Illinois Venture Capital Association Quarterly Private Equity Monitor
Q4 2008
Section I: Taxonomy
Section II: Venture Capital Investment Statistics
Section III: Buyout Related Capital Investment Statistics
Section IV: Venture and Buyout Related Capital Investment Statistics
Data pulled: 01/21/2009. Source is Thomson Reuters VentureXpert unless otherwise noted.
2
Section I: Taxonomy
Illinois Venture Capital Association Quarterly Private Equity Monitor
Q4 2008
Later/Growth
Stage Venture
Company Stage of
Development
Type ofFinancing
Cash Flow
Type ofInvestor
Operationally or
financially
troubled.
BuyoutsAngel Venture Capital
Product
development,
market
research
Key mgmt.
in place,
initial marketing,
pre-Sales
Product in
development or
available, first
institutional
financing
Product shipping,
funds needed for
working capital or
plant expansion
Stable growth
rate, likely to be
profitable, cash
flow positive.
Company to go
public in 6-12
months.
Company is
publicly traded.
LBOs,
acquisitions,
recapitalization
Mgmt acquiring a
product line or
business at any
stage of
development.
+ or -
“Venture Capital” “Private Equity” or “Buyouts”
Growth Equity
Seed & Startup & Early
Stage VentureGrowth Equity & Buyouts (Private Equity)
Later/Growth
Stage Venture
Company Stage of
Development
Type ofFinancing
Cash Flow
Type ofInvestor
Operationally or
financially
troubled.
BuyoutsAngel Venture Capital
Product
development,
market
research
Key mgmt.
in place,
initial marketing,
pre-Sales
Product in
development or
available, first
institutional
financing
Product shipping,
funds needed for
working capital or
plant expansion
Stable growth
rate, likely to be
profitable, cash
flow positive.
Company to go
public in 6-12
months.
Company is
publicly traded.
LBOs,
acquisitions,
recapitalization
Mgmt acquiring a
product line or
business at any
stage of
development.
+ or -
“Venture Capital” “Private Equity” or “Buyouts”
Growth Equity
Seed & Startup & Early
Stage VentureGrowth Equity & Buyouts (Private Equity)
Diagram 2: Taxonomy of Private Equity
3
Section II: Venture Capital Investment Statistics
Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2008
Table 1
Note: Company totals may not match other tables in this report because quarterly data may include deals with multiple rounds of financing. Yearly totals in the table above are calculated from quarterly data.
Quarterly
$511.090$55,439.45,3142008
$600.1105$41,890.75,2342007
$472.277$35,867.24,5752006
$484.872$30,056.73,9372005
$415.563$29,122.33,7972004
Yearly
$97.222 $10,920.81,1584Q '08
$195.430 $10,388.91,3613Q '08
$139.720 $23,931.21,4492Q '08
$78.718 $10,198.51,3461Q '08
$178.029 $13,240.11,4194Q '07
$124.220$9,618.81,143Qtr Avg
$2,483.7407$192,376.322,857Total '04-'08
Total Capital
(USD Mil)Number of Companies
Total Capital
(USD Mil)Number of Companies
Venture Capital - IllinoisVenture Capital - Nation
Quarterly
$511.090$55,439.45,3142008
$600.1105$41,890.75,2342007
$472.277$35,867.24,5752006
$484.872$30,056.73,9372005
$415.563$29,122.33,7972004
Yearly
$97.222 $10,920.81,1584Q '08
$195.430 $10,388.91,3613Q '08
$139.720 $23,931.21,4492Q '08
$78.718 $10,198.51,3461Q '08
$178.029 $13,240.11,4194Q '07
$124.220$9,618.81,143Qtr Avg
$2,483.7407$192,376.322,857Total '04-'08
Total Capital
