie
[email protected]

31

Beecken Petty O’Keefe & Company

Founding Firm
131 S. Dearborn St
Suite 2800
Chicago, IL 60603
Phone: 312/435-0300
www.bpoc.com

Investor Type: Direct Investor

Source of Funding: PE Fund (GP/LP)

Year Founded: 1996

Assets Under Management: $(MM) 1,200

Buyouts AUM: $(MM) 1,200

SBIC Equity: No

SBIC Debt: No

Geographic Preference: North America

Industry Preference: Healthcare

Stage Preference: BUYOUT

Investment Size Preference: >$30 Million

Ownership Preference: Control

Description: Beecken Petty O'Keefe & Company is a
Chicago-based private equity management firm founded in 1996
to primarily make privately-negotiated equity and equity related
investments in middle market companies based in the United
States and operating in the health care industry.

Four characteristics define our firm:
We focus exclusively on the healthcare industry, one of the
largest and fastest growing sectors of the economy;

32

We have significant operating and investment experience in the
healthcare industry. Our partnership is comprised of seasoned
operating and financial executives with decades of experience
providing operating and financial support to growing companies;

We are committed to maintaining our active involvement with
portfolio companies. Our skills will significantly benefit portfolio
companies, particularly with respect to identifying and evaluating
acquisition opportunities, assessing risks, and securing capital for
growth and liquidity; and

We pride ourselves in maintaining a collaborative relationship
among all of our partners and portfolio company executives,
ensuring all portfolio companies access to the full range of the
firm's experience and intellectual resources.

Firm Contacts:

Dave Beecken
[email protected]

Julian Carr
[email protected]

Dave Cooney
[email protected]

Adam Hentze
[email protected]

Mark Holmquist
[email protected]

Scott Kabbes
[email protected]

John Kneen
[email protected]

Peter Magas
[email protected]

33

Greg Moerschel
[email protected]
Ken O'Keefe
[email protected]
Grant Patrick
[email protected]
Bill Petty, Jr.
[email protected]
Troy Phillips
[email protected]
Tom Schlesinger
[email protected]
Tim Sheehan
[email protected]

34

BlueCross BlueShield Venture Partners

225 N Michigan Avenue
Chicago, IL 60601
Phone: 312/297-6000
www.bcbsvp.com

Investor Type: Direct Investor

Source of Funding: Corporate VC

Year Founded: 2008

Assets Under Management: $(MM) 305

VC AUM: $(MM) 305

SBIC Equity: No

SBIC Debt: No

Geographic Preference: All U.S.

Industry Preference: Healthcare

Stage Preference: BUYOUT, GROWTH STAGE, VC-EARLY
STAGE, VC-EXPANSION/GROWTH STAGE, VC-SEED STAGE,
VC-START UP

Investment Size Preference: $5M-$10 Million

Ownership Preference: Minority, Control

Description: BlueCross BlueShield Venture Partners drives
innovation in healthcare by investing in promising early stage
companies that promote efficiencies, lower costs and improve
patient care. BCBSVP manages two funds with approximately
$300 million in committed capital from 23 independent
BlueCross and BlueShield plans.

35

Firm Contacts:
John Banta
[email protected]
Mitch Helfand
[email protected]

36

CapX Partners

155 N. Wacker Dr
Suite 1760
Chicago, IL 60606
Phone: 312/893-7400
www.capxpartners.com

Investor Type: Direct Investor

Source of Funding: Mezzanine Fund (GP/LP)

Year Founded: 1999

Assets Under Management: $(MM) 225

Mezzanine AUM: $(MM) 225

SBIC Equity: No

SBIC Debt: Yes

Geographic Preference: All U.S.

Industry Preference: Manufacturing, Distribution,
Technology, Energy and Healthcare

Stage Preference: BUYOUT, MEZZANINE,
VC-EXPANSION/GROWTH STAGE

Investment Size Preference: $3M-$30 Million

Description: CapX Partners specializes in providing equipment
leasing, loans and secured mezzanine capital to private equity
and venture capital backed portfolio companies. CapX currently
has $225 million in capital under management. Primarily focused
on financing mission critical equipment for middle market
companies with stable financials and a minimum EBITDA of
$2MM, CapX employs $2 to $20 milion per transaction. CapX
will invest at the time of acquisition, recap, or expansion and is
often involved when a company is reaching its' senior debt
capacity, to finance non-traditional equipment, or in the case of
a story credit. Industry preferences include manufacturing,

37

distribution and service. CapX's Funds II (vintage 2001), III
(vintage 2005) and IV (vintage 2011) are Federal licensees under
the Small Business Investment Act of 1958 as amended.
Firm Contacts:
Barrett Carlson
[email protected]
Jim Hallene
[email protected]
Jeff Pfeffer
[email protected]

38

Chicago Ventures

222 Merchandise Mart Plaza
Ste. 1212
Chicago, IL 60654
www.chicagoventures.com

Investor Type: Direct Investor

Source of Funding: VC Fund (GP/LP)

Year Founded: 2011

Assets Under Management: $(MM) 100

VC AUM: $(MM) 100

SBIC Equity: No

SBIC Debt: No

Geographic Preference: Central Region

Industry Preference: Technology-enabled businesses across
many industries from healthcare to ad-tech.

