IVCA 2018 Directory.qxd

2018 Membership Directory
SERVING THE VENTURE CAPITAL AND PRIVATE EQUITY INDUSTRY


2018 Membership Directory
t 312.241.1618 f 312.241.1623
www.illinoisVC.org


ILLINOIS VENTURE CAPITAL ASSOCIATION 2018 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]
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About IVCA
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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.
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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.
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ILLINOIS VENTURE CAPITAL ASSOCIATION 2018 Officers
Chairman
IVCA-PAC Chairman IVCA-PAC Vice Chair IVCA-PAC Vice Chair IVCA Vice Chairman IVCA Treasurer
Walter Florence Bob Fealy
Lee M. Mitchell Jim TenBroek Tony Palcheck Jeff Piper
Frontenac Company Limerick Investments Thoma Bravo
Growth Catalyst Partners Zebra Ventures
Svoboda Capital Partners
2015-2016 2014-2015 2012-2013 2010-2012 2009-2010 2008-2009 2006-2007 2005-2006 2004-2005 2003-2004 2002-2003 2001-2002
Bob Fealy
Lee M. Mitchell Darren Snyder James TenBroek Ellen Carnahan Danny Rosenberg Keith Crandell Keith Bank Robert Finkel Steve Beitler
Bret Maxwell Carl Thoma
Limerick Investments Thoma Bravo
Prairie Capital
Wind Point Partners Machrie Enterprises Sterling Partners
ARCH Venture Partners KB Partners
Prism Capital
Dunrath Capital
MK Capital
Thoma Cressey Equity Partners
Past Chairpersons
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Chairman
IVCA-PAC Chairman IVCA-PAC Vice Chair IVCA-PAC Vice Chair IVCA Vice Chairman IVCA Treasurer
Walter Florence Bob Fealy
Lee M. Mitchell Jim TenBroek Tony Palcheck Jeff Piper
Phil Alphonse John Banta
Bruce Barron Barrett Carlson Craig Collister Keith Crandell Sean Cunningham Tom Danis, Jr.
Jeff Diehl
Jim Dugan
Justin Ishbia
Steve Kaplan Karen Kerr
Mike Kocourek Jim Macdonald John Malloy Upacala Mapatuna Rocco Martino Bob Morgan
Matt Norton
Troy Phillips Benedict Rocchio Darren Snyder Jennifer Steans Rick Tuttle
Maura O'Hara
Frontenac Company Limerick Investments Thoma Bravo
Growth Catalyst Partners Zebra Ventures
Svoboda Capital Partners
The Vistria Group
BlueCross BlueShield Venture Partners Origin Ventures
CapX Partners
RoundTable Healthcare Partners ARCH Venture Partners
GTCR LLC
RCP Advisors LLC
Adams Street Partners, LLC
OCA Venture Partners
Shore Capital Partners
Chicago Booth
GE Ventures
Mid Oaks Investments LLC
First Analysis
The Edgewater Funds
Victory Park Capital
LaSalle Capital
50 South Capital Advisors, LLC Madison Dearborn Partners
Beecken Petty O'Keefe & Company Baird Capital
Prairie Capital
Financial Investments Corporation Prospect Partners LLC
IVCA
Executive Director
IVCA Board of Directors
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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 Roy Beckham Azure Nelson Mike Webb
University of Illinois University of Illinois University of Illinois University of Illinois
Peter Alonso Ashton Clark Lesley Winbush
University of Illinois University of Illinois University of Illinois
2007 IVCA Scholar
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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.
2017 Award Recipient
John A. Hatherly, Wynnchurch Capital
2016 Award Recipient
Paul J. Carbone, Pritzker Group Private Capital
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
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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.
2017 Award Recipient Howard A. Tullman, 1871
2016 Award Recipient
Ellen A. Rudnick, Polsky Center, Chicago Booth
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
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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.
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IVCA Portfolio Company of the Year
2017 Recipient for Venture Capital
Naurex, Inc.
Investor: Adam Street Partners
2017 Recipient for Private Equity
Kronos Foods Corp.
Investor: Prospect Partners
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
2016 Cleversafe (Venture backed)
2016 Sage Products (Private equity backed)
2015 Paylocity (Venture backed)
2015 Sterigenics International (Private equity backed) 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)
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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
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Sponsoring Members
Baker Tilly Virchow Krause, LLP Greenberg Traurig, LLP Kirkland & Ellis LLP Kutchins, Robbins & Diamond, Ltd. Neal, Gerber & Eisenberg LLP Ropes & Gray LLP
Please see “Sponsoring Member” section for more information.
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Investor Members
4490 Ventures
50 South Capital Advisors, LLC * 7wire Ventures
Adams Street Partners *
Agman
Alsop Louie Partners
Anderson Pacific Corporation
Arbor Investments
ARCH Venture Partners *
Baird Capital *
Beecken Petty O'Keefe & Company * BlueCross BlueShield Venture Partners CapX Partners
Chicago Pacific Founders
CME Ventures
Cressey & Company LP *
Duchossois Capital Management Dundee Venture Capital
Edgewater Funds *
Financial Investments Corporation First Analysis *
Frontenac Company *
GE Ventures
Growth Catalyst Partners
GTCR LLC
Harrison Street Capital
H.I.G. 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 * Method Capital
Mid Oaks Investments *
* Denotes Founding Member
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Investor Members continued
MK Capital *
Moderne Ventures
Monroe Capital
Motorola Solutions Venture Capital * New Enterprise Associates NewSpring Capital
OCA Venture Partners *
Origin Ventures
ParkerGale Capital
Patriot Capital
Plymouth Growth Partners
PPC Partners
PPM America Capital Partners
Prairie Capital *
Pritzker Group Venture Capital * Prospect Partners
RCP Advisors
River Cities Capital Funds
Romar Partners
RoundTable Healthcare Partners Sandbox Industries
Shore Capital Partners
SSM Partners
Svoboda Capital Partners *
Thoma Bravo *
Valor Equity Partners
Victory Park Capital
The Vistria Group
Water Street Healthcare Partners Waveland Investments
Wind Point Partners *
Winona Capital Management
WP Global Partners
Wynnchurch Capital
Zebra Technologies
* Denotes Founding Member
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Professional Advisor Members
7 Layer Solutions Inc.
Andersen Tax, LLC
Baker Tilly Virchow Krause, LLP CBRE, Inc.
CIBC Bank US
Deloitte LLP
DLA Piper LLP (US)
Edelman
EmPowerHR
EY *
Freeborn & Peters LLP
Greenberg Traurig, LLP
Horwood Marcus & Berk Chartered Houlihan Lokey
Jenner & Block LLP
JM Search
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 Perkins Cole LLP
Plante Moran, PLLC
RBN & Associates
Ropes & Gray LLP
RSM US LLP
Sidley Austin LLP
* Denotes Founding Member
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Professional Advisor Members continued
Silicon Valley Bank
Simon Compliance LLC
Square 1 Bank, a division of Pacific Western Bank Stern Cassello & Associates, LLP
The Northern Trust
Thompson Flanagan & Co.
Vedder Price P.C.
William Blair
Winston & Strawn LLP
Wintrust Commercial Bank
* Denotes Founding Member
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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
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Investor Members
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Investor Members


4490 Ventures
111 N Fairchild St., Suite 240 Madison, WI 53703
Phone: 608/501-0000 www.4490ventures.com
Investor Type: Direct Investor
Source of Funding: VC Fund (GP/LP)
Year Founded: 2014
Assets Under Management: $(MM) 105
VC AUM: $(MM) 105
Stage Preference: VC-EARLY STAGE
Investment Size Preference: $3M-$5 Million
Ownership Preference: Control, 100%
Description: 4490 Ventures invests in Midwest teams creating technologies that will disrupt legacy industries.
Firm Contacts:
Victor Hoy
[email protected]
Dan Malven [email protected]
Greg Robinson [email protected]
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50 South Capital Advisors LLC
Founding Member
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) 1,500
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: VC-START UP, VC-EARLY STAGE, VC-EXPANSION/GROWTH STAGE, BUYOUTS
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 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
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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]
Trey Hart [email protected]
Robert Morgan [email protected]
Bridget Schweihs [email protected]
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7wire Ventures
444 N. Michigan Avenue, Suite 2880 Chicago, IL 60611
Phone: 312/357-5452 www.7wireventures.com
Investor Type: Direct Investor
Source of Funding: Family Office
Year Founded: 2013
Stage Preference: VC-SEED STAGE, VC-START UP, VC-EARLY STAGE
Investment Size Preference: <$1 Million-$10 Million Ownership Preference: Minority
Description: 7wire Ventures focuses on technologies and solutions that empower the Intelligent, Connected Health Consumer as the new epicenter of the healthcare ecosystem.
We believe that whole populations will become more connected and more knowledgeable about their personal health, and this will result in a stronger, more resilient healthcare system that achieves better outcomes at a lower cost.
To get there, we help entrepreneurs who recognize the power of connected devices, the cloud, and sophisticated analytics to further advance healthcare. The firm was founded on the concept of disrupting the status quo - supporting new ideas, technologies, approaches, and business models for solving one of society’s most important problems.
The principals of 7wire Ventures are the original leaders in the healthcare technology revolution, with a deep track record of transforming great ideas into world-class healthcare companies. We provide far more than just capital: we view our portfolio companies as partners that we support with deep insight, experience, and relationships.
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Firm Contacts:
Robert Garber
[email protected]
Scott Leisher [email protected]
Derek Lindblom [email protected]
Tom Main [email protected]
Lee Shapiro [email protected]
Glen Tullman [email protected]
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Adams Street Partners, LLC
Founding Firm
One North Wacker Drive, Suite 2200 Chicago, IL 60606
Phone: 312/553-7890 www.adamsstreetpartners.com
Investor Type: Other (Both LP and Direct)
Source of Funding: Fund of Funds, VC Fund (GP/LP),
PE Fund (GP/LP)
Year Founded: 1972
Assets Under Management: $(MM) 28,900
Buyouts AUM: $(MM) 1,097
VC AUM: $(MM) 1,370
Fund of Funds AUM: $(MM) 24,359
Stage Preference: VC-EXPANSION/GROWTH STAGE, GROWTH STAGE, BUYOUTS
Investment Size Preference: $5M-$30 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 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. Adams Street also launched its Private Credit investment capabilities in 2016. We have $28.9 billion of assets under management, all within the private markets. Adams Street currently has 144+ employees located in offices in Chicago, New York, London, Menlo Park, Singapore, Beijing and Tokyo.
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Firm Contacts:
Tyson Bauer
[email protected]
Thomas Bremner [email protected]
David Brett [email protected]
Jeffrey Diehl [email protected]
Gary Fencik [email protected]
T. Bondurant French [email protected]
Terry Gould [email protected]
Alex Kessel [email protected]
Quintin Kevin [email protected]
Kelly Meldrum [email protected]
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Agman
833 West Washington Blvd. Chicago, IL 60607
Phone: 312/248-3810 www.agmanpartners.com
Investor Type: Direct Investor
Source of Funding: Family Office
Year Founded: 2005
Assets Under Management: >$(MM) 500 VC AUM: $(MM) 500
Industry Preference: Biotechnology, Business Products and Services, Consumer Products and Services, Financial Services, Healthcare Services, Industrial/Energy, Life Sciences, Media and Entertainment, Retailing/Distribution, Software, Transportation/Logistics
Stage Preference: VC-EARLY STAGE, VC-EXPANSION/GROWTH STAGE
Investment Size Preference: <$1M-$30 Million Ownership Preference: Control
Firm Contacts:
Hans Pusch
[email protected]
Scott Silverman [email protected]
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Alsop Louie Partners
943 Howard Street
San Francisco, CA 94103 Phone: 415/625-0849 www.alsop-louie.com
Investor Type: Direct Investor
Source of Funding: VC Fund (GP/LP)
Year Founded: 2007
Assets Under Management: $(MM) 450 VC AUM: $(MM) 450
Industry Preference: Computers and Peripherals, Financial Services,, Homeland Security, IT Services, Networking and Equipment, Semiconductors, Telecommunications
Stage Preference: VC-START UP, VC-EARLY STAGE Ownership Preference: Minority
Description: Alsop Louie is a risk-oriented technology venture capital firm that offers financial services to early stage companies.
Firm Contacts:
Mark Fields
[email protected]
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Anderson Pacific Corporation
455 N. Cityfront Plaza, Suite 2755 Chicago, IL 60611-1962
Phone: 312/602-5488 www.andersonpacific.com
Investor Type: Direct Investor
Source of Funding: Family Office
Year Founded: 1988
Assets Under Management: $(MM) 200
Industry Preference: Telecommunications, Media and Entertainment, Software
Stage Preference: ANY STAGE
Investment Size Preference: $5M-$10 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. APC typically invests alongside of current portfolio company partners in transactions ranging from $5MM-$100MM.
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, fiber optic networks, data centers, FCC spectrum licenses, cellular tower assets, wireless remote monitoring and cellular backhaul ventures.
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Firm Contacts:
Kenneth Anderson
[email protected]
Christopher Jensen [email protected]
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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) 1,502 Buyouts AUM: $(MM) 1,502
Industry Preference: Food, Beverage and Related Stage Preference: BUYOUTS
Investment Size Preference: $10M->$30 Million Ownership Preference: Minority, Control, 100%
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 47 food and beverage companies in North America.
Firm Contacts:
Richard Boos
[email protected]
Joseph Campolo [email protected]
Brody Lynn [email protected]
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Ryan McKenzie
[email protected]
Gregory Purcell [email protected]
Alan Weed [email protected]
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ARCH Venture Partners
Founding Member
8755 West Higgins Road Suite 1025
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) 1,857
VC AUM: $(MM) 1,892
Industry Preference: Life Sciences, Physical Sciences, Information Technology
Stage Preference: VC-SEED STAGE, VC-START UP, VC-EARLY STAGE
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. 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.
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Firm Contacts:
Kristina Burow
[email protected]
Clinton Bybee [email protected]
Keith Crandell [email protected]
Steven Gillis [email protected]
Sean Kendall [email protected]
Steven Lazarus [email protected]
Paul Thurk [email protected]
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Baird Capital
Founding Member
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
Industry Preference: Healthcare, technology & services, industrial solutions
Stage Preference: VC-EARLY STAGE, VC-EXPANSION/GROWTH STAGE, GROWTH STAGE, BUYOUTS
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 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
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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:
Joanna Arras
[email protected]
Michael Bernstein [email protected]
C. Andrew Brickman [email protected]
Tom Costello [email protected]
John DiGiovanni [email protected]
Timothy Fries [email protected]
Michael Liang [email protected]
Rob Ospalik [email protected]
Gordon Pan [email protected]
Jim Pavlik [email protected]
Momei Qu [email protected]
Benedict Rocchio [email protected]
Scott Skie [email protected]
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Beecken Petty O’Keefe & Company
Founding Member
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
Industry Preference: Healthcare
Stage Preference: BUYOUTS
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;
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;
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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]
David Cooney [email protected]
Adam Hentze [email protected]
Mark Holmquist [email protected]
Scott Kabbes [email protected]
John Kneen [email protected]
Peter Magas [email protected]
Greg Moerschel [email protected]
Kenneth O'Keefe [email protected]
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Grant Patrick
[email protected]
William Petty, Jr. [email protected]
Troy Phillips [email protected]
Thomas Schlesinger [email protected]
Timothy Sheehan [email protected]
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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) 550 VC AUM: $(MM) 550
Industry Preference: Healthcare
Stage Preference: VC-SEED STAGE, VC-START UP, VC-EARLY STAGE, VC-EXPANSION/GROWTH STAGE, GROWTH STAGE, BUYOUTS
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 $550 million in committed capital from 32 independent BlueCross and BlueShield plans.
Firm Contacts:
John Banta
[email protected]
Mitch Helfand [email protected]
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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
Industry Preference: Manufacturing, Distribution, Technology, Energy and Healthcare
Stage Preference: VC-EXPANSION/GROWTH STAGE, BUYOUTS, MEZZANINE
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, 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.
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Firm Contacts:
Barrett Carlson
[email protected]
James Hallene [email protected]
Jeff Pfeffer [email protected]
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Chicago Pacific Founders
980 North Michigan Avenue, Suite 1998 Chicago, IL 60611
Phone: 415/539-0630 www.cpfounders.com
Investor Type: Direct Investor
Year Founded: 2014
Industry Preference: Healthcare Services Stage Preference: GROWTH STAGE, BUYOUTS
Description: Chicago Pacific Founders (“CPF”) is a strategic healthcare investment fund focused exclusively on healthcare services. CPF’s leadership team is made up of former healthcare CEOs and senior executives with a passion and track record of building healthcare businesses. CPF is actively looking to partner with organizations focused on delivering the highest quality of service to patients, providers, and payers. The fund will invest up to $75 million of equity capital per opportunity in buyout and growth transactions for cash flow positive businesses.
Chicago Pacific Founders (“CPF”) was founded in 2014 by Mary Tolan (founder of Accretive Health), Larry Leisure (Kleiner Perkins, Optum, Kaiser) and Vance Vanier (Navigenics, Verinata). The Managing Partners along with founding operating partners John Rijos (Brookdale) and Greg Kazarian (Accretive Health) shared a belief that the most significant societal impact and investment returns from healthcare for the next decade will be generated by investment in delivery model innovation. Chicago Pacific Founders (“CPF”) was established to serve as an investment fund to partner with companies that we believe are positioned 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. Whereas the vast majority of investment in healthcare has historically been deployed in the domains of drugs, devices, and
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diagnostics, we are primarily focusing on care service delivery, which represents the “other” eighty percent of the $3 trillion annual healthcare spending in the United States.
Firm Contacts:
Krista Hatcher
[email protected]
Mary Tolan [email protected]
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CME Ventures
20 South 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
Industry Preference: Technology
Stage Preference: VC-EARLY STAGE, VC-EXPANSION/GROWTH STAGE
Investment Size Preference: <$1M-$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:
Danny Slutsky
[email protected]
Justin Strausbaugh [email protected]
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Cressey & Company LP
Founding Member
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
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.
The Cressey & Company team manages an active portfolio of healthcare investments in a wide range of segments. Through three predecessor funds to which we continue to provide management services and our current fund, Cressey & Company Fund IV LP, the Cressey & Company team has managed in excess of $1 Billion of capital committed to building leading healthcare
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