(USD Mil)Number of Companies
Total Capital
(USD Mil)Number of Companies
Venture Capital - IllinoisVenture Capital - Nation
4
Section II: Venture Capital Investment Statistics
Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2008
Table 2a
Table 2b
$97.222Illinois 15
$170.715North Carolina 10
$187.337Colorado 9
$210.434Maryland 8
$353.861Pennsylvania 7
$387.211Tennessee 6
$635.947Texas 5
$676.775New York 4
$850.2122Massachusetts 3
$2,911.7390California 2
$3,279.549Washington 1
Investments (USD Mil) Number of Companies Fund Location Rank
Venture Capital Investments
State Rankings – Q4 '08
$97.222Illinois 15
$170.715North Carolina 10
$187.337Colorado 9
$210.434Maryland 8
$353.861Pennsylvania 7
$387.211Tennessee 6
$635.947Texas 5
$676.775New York 4
$850.2122Massachusetts 3
$2,911.7390California 2
$3,279.549Washington 1
Investments (USD Mil) Number of Companies Fund Location Rank
Venture Capital Investments
State Rankings – Q4 '08
$511.075Illinois 16
$981.1191 Pennsylvania 10
$1,026.191 Georgia 9
$1,054.5127 New Jersey 8
$1,141.4122 Colorado 7
$2,081.2258 New York 6
$3,369.8210 Texas 5
$3,728.3442 Massachusetts 4
$7,393.461 Ohio 3
$11,332.6161 Washington 2
$16,238.91,574 California 1
Investments (USD Mil) Number of Companies Fund Location Rank
Venture Capital Investments
State Rankings – Total 2008
$511.075Illinois 16
$981.1191 Pennsylvania 10
$1,026.191 Georgia 9
$1,054.5127 New Jersey 8
$1,141.4122 Colorado 7
$2,081.2258 New York 6
$3,369.8210 Texas 5
$3,728.3442 Massachusetts 4
$7,393.461 Ohio 3
$11,332.6161 Washington 2
$16,238.91,574 California 1
Investments (USD Mil) Number of Companies Fund Location Rank
Venture Capital Investments
State Rankings – Total 2008
5
Section II: Venture Capital Investment Statistics
Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2008
Table 3a
Note: Company total may be higher than in other tables because each state reports transactions separately, so double-counting of companies is possible (e.g. the same company may have received funding from Texas and Illinois).
2%2%$1.71 Minnesota 10
100%100%$97.347 TOTAL
21%6%$5.410 Other
2%2%$1.81 Michigan 9
2%2%$2.31 Virginia 8
4%3%$2.52 Non-US 7
6%3%$2.73 Texas 6
6%10%$9.83 New York 5
23%13%$12.411 Illinois 4
15%14%$14.07 California 3
6%18%$17.53 Undisclosed 2
11%28%$27.25 Massachusetts 1
% of All Companies
% of Total
Investment
Amount
Invested
(USD Mil)Number of CompaniesFund LocationRank
Venture Capital
Geographic Sources of Funding For Illinois Companies Q4 '08
2%2%$1.71 Minnesota 10
100%100%$97.347 TOTAL
21%6%$5.410 Other
2%2%$1.81 Michigan 9
2%2%$2.31 Virginia 8
4%3%$2.52 Non-US 7
6%3%$2.73 Texas 6
6%10%$9.83 New York 5
23%13%$12.411 Illinois 4
15%14%$14.07 California 3
6%18%$17.53 Undisclosed 2
11%28%$27.25 Massachusetts 1
% of All Companies
% of Total
Investment
Amount
Invested
(USD Mil)Number of CompaniesFund LocationRank
Venture Capital
Geographic Sources of Funding For Illinois Companies Q4 '08
6
Section II: Venture Capital Investment Statistics
Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2008
Table 3b
Note: Company total may be higher than in other tables because each state reports transactions separately, so double-counting of companies is possible (e.g. the same company may have received funding from Texas and Illinois).