Stage Preference: VC-Early Stage

Investment Size Preference: Up to $1 Million

Ownership Preference: Minority

Description: Chicago Ventures is an early-stage venture capital
fund. We invest in exceptional entrepreneurs and their innovative
technology companies that are disrupting a large market
opportunity. We primarily invest in Chicago and the Central
region of the country, providing engaged support through our
operating experience, advisors, and network to help our
portfolio companies build great businesses.

39

Firm Contacts:
Peter Christman
[email protected]
Jason Duboe
[email protected]
Ezra Galston
[email protected]
Lindsay Knight
[email protected]
Stuart Larkins
[email protected]
Kevin Willer
[email protected]

40

Chrysalis Ventures

101 South Fifth Street
Suite 1650
Louisville, KY 40202
Phone: 502/583-7644
www.chrysalisventures.com

Investor Type: Direct Investor

Source of Funding: VC Fund (GP/LP)

Year Founded: 1993

Assets Under Management: $(MM) 275

VC AUM: $(MM) 275

SBIC Equity: Yes

SBIC Debt: No

Geographic Preference: Midwest Focus

Industry Preference: Education, Healthcare, Healthcare
Services, Technology

Stage Preference: GROWTH STAGE, VC-EARLY STAGE,
VC-EXPANSION/GROWTH STAGE, VC-START UP

Investment Size Preference: <$1M-$30 Million

Description: Founded in 1993, Chrysalis Ventures manages
one of Mid-America's largest funds for early and growth-stage
investments. We are focused on building great businesses in
industries undergoing significant transformation, primarily in the
Healthcare and Technology sectors.

Chrysalis partners with talented entrepreneurs by providing the
business intelligence, market knowledge, deep resources, and
financial discipline that are critical to success. We take a direct,
straightforward approach in our work and our relationships,

41

challenging ourselves and entrepreneurs to exceed expectations
and deliver superior results.
Headquartered in Louisville, Kentucky, Chrysalis has
approximately $400 million under management and has invested
in over 60 companies.
Firm Contacts:
Jeremy Burtel
[email protected]
David Jones Jr.
[email protected]
Koleman Karleski
[email protected]
Wright Steenrod
[email protected]

42

CME Ventures

20 S Wacker Drive
Chicago, IL 60606
Phone: 312/930-1000
www.cmegroup.com/cmeventures

Investor Type: Direct Investor

Source of Funding: Corporate VC

Year Founded: 2013

Assets Under Management: undisclosed

Geographic Preference: Global

Industry Preference: Technology

Stage Preference: VC-EARLY STAGE,
VC-EXPANSION/GROWTH STAGE

Investment Size Preference: Up to $5 Million

Ownership Preference: Minority

Description: CME Ventures LLC, a wholly-owned subsidiary of
CME Group, Inc., makes minority stake investments in early stage
technology companies whose innovative products and services
may impact CME Group's business in the longer term. CME
Ventures seeks companies with technologies that could impact
platforms and systems, enhance user experience, or provide new
products and services in the financial ecosystem of the future.

Firm Contacts:

Brandon Gath
[email protected]

Rumi Morales
[email protected]

Justin Strausbaugh
[email protected]

43

Cressey & Company LP

Founding Firm
155 N. Wacker Drive
Suite 4500
Chicago, IL 60606
Phone: 312/945-5700
www.cresseyco.com

Investor Type: Direct Investor

Source of Funding: VC Fund (GP/LP)

Year Founded: 2008

Assets Under Management: $(MM) 385

Buyouts AUM: $(MM) 385

SBIC Equity: No

SBIC Debt: No

Geographic Preference: All U.S.

Industry Preference: Healthcare Services

Stage Preference: GROWTH STAGE

Investment Size Preference: $10M-$30 Million

Ownership Preference: Control

Description: Cressey & Company is a private investment firm
focused exclusively on investing in and building leading
healthcare businesses.

With principals that have relevant experience spanning over 30
years, we believe that our team is one of the most experienced
and successful in middle-market private equity. Based in
Chicago, Illinois, and Nashville, Tennessee, the Firm focuses on
investments in healthcare services, providers, facilities and
information technology.

44