1.6.2009

Chicago's Venture Capital Firms 
Chicago's Venture Capital Firms
Venture capital and private equity firms
Alphabetical listing
From the Feb. 21, 2005 issue of Crain's Chicago Business
©2005 by Crain Communications Inc.
Company Source(s) of funding 2004
(2003)
capital

(millions)
2004 investments Type(s) of investments
Chicago Out of
area
Amount
('03 amt.)

(millions)
ABN Amro Private Equity
(312) 855-7292
www.abnequity.com
ABN AMRO Bank N.V. $200.0
($200.0)
0 4 $5.0
($5.0)
Middle-market buyouts, growth equity
Adams Street Partners LLC
(312) 553-7890
www.adamsstreetpartners.com
Global public and private pensions, foundations, endowments, individual families $9,400.0
($8,100.0)
1 52 $1,231.0
($812.0)
Diverse
Alpha Capital Partners Ltd.
(312) 322-9800
www.alphacapital.com
Institutions, high-net-worth individuals, family offices, pension funds $135.0
($135.0)
0 6 $13.8
($4.6)
Companies with revenues of $7.5 million to $75 million for buyouts, recaps and expansions
American Capital Strategies Ltd.
(312) 681-7400
www.americancapital.com
Public $4,800.0
($2,500.0)
1 48 $2,000.0
($1,000.0)
Leveraged buyouts, mgmt. buyouts, recaps, refinancings, ESOPs, growth financing, sponsor- and non-sponsor-backed
Apex Venture Partners
(312) 857-2800
www.apexvc.com
Institutions, pension funds,
private, public funds
$479.0
($479.0)
1 8 $39.6
($29.5)
Start-up, early-stage tech companies
Arbor Private Investment Co. LLC
(312) 981-3770
www.arborpic.com
Institutions $49.7
($45.3)
1 1 NA
(NA)
Food and beverage industries
Arch Venture Partners
(773) 380-6600
www.archventure.com
Institutions, pension funds, university endowments, private, foundations $1,278.0
($903.0)
0 29 $50.3
($39.9)
Seed- and early-stage information tech, life sciences, physical sciences
Baird Capital Partners
(312) 609-4700
www.bairdcapitalpartners.com
Institutions, pension funds, high-net-worth individuals $300.0
($250.0)
0 5 $51.3
($15.1)
Late-stage growth and change of control companies in the business services, industrial products, health care and life sciences industries
Baird Venture Partners
(312) 609-4700
www.bairdventurepartners.com
Institutions, pension funds, endowments, high-net-worth individuals $105.0
($105.0)
0 4 $11.3
($3.0)
Early-to-growth stage companies in applied tech, business services, health care and life sciences
Banc Funds Co. LLC
(312) 855-6202
Institutions $1,100.0
($1,000.0)
4 30 $180.0
($150.0)
Financial service companies
Beecken Petty O'Keefe & Co.
(312) 435-0300
www.bpoc.com
Institutions, high-net-worth individuals $250.0
($150.0)
0 8 $34.5
($6.3)
Health care services, medical devices and products, health care information tech
William Blair Capital Partners LLC
(312) 364-8250
www.wbcapitalpartners.com
Institutions, pension funds, endowments, private $1,100.0
($1,100.0)
4 14 $120.0
($79.0)
Venture to buyout
William Blair New World Ventures
(847) 328-0300
www.newworldvc.com
Institutions, foundations, private $40.0
($40.0)
0 1 $1.2
($1.5)
Early-stage tech
Cambridge Capital Partners LLC
(312) 245-8920
www.cambridgecapital.com
Institutions, high-net-worth individuals $100.0
($100.0)
3 7 NA
($25.0)
Mgmt. buyouts, recaps, growth equity
Capital Strategy Management Co.
(312) 444-1170
Institutions, corporations, pension funds, private $20.0
($20.0)
1 2 NA
(NA)
Early-stage, startups, diversified medium- and high-tech and manufacturing, services, specialty retail buyouts
Cardinal Growth L.P.
(312) 913-1000
www.cardinalgrowth.com
Institutions, corporations, pension funds, private $102.0
($102.0)
1 2 $18.0
($11.0)
$3 million to $6 million of growth or buyout capital for established companies
Cerulean Fund L.P.
(847) 441-4133
Institutions, pension funds, private $10.3
($10.3)
0 0 $0.0
($0.0)
Early-stage Midwest companies
CID Equity Partners
(312) 578-5350
www.cidequity.com
Institutions, pension funds, private $321.0
($321.0)
0 8 $20.0
($16.0)
Seed, second-stage, third-stage, mezzanine, buyouts, acquisitions
CIVC Partners
(312) 873-7300
www.civc.com
Institutions, pension funds $1,300.0
($1,300.0)
0 1 $35.0
($170.0)
Leveraged buyouts, growth capital
Code Hennessy & Simmons LLC
(312) 876-1890
www.chsonline.com
Institutions, pension funds, private $2,712.5
(1,587.5)
2 17 $309.0
($2.0)
Mid-sized manufacturing, services and distribution companies
DN Partners L.P.
(312) 332-7960
www.dnpartners.com
Pension funds, institutions, private $100.0
($100.0)
1 1 $15.0
($1.0)
Manufacturing, industrial consumer products and services, media and marketing, information tech, telecommunications, logistics, health care
DNJ Capital Partners
(312) 673-3777
www.dnjcapital.com
Private, family office, institutions $30.0
($30.0)
3 5 $6.0
($4.2)
Equipment leases, secured loans, mezzanine debt
Duchossois Technology Partners
(630) 530-6105
www.duchtec.com
Private $100.0
($100.0)
1 7 $10.1
($14.2)
Early-stage, networking, semiconductors, software
Essex Woodlands Health Ventures