1.0%0.1%$0.21 Georgia 22
1.0%0.1%$0.21 Pennsylvania 23
1.0%--1 Alabama 24
1.0%0.3%$0.91 New Jersey 21
2.0%0.3%$1.12 Connecticut 20
1.0%0.5%$1.71 Rhode Island 19
2.0%0.6%$2.02 Wisconsin 18
2.0%0.6%$2.32 Minnesota 17
2.0%0.7%$2.52 Indiana 16
1.0%1.0%$3.71 D. of Columbia 15
3.1%1.3%$4.53 Colorado 14
3.1%1.5%$5.33 Michigan 13
2.0%1.5%$5.52 Ontario, (CA) 12
100%100%$358.298 TOTAL
2.0%2.1%$7.42 Ohio 11
5.1%2.5%$9.15 Non-US 10
5.1%3.1%$11.05 Texas 9
1.0%3.1%$11.01 Florida 8
1.0%3.1%$11.01 Virginia 7
5.1%3.8%$13.65 New York 6
3.1%10.4%$37.33 Maryland 5
19.4%18.3%$65.619 California 4
27.6%19.0%$68.027 Illinois 3
9.2%26.3%$94.39 Massachusetts 2
5.1%42.7%$153.15 Undisclosed 1
% of All Companies
% of Total
Investment
Amount
Invested
(USD Mil)Number of CompaniesFund LocationRank
Venture Capital
Geographic Sources of Funding For Illinois Companies Total 2008
1.0%0.1%$0.21 Georgia 22
1.0%0.1%$0.21 Pennsylvania 23
1.0%--1 Alabama 24
1.0%0.3%$0.91 New Jersey 21
2.0%0.3%$1.12 Connecticut 20
1.0%0.5%$1.71 Rhode Island 19
2.0%0.6%$2.02 Wisconsin 18
2.0%0.6%$2.32 Minnesota 17
2.0%0.7%$2.52 Indiana 16
1.0%1.0%$3.71 D. of Columbia 15
3.1%1.3%$4.53 Colorado 14
3.1%1.5%$5.33 Michigan 13
2.0%1.5%$5.52 Ontario, (CA) 12
100%100%$358.298 TOTAL
2.0%2.1%$7.42 Ohio 11
5.1%2.5%$9.15 Non-US 10
5.1%3.1%$11.05 Texas 9
1.0%3.1%$11.01 Florida 8
1.0%3.1%$11.01 Virginia 7
5.1%3.8%$13.65 New York 6
3.1%10.4%$37.33 Maryland 5
19.4%18.3%$65.619 California 4
27.6%19.0%$68.027 Illinois 3
9.2%26.3%$94.39 Massachusetts 2
5.1%42.7%$153.15 Undisclosed 1
% of All Companies
% of Total
Investment
Amount
Invested
(USD Mil)Number of CompaniesFund LocationRank
Venture Capital
Geographic Sources of Funding For Illinois Companies Total 2008
7
Section II: Venture Capital Investment Statistics
Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2008
Table 4a
Note: IT (Information Technology) industries include the following: communications equipment, computer hardware and software, internet, computers and semiconductor companies. Healthcare industries include the following: biotechnology, medical diagnostics, therapeutics, medical products, medical and health services and pharmaceuticals. “Other” industries include the following: consumer related, industrial/energy, transportation, financial services, manufacturing, agricultures, forestry, fishing, construction, utilities and others..
Quarterly
$174.834 $71.821 $264.435 2008
$120.044 $258.025 $222.136 2007
$190.824 $145.919 $135.634 2006
$165.416 $67.612 $251.844 2005
$187.712 $50.616 $177.235 2004
Yearly
$52.59$17.56$27.274Q '08
$61.89$46.09$87.5123Q '08
$8.26$7.04$124.5102Q '08
$52.310$1.32 $25.161Q '08
$60.714$103.56$13.794Q '07
$41.97$31.35$52.69Qtr Avg
$838.7130 $593.993 $1,051.1184 Total '04-'08
Capital Invested
(USD Mil)
Number of
Companies
Capital Invested
(USD Mil)
Number of
Companies
Capital Invested
(USD Mil)
Number of
Companies
OtherHealthcareIT
Venture Capital Invested in Illinois by Industry
Quarterly
$174.834 $71.821 $264.435 2008
$120.044 $258.025 $222.136 2007
$190.824 $145.919 $135.634 2006
$165.416 $67.612 $251.844 2005
$187.712 $50.616 $177.235 2004
Yearly
$52.59$17.56$27.274Q '08
$61.89$46.09$87.5123Q '08
$8.26$7.04$124.5102Q '08
$52.310$1.32 $25.161Q '08
$60.714$103.56$13.794Q '07
$41.97$31.35$52.69Qtr Avg
$838.7130 $593.993 $1,051.1184 Total '04-'08
Capital Invested
(USD Mil)
Number of
Companies
Capital Invested
(USD Mil)
Number of
Companies
Capital Invested
(USD Mil)
Number of
Companies
OtherHealthcareIT
Venture Capital Invested in Illinois by Industry
8
Section II: Venture Capital Investment Statistics
Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2008
Chart 1
Venture Capital Invested in Illinois
by Industry
$13.7$25.1
$124.5
$87.5
$27.2
$103.5
$1.3
$7.0
$46.0
$17.5
$60.7
$52.3
$8.2
$61.8
$52.5
$0
$50
$100
$150
$200
4Q '07 1Q '08 2Q '08 3Q '08 4Q '08
US
$ M
illio
n
IT Dollars Healthcare Dollars Other Dollars
96
1012
7
6
2
4
9
6
14
10
6
9
9
0
10
20
30
4Q '07 1Q '08 2Q '08 3Q '08 4Q '08
Num
ber
of
Com
panie
s F
unded
IT Companies Healthcare Companies Other Companies
9
Section II: Venture Capital Investment Statistics
Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2008
Table 4b
Note: Results in the table may be either higher or lower than totals in prior IVCA Monitors because of reclassification of results in the Thomson-Reuter Venture Expert database. Green company investments include, but are not limited to, investments in companies involved in the following industries: batteries, power supplies, alternative energy sources, coal, energy conservation, pollution and recycling, biotech processes for pollution, toxic waste control and oil recovery.
Quarterly
$96.3$80.61242008
$7.5$7.9732007
$32.2$21.01552006
$7.0$2.0632005
$8.3$4.0512004
Yearly
$12.7$46.3224Q '08
$31.2$0.0303Q '08
$32.0$14.8412Q '08
$20.5$19.5311Q '08
$0.4$0.0304Q '07
$151.3$115.54516Total '04 - '08
Illinois Firms' Investment in
U.S. "Green” Companies
(USD Mil)
Investment in Illinois
"Green" Companies
(USD Mil)
Illinois Firms Making
"Green" Venture Capital
Investments
Illinois "Green" Companies
receiving Venture Capital
Investments
"Green" Venture Capital Investments
Quarterly
$96.3$80.61242008
$7.5$7.9732007
$32.2$21.01552006
$7.0$2.0632005
$8.3$4.0512004
Yearly
$12.7$46.3224Q '08
$31.2$0.0303Q '08
$32.0$14.8412Q '08
$20.5$19.5311Q '08
$0.4$0.0304Q '07
$151.3$115.54516Total '04 - '08
Illinois Firms' Investment in
U.S. "Green” Companies
(USD Mil)
Investment in Illinois
"Green" Companies
(USD Mil)
Illinois Firms Making
"Green" Venture Capital
Investments
Illinois "Green" Companies
receiving Venture Capital
Investments
"Green" Venture Capital Investments
10
Section II: Venture Capital Investment Statistics
Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2008
Table 4b1
Table 4b2
Note: Investor firms listed are only those located in Illinois. Deals may have included other investor firms outside of Illinois and therefore may not match other tables.
Blackstone Group, L.P.,Khosla Ventures, Globespan
Capital Partners (FKA: JAFCO America Ventures),
GreatPoint Ventures, Advanced Technology Ventures
(AKA: ATV)
$40.0Coskata, Inc.
Investor FirmsInvestment (USD Mil)Company Name
VC Investments in Illinois "Green" Companies - Q4 '08
Blackstone Group, L.P.,Khosla Ventures, Globespan
Capital Partners (FKA: JAFCO America Ventures),
GreatPoint Ventures, Advanced Technology Ventures
(AKA: ATV)
$40.0Coskata, Inc.
Investor FirmsInvestment (USD Mil)Company Name
VC Investments in Illinois "Green" Companies - Q4 '08
Illinois Ventures LLC$1.0TetraVitae Bioscience, Inc.
CIVC Partners LP (FKA: Continental Illinois Venture Corp.)$11.7Jinko Solar Energy Company, Ltd.
Investor FirmsInvestment (USD Mil)Company Name
Illinois Firms Making VC Investments in "Green" Companies – Q4 '08
Illinois Ventures LLC$1.0TetraVitae Bioscience, Inc.
CIVC Partners LP (FKA: Continental Illinois Venture Corp.)$11.7Jinko Solar Energy Company, Ltd.
Investor FirmsInvestment (USD Mil)Company Name
Illinois Firms Making VC Investments in "Green" Companies – Q4 '08
11
Section II: Venture Capital Investment Statistics
Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2008
Table 5 (part 1 of 3)
$40.0TPG; Texas Pacific Group GrowthElevance Renewable Sciences, Inc.28
$25.0SAP Ventures; Intel CapitalEndeca Technologies, Inc.29
$9.0Undisclosed Venture Firm,Foundation Capital,GRP Partners (AKA: Global
Retail Partners)
EnvestnetPMC, Inc. (AKA: Envestment
Group, The)
30
$34.5Sevin Rosen Funds (AKA: Sevin Rosen Management Co.),Columbia Capital
LLC,Centennial Ventures,Palomar Ventures,CenterPoint Venture Partners
ExteNet Systems, Inc. (FKA: ClearLinx
Network Corporation)
31
$1.0Illinois Ventures LLC,Undisclosed Venture FirmFashion Latte32
$1.6-Fave Media Inc.33
$15.0KB Partners, LLC; Caterpillar Inc. (NYSE:CAT); Husqvarna AB (OM:HUSQ
B); BAE Systems Land and Armaments; Stark Investments LP; Illinois
Development Finance Authority; Heartland Capital Network; Khosla
Ventures; The Quercus Trust; Infield Capital
Firefly Energy Inc.34
$1.9RPM Ventures (FKA: Waypoint Ventures),Illinois Ventures LLC,Undisclosed
Firm
Eden Park Illumination, Inc.27
$1.0Illinois Ventures LLC,Undisclosed Venture FirmDiagnostic Photonics, Inc.26
$3.0-crowdSPRING, LLC25
$0.2Synetro Capital, LLC (FKA: eBlast Ventures, LLC)CrossCheck Compliance, Inc.24
$2.5-Coveo Solutions, Inc.23
$59.5Blackstone Group, L.P.,General Motors Investment Management
Co.,Khosla Ventures,Globespan Capital Partners (FKA: JAFCO America
Ventures),GreatPoint Ventures,Undisclosed Firm,Advanced Technology
Ventures (AKA: ATV)
Coskata, Inc.22
$8.0Linden LLCCorpak MedSystems, Inc. (FKA: Viasys
MedSystems, Inc.)
21
$60.0Individuals,Undisclosed FirmCole Taylor Bank20
$1.9New Enterprise Associates,Alsop Louie Partners,Batterson Venture
Partners (AKA: BVP)
Cleversafe, Inc.19
$2.7Thomas, McNerney & Partners LLC ,Undisclosed Venture FirmClarus Therapeutics, Inc.18
$12.4Burrill Venture Capital; Venture Investors, LLC; Foragen Technologies
Management Inc.; IllinoisVENTURES, LLC; Unilever Technology Ventures;
Quantitative Financial Strategies, Inc.; Malaysian Technology Development
Corporation Sdn Bhd
Chromatin, Inc.17
--Catylist Inc.16
-Focus Equity Partners, LLCBusiness Only Broadband, LLC15
$0.1OCA Venture Partners ,TGap Ventures LLC,Ceres Venture FundBrill Street + Company, Inc.14
$38.0United States Department of The TreasuryBridgeview Bancorp, Inc.13
-Archer-Daniels-Midland Co. (NYSE:ADM)BioBlend Renewable Resources LLC12
$1.4Illinois Ventures LLC,Undisclosed Venture FirmAutonomic Materials, Inc.11
$1.0Illinois Ventures LLC,Undisclosed Venture FirmAthena Advertising10
$9.3Baird Capital Partners,Adams Street Partners LLC (FKA: Brinson Private
Equity),Baird Venture Partners,Och-Ziff Capital Management Group (AKA:
OZ Advisors, LLC)
Arroweye Solutions, Inc.9
$4.2Mosaic Venture PartnersArgo Tea, Inc.8
$3.0Draper Fisher Jurvetson (FKA: Draper Associates),Undisclosed Venture
Firm
Analyte Media, Inc. (FKA: Ajuga Media)7
$5.4Carmel VenturesAmadesa, Inc.6
--Advance Case Loans LLC5
$3.5Adams Street Partners LLC (FKA: Brinson Private Equity)Adams Harris, Inc.4
$4.0Intel CapitalAccertify, Inc.3
-Undisclosed FirmAC HoldCo, LLC2
-Marquette Venture Partners4th Floor Investment Group LLC1
Sum Inv.
(USD Mil) Firm Name Company Name
Venture Capital Investments by Illinois Firms in Illinois Companies - 2008
$40.0TPG; Texas Pacific Group GrowthElevance Renewable Sciences, Inc.28
$25.0SAP Ventures; Intel CapitalEndeca Technologies, Inc.29
$9.0Undisclosed Venture Firm,Foundation Capital,GRP Partners (AKA: Global
Retail Partners)
EnvestnetPMC, Inc. (AKA: Envestment
Group, The)
30
$34.5Sevin Rosen Funds (AKA: Sevin Rosen Management Co.),Columbia Capital
LLC,Centennial Ventures,Palomar Ventures,CenterPoint Venture Partners
ExteNet Systems, Inc. (FKA: ClearLinx
Network Corporation)
31
$1.0Illinois Ventures LLC,Undisclosed Venture FirmFashion Latte32
$1.6-Fave Media Inc.33
$15.0KB Partners, LLC; Caterpillar Inc. (NYSE:CAT); Husqvarna AB (OM:HUSQ
B); BAE Systems Land and Armaments; Stark Investments LP; Illinois
Development Finance Authority; Heartland Capital Network; Khosla
Ventures; The Quercus Trust; Infield Capital
Firefly Energy Inc.34
$1.9RPM Ventures (FKA: Waypoint Ventures),Illinois Ventures LLC,Undisclosed
Firm
Eden Park Illumination, Inc.27
$1.0Illinois Ventures LLC,Undisclosed Venture FirmDiagnostic Photonics, Inc.26
$3.0-crowdSPRING, LLC25
$0.2Synetro Capital, LLC (FKA: eBlast Ventures, LLC)CrossCheck Compliance, Inc.24
$2.5-Coveo Solutions, Inc.23
$59.5Blackstone Group, L.P.,General Motors Investment Management
Co.,Khosla Ventures,Globespan Capital Partners (FKA: JAFCO America
Ventures),GreatPoint Ventures,Undisclosed Firm,Advanced Technology
Ventures (AKA: ATV)
Coskata, Inc.22
$8.0Linden LLCCorpak MedSystems, Inc. (FKA: Viasys
MedSystems, Inc.)
21
$60.0Individuals,Undisclosed FirmCole Taylor Bank20
$1.9New Enterprise Associates,Alsop Louie Partners,Batterson Venture
Partners (AKA: BVP)
Cleversafe, Inc.19
$2.7Thomas, McNerney & Partners LLC ,Undisclosed Venture FirmClarus Therapeutics, Inc.18
$12.4Burrill Venture Capital; Venture Investors, LLC; Foragen Technologies
Management Inc.; IllinoisVENTURES, LLC; Unilever Technology Ventures;
Quantitative Financial Strategies, Inc.; Malaysian Technology Development
Corporation Sdn Bhd
Chromatin, Inc.17
--Catylist Inc.16
-Focus Equity Partners, LLCBusiness Only Broadband, LLC15
$0.1OCA Venture Partners ,TGap Ventures LLC,Ceres Venture FundBrill Street + Company, Inc.14
$38.0United States Department of The TreasuryBridgeview Bancorp, Inc.13
-Archer-Daniels-Midland Co. (NYSE:ADM)BioBlend Renewable Resources LLC12
$1.4Illinois Ventures LLC,Undisclosed Venture FirmAutonomic Materials, Inc.11
$1.0Illinois Ventures LLC,Undisclosed Venture FirmAthena Advertising10
$9.3Baird Capital Partners,Adams Street Partners LLC (FKA: Brinson Private
Equity),Baird Venture Partners,Och-Ziff Capital Management Group (AKA:
OZ Advisors, LLC)
Arroweye Solutions, Inc.9
$4.2Mosaic Venture PartnersArgo Tea, Inc.8
$3.0Draper Fisher Jurvetson (FKA: Draper Associates),Undisclosed Venture
Firm
Analyte Media, Inc. (FKA: Ajuga Media)7
$5.4Carmel VenturesAmadesa, Inc.6
--Advance Case Loans LLC5
$3.5Adams Street Partners LLC (FKA: Brinson Private Equity)Adams Harris, Inc.4
$4.0Intel CapitalAccertify, Inc.3
-Undisclosed FirmAC HoldCo, LLC2
-Marquette Venture Partners4th Floor Investment Group LLC1
Sum Inv.
(USD Mil) Firm Name Company Name
Venture Capital Investments by Illinois Firms in Illinois Companies - 2008
12
Section II: Venture Capital Investment Statistics
Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2008
Table 5 (part 2 of 3)
$8.5New World Ventures ,Undisclosed Firm,Individuals,North Bridge Venture
Partners
Firm58, Inc.35
-US Bancorp (NYSE:USB)Mpayy, Inc.63
$30.0FTV Capital, Undisclosed Firm,Accel India Venture Fund (FKA: Erasmic
Venture Fund Pvt.)
Mu Sigma Inc.64
$0.3Illinois Ventures LLCNanodisc, Inc.65
$12.0-NanoInk, Inc.66
$1.0Arrowhead Research Corp. (NasdaqGM:ARWR); Royal DSM N.V.
(ENXTAM:DSM)
Nanotope, Inc.67
$0.2Hopewell VenturesNational Pasteurized Eggs, Inc.68
$3.1Saab VenturesnavAero, Inc.69
$5.0CID Equity Partners,First Analysis CorporationNeptun Light, Inc.70
$2.5Investacorp, Inc.Model Metrics,Inc.62
$2.5Undisclosed Firm,Undisclosed FirmMetro Visual, Inc.61
-Och-Ziff Capital Management Group (AKA: OZ Advisors, LLC)Metal Management, Inc.60
$40.0New Enterprise Associates,Undisclosed Firm,Undisclosed FirmMediaBank LLC (AKA: MBXG
Holdings, Inc.)
59
--LiveStub.com58
--Lifeline Scientific Inc (LSE:LSI)57
$30.0North Bridge Venture PartnersLeapfrog Online, Inc.56
-TA Associates, Inc.Keeley Asset Management Corporation
(AKA: KAMCO)
55
-Brantley PartnersJet Lithocolor, Inc.54
$5.0Sigma PartnersJellyvision, Inc.53
-GE Energy Financial ServicesInvenergy Wind LLC52
-Vanguard VenturesInterCall (FKA: Raindance
Communications)
51
$0.5Hopewell VenturesInStadium, LLC50
$26.0Apex Venture Partners; First Analysis Corporation; Sigma Partners;
Informatica Corp. (NasdaqGS:INFA); EMC Corporation (NYSE:EMC);
Paladin Capital Group; Dunrath Capital, Inc.
Initiate Systems, Inc.49
$5.0Sandbox Industries, LLCInitiate Systems, Inc.48
-Thoma Cressey BravoInfuScience, Inc.47
$4.6Apex Venture Partners; Origin Ventures; Spring Mill Venture Partners;
Chicagoland Entrepreneurial Center, Investment Arm
Ifbyphone, LLC46
$5.0Fox Paine & Company, LLC,Open Prairie Ventures,Illinois Ventures LLCiCyt Mission Technology, Inc.45
$15.0-iCrossing, Inc.44
$3.0Radar PartnersHorny Toad Activewear, Inc.43
-Scale Venture Partners (FKA: BA Venture Partners),Essex Woodlands
Health Ventures (FKA: Woodlands Venture)
Horizon Therapeutics, Inc.42
-EBSCO Industries Inc.Hallmark Data Systems LLC41
$0.5Ben Franklin Technology Partners of Northeastern PA,Undisclosed Venture
Firm
GrantAdler Corporation40
$16.0The Walnut Group; CapX Partners; Comerica Bank - Texas; Cordjia; Trinity
Capital Investment Group, Inc.
GOLIATH Solutions, LLC39
$0.1Undisclosed Venture Firm,Illinois Ventures LLCFusion.IM38
$3.5Docor International Management Ltd.Fourier Systems, Inc.37
$3.0-Forcelogix, LLC36
Sum Inv.
(USD Mil) Firm Name Company Name
Venture Capital Investments by Illinois Firms in Illinois Companies - 2008
$8.5New World Ventures ,Undisclosed Firm,Individuals,North Bridge Venture
Partners
Firm58, Inc.35
-US Bancorp (NYSE:USB)Mpayy, Inc.63
$30.0FTV Capital, Undisclosed Firm,Accel India Venture Fund (FKA: Erasmic
Venture Fund Pvt.)
Mu Sigma Inc.64
$0.3Illinois Ventures LLCNanodisc, Inc.65
$12.0-NanoInk, Inc.66
$1.0Arrowhead Research Corp. (NasdaqGM:ARWR); Royal DSM N.V.
(ENXTAM:DSM)
Nanotope, Inc.67
$0.2Hopewell VenturesNational Pasteurized Eggs, Inc.68
$3.1Saab VenturesnavAero, Inc.69
$5.0CID Equity Partners,First Analysis CorporationNeptun Light, Inc.70
$2.5Investacorp, Inc.Model Metrics,Inc.62
$2.5Undisclosed Firm,Undisclosed FirmMetro Visual, Inc.61
-Och-Ziff Capital Management Group (AKA: OZ Advisors, LLC)Metal Management, Inc.60
$40.0New Enterprise Associates,Undisclosed Firm,Undisclosed FirmMediaBank LLC (AKA: MBXG
Holdings, Inc.)
59
--LiveStub.com58
--Lifeline Scientific Inc (LSE:LSI)57
$30.0North Bridge Venture PartnersLeapfrog Online, Inc.56
-TA Associates, Inc.Keeley Asset Management Corporation
(AKA: KAMCO)
55
-Brantley PartnersJet Lithocolor, Inc.54
$5.0Sigma PartnersJellyvision, Inc.53
-GE Energy Financial ServicesInvenergy Wind LLC52
-Vanguard VenturesInterCall (FKA: Raindance
Communications)
51
$0.5Hopewell VenturesInStadium, LLC50
$26.0Apex Venture Partners; First Analysis Corporation; Sigma Partners;
Informatica Corp. (NasdaqGS:INFA); EMC Corporation (NYSE:EMC);
Paladin Capital Group; Dunrath Capital, Inc.
Initiate Systems, Inc.49
$5.0Sandbox Industries, LLCInitiate Systems, Inc.48
-Thoma Cressey BravoInfuScience, Inc.47
$4.6Apex Venture Partners; Origin Ventures; Spring Mill Venture Partners;
Chicagoland Entrepreneurial Center, Investment Arm
Ifbyphone, LLC46
$5.0Fox Paine & Company, LLC,Open Prairie Ventures,Illinois Ventures LLCiCyt Mission Technology, Inc.45
$15.0-iCrossing, Inc.44
$3.0Radar PartnersHorny Toad Activewear, Inc.43
-Scale Venture Partners (FKA: BA Venture Partners),Essex Woodlands
Health Ventures (FKA: Woodlands Venture)
Horizon Therapeutics, Inc.42
-EBSCO Industries Inc.Hallmark Data Systems LLC41
$0.5Ben Franklin Technology Partners of Northeastern PA,Undisclosed Venture
Firm
GrantAdler Corporation40
$16.0The Walnut Group; CapX Partners; Comerica Bank - Texas; Cordjia; Trinity
Capital Investment Group, Inc.
GOLIATH Solutions, LLC39
$0.1Undisclosed Venture Firm,Illinois Ventures LLCFusion.IM38
$3.5Docor International Management Ltd.Fourier Systems, Inc.37
$3.0-Forcelogix, LLC36
Sum Inv.
(USD Mil) Firm Name Company Name
Venture Capital Investments by Illinois Firms in Illinois Companies - 2008
13
Section II: Venture Capital Investment Statistics
Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2008
$1.0Illinois Ventures LLC,Undisclosed Venture FirmTiOn98
$3.9Highland Capital Partners LLC,Arcapita, Inc. (FKA: Crescent Capital
Investments, Inc.),Undisclosed Firm,Undisclosed Venture Firm,CHL Medical
Partners (AKA: Collinson, Howe & Lennox, LLC),Versant
Ventures,Undisclosed Firm
Undisclosed Company99
$8.0Arch Venture Partners, L.P.; River Cities Capital Funds; New World
Ventures; OCA Venture Partners, LLC; Appian Ventures Inc.
Univa UD100
$1.2Undisclosed Firm,Hopewell VenturesVHT, Inc. (FKA: VideoHomeTours.com)101
$15.0Fidelity Ventures Vibes Media, Inc.102
$15.0United States Department of The TreasuryWestern Illinois Bancshares, Inc.103
$14.0San Francisco Equity Partners; Simon Equity PartnersYes To Ltd.104
$2.5Ceres Venture Fund,Bridge Street Capital Partners, LLCZorch International, Inc.105
$4.8Undisclosed Firm,New Enterprise AssociatesThePoint.com, Inc.97
$160.0Perseus, L.L.C.; Clean Energy Fuels Corp. (NasdaqGS:CLNE)The Vehicle Production Group LLC96
$4.8New Enterprise AssociatesThe Point, LLC95
$6.3Harris & Harris Group, Inc.,Illinois Ventures LLC,RPM Ventures (FKA:
Waypoint Ventures),Undisclosed Firm
TetraVitae Bioscience, Inc.94
$40.0Individuals,Undisclosed FirmTaylor Capital Group, Inc.93
$1.6Individuals,New Jersey Technology Council