(312) 444-6040
www.ewhv.com
Institutions, pension funds $1,000.0
($1,000.0)
1 26 $74.5
($39.1)
Private and selective public, health care
First Analysis
(312) 258-1400
www.firstanalysis.com
Institutions, pension funds $479.0
($479.0)
0 11 $18.8
($14.3)
Expansion and growth capital for outsourcing services, information tech, chemistry-enabled businesses
Focus Investments Inc.
(847) 968-3883
Private $50.0
($50.0)
1 2 $20.0
($17.0)
Buyouts for industrial or consumer products companies
Frontenac Co.
(312) 368-0044
www.frontenac.com
Pension funds, endowments, institutional investors, individuals, partners $1,200.0
($1,200.0)
0 8 $84.0
($86.0)
Equity investments to fund acquisitions, growth of mid-sized companies
Gaebler Ventures LLC
(312) 207-190
www.gaebler.com
Private $2.4
($2.0)
2 0 $0.4
($0.3)
Early-stage, Midwest-based, tech companies
Glencoe Capital LLC
(312) 795-6300
www.glencap.com
Institutions, pension funds $950.0
($990.0)
0 2 $63.0
(NA)
Middle-market buyouts and recaps in business services, consumer and industrial products, financial services, food, chemicals
Goense Bounds & Partners
(847) 735-2000
www.goensebounds.com
Institutions, banks, pension funds $225.0
($225.0)
1 2 $56.0
($2.0)
Middle-market buyouts, recaps
GTCR Golder Rauner LLC
(312) 382-2200
www.gtcr.com
Institutions, public and private pension funds, foundations, endowments $6,000.0
($6,000.0)
1 6 $655.4
($206.3)
Late-stage growth companies, mgmt. buyouts, recaps
High Street Capital
(312) 423-2650
www.highstreetcapital.com
Institutions, CEOs, former business owners $120.0
($120.0)
0 1 $5.0
($5.0)
Acquisitions, recaps and growth equity investments in service, distribution and manufacturing companies with revenues of less than $100 million
Illinois Finance Authority
(312) 651-1300
www.il-fa.com
Returns generated by investments $11.0
($9.4)
2 4 $1.6
($0.9)
Seed and early-stage, tech companies
JK&B Capital
(312) 946-1200
www.jkbcapital.com
Institutions, pension funds, private $907.0
($907.0)
1 25 $89.0
($45.0)
Software, communications and information technologies
KB Partners LLC
(847) 714-0444
www.kbpartners.com
Institutions, high-net-worth individuals $95.0
($95.0)
6 5 $10.2
($9.0)
Midwest-based, early-stage tech infrastructure
Keystone Capital Inc.
(847) 236-9600
www.keystonecapital.com
Private $50.0
($50.0)
0 2 $60.0
($7.5)
Corporate divestitures, sales of family or closely held businesses, industry consolidations, special situations
Lake Capital Management LLC
(312) 640-7050
www.lakecapital.com
Institutions, endowments, private $700.0
($700.0)
0 3 NA
(NA)
Business services companies
Lake Pacific Partners LLC
(312) 578-1110
www.lakepacific.com
Pensions, private investors $101.0
($101.0)
0 1 $10.0
($8.0)
Buyouts, recaps, turnarounds
Madison Capital Partners Corp.
(312) 277-0156
www.madisoncapitalpartners.net
Principals of Madison Capital Partners, former CEOs, entrepreneurs, institutions NA/1
(NA)/1
0 3 $2.8
($13.6)
Underperforming or undermanaged industrial manufacturing companies
Madison Dearborn Partners LLC
(312) 895-1000
www.mdcp.com
Public and private pensions funds, endowments, corporations, financial institutions $7,700.0
($7,700.0)
0 3 $1,100.0
($370.0)
Mgmt. buyouts, private-equity investments
Mesirow Financial
(312) 595-6000
www.mesirowfinancial.com
Institutions, insurance companies, pension funds, endowments $770.0
($770.0)
2 11 $67.0
($36.0)
Venture capital, buyouts, special situation and international private-equity partnerships, late-stage growth and buyout direct investments
Mid Oaks Investments LLC
(847) 215-3275
www.midoaks.com
Private $130.0
($120.0)
0 1 $12.0
($12.0)
Buyouts of middle market manufacturing companies
Midwest Mezzanine Funds
(312) 992-4580
www.midwestmezzanine.com
Institutions, pension funds, private $445.0
($335.0)
0 7 $49.0
($55.1)
Middle-market companies involved in later-stage business expansions, corporate acquisitions, recaps and leveraged buyouts
Muller & Monroe Asset Mgmt.
(312) 782-7771
www.m2am.com
Institutions, pension funds, high-net-worth individuals, public $75.0
($0.0)
0 0 $0.0
($0.0)
Emerging private-equity and venture capital funds
New World Ventures
(847) 328-0300
www.newworldvc.com
Private $60.0
($60.0)
1 2 $3.2
($2.6)
Early-stage tech
North American Funds
(312) 332-4950
www.northamericanfund.com
Institutions, pension funds $115.0
($115.0)
1 3 $4.0
($7.0)
Companies with revenues of $5 million to $30 million
Oxford Capital Group
(312) 755-9500
www.oxford-capital.com
Endowments, partners, institutions, high-net-worth individuals, Wall Street $200.0
($150.0)
2 NA $20.0
($75.0)
Hospitality, real estate, consumer, and financial services
Pfingsten Partners LLC
(847) 374-9140
www.pfingstenpartners.com
Institutions, pension funds, private individuals $337.0
($250.0)
1 4 NA
(NA)
Niche manufacturing, value-added distribution and specialty publishing
Polestar Capital Partners L.P.
(312) 984-9090
www.polestarvc.com
Institutions, pension funds $25.0
($40.0)
0 2 $0.4
($0.7)
Early-stage or growth tech companies owned or managed by minorities
Portage Ventures
(847) 446-9460
www.portageventures.com
Institutions, pension funds, private $176.0
($175.0
NA NA NA
(NA)
Early-stage tech and life sciences companies
Prairie Capital III L.P.
(312) 360-1133
www.prairie-capital.com
Private, Small Business Investment Co. $380.0
($380.0)
1 4 $37.5
($28.9)
Mezzanine, equity, leveraged buyouts, mgmt. buyouts, recaps
Prism Capital/Prism Mezzanine
Fund L.P.
; (312) 464-7900
www.prismfund.com
Institutions, pension funds, private $100.0
($12.0)
0 4 $16.5
($0.0)
Mezzanine, later-stage
Prism Capital/Prism Opportunity
Fund L.P.
; (312) 464-7900
www.prismfund.com
Institutions, private $50.0
($50.0)
1 2 $2.5
($6.4)
Early-stage through growth- and later-stage
Prospect Partners LLC
(312) 782-7400
www.prospect-partners.com
Institutions, pension funds $271.0
($105.0)
2 4 $19.0
($17.0)
Niche mgmt. buyouts of companies with revenues of $10 million to $30 million
Ravenswood Capital Venture Fund
(312) 327-2530
www.ravenswoodcapital.com
Private $50.0
($50.0)
NA NA NA
(NA)
Information tech, business services, financial services, direct marketing, Internet
RCP Advisors LLC
(312) 266-7300
www.rcpadvisors.com
Foundations, endowments, pension funds, family offices, private $250.0
($100.0)
1 10 $75.0
($35.0)
Small-to-middle-market buyouts
Roundtable Healthcare Partners
(847) 739-3200
www.roundtablehp.com
Institutions, pension funds, endowments, high-net-worth individuals $400.0
($400.0)
1 1 $41.0
($115.0)
Buyouts of health care companies
SB Partners
(312) 986-8620
www.sbapartners.com
Banks, pension funds, private $40.0
($40.0)
0 2 $4.7
($2.8)
Buyouts, recaps, late-stage growth capital
Smith Whiley & Co.
(847) 425-9062
www.smithwhiley.com
Public and private pension funds $243.0
($243.0)
2 4 $40.6
($12.5)
Private equity, mezzanine
Sterling Partners
(847) 480-4000
www.sterlingpartners.us
Pension funds, endowments, foundations, taxable investors $500.0
($500.0)
1 3 $100.0
($100.0)
Expansion-stage venture, small-market buyout, recaps
Svoboda Collins LLC
(312) 267-8750
www.svoco.com
Private $150.0
($150.0)
1 4 $37.0
($0.0)
Lead-managed leveraged buyouts and growth equity investments in business services, distribution and consumer products companies
Talon Asset Management Inc.
(312) 422-5400
www.talonmanagement.com
Private $40.0
($40.0)
2 5 $4.0
($5.0)
Middle-market venture, private equity
Tangram Partners Inc.
(312) 674-4531
Sole limited partner $21.0
($21.0)
0 0 $0.0
($0.0)
Niche manufacturing, industrial services, business process outsourcing companies
Technology Crossover Ventures
(847) 810-4200
www.tcv.com
Institutions, pension funds, foundations, endowments, high-net-worth individuals $3,300.0
($3,300.0)
1 11 $366.0
($194.0)
Growth capital to tech companies
Thoma Cressey Equity Partners
Inc.
; (312) 777-4444
www.thomacressey.com
Institutions, pension funds, endowments $1,000.0
($1,000.0)
0 5 $100.0
($125.0)
Health care, software, business services, consumer-related
Transcap Associates Inc.
(847) 753-9600
www.transcaptrade.com
Private $50.0
($50.0)
0 24 $170.0
($120.0)
Short-term, primarily distributors and U.S. importers
Tricor Pacific Capital
(847) 295-4239
www.tricorpacific.com
Pension funds, institutions $390.0
($390.0)
0 3 $22.3
($59.4)
Buyouts of middle-market manufacturing and capital-intensive service businesses
Vector Fund Management
(847) 374-3947
www.vectorfund.com
Institutions, pension funds, private $240.0
($240.0)
0 4 $7.3
($5.6)
Equity investments in mid-to-late stage emerging growth, health care and life sciences companies
Ventana Financial Resources Inc.
(847) 234-3434
Private NA/1
(NA)/1
1 2 $4.0
(NA)
Early-stage intellectual property
Waud Capital Partners
(847) 604-9550
www.waudcapital.com
Endowments, high-net-worth individuals, insurance companies $400.0
($150.0)
0 23 NA
(NA)
Middle-market buyouts, recaps, industry consolidations, growth equity investments in companies with sustainable cash flows over $5 million
WGC Enterprises Inc.
(847) 441-4133
Private, foreign $50.0
($50.0)
1 0 $0.5
($0.5)
Early-stage Midwest companies
Willis Stein & Partners
(312) 422-5400
www.willisstein.com
Pension funds, institutions, corporations, trusts, high-net-worth individuals $3,000.0
($3,000.0)
1 4 $325.0
($127.0)
Middle-market companies with transaction values of $50 million to $200 million in business and consumer services, health care, manufacturing, media
Wind Point Partners
(312) 255-4800
www.wppartners.com
Institutions, pension funds, private $881.0
($881.0)
1 6 $242.9
($314.6)
Solid middle-market companies
Wynnchurch Capital Ltd.
(847) 604-6100
www.wynnchurch.com
Institutions, pension funds, endowments, corporations, private $165.0
($165.0)
1 2 $14.2
($10.0)
Corporate divestitures, buyouts, recaps, late-stage growth equity


NA: Not available. 1. Raise capital as needed.

Research by Katrina Fenrick
 
View our extensive
Online Data Collections
Market Trends

Trade Trends

Industry Trends

Business Assistance DataBank

Community Profiles

Business Lists
 
Chicago-Cook Success Stories Online
 
Hot Topics
 
In The News: Chicago Metro A Success Story
Site Selection's "'Freaking Awesome' City
Tops All U.S. Metro Areas"
by Ron Starner. March 2007.

The Economist's "A success story" 10-page survey of Chicago. March 18, 2006. (c) 2006 The Economist Newspaper Ltd. All rights reserved.

 
ITCC Global Manufacturing Series - December 7 - 8, 2006
FOR IMMEDIATE RELEASE - Ten Midwest Manufacturers Rewrite The Rules of Global Competition. The International Trade Club of Chicago announced today that senior executives from ten growing manufacturing companies will share..their international business strategies at the Federal Reserve Bank in Chicago...
more
 
Welcome to the Port of Chicago, Part I
Many of us are unaware of the activity that goes on every day at the Port of Chicago. With “all roads leading to Chicago” ours is one of the most important inland ports in the country...

Benuzzi Industrial Guide's "Welcome to the Port of Chicago, Part I," an in-depth interview with Tony Ianello, executive director of the Port of Chicago by Elise A. Couston, SIOR. July 2006. Reprinted with permission from the publisher.
 
Must-Know Small-Biz Stats & Facts
Did you know that small firms represent 99.7 percent of all employer firms in the U.S.? Here are some other facts and figures about small businesses that may surprise you...
more
 
Global Manufacturing Series Links Automotive and Medical Sector Opportunities
With automotive manufacturing dispersing from the Midwest, AutoMed2005 profiled the significant opportunities and ease of transition for U.S. automotive suppliers to also serve the rapidly growing medical manufacturing sector...
more
 

©2009 All Rights Reserved
Chicago-Cook Business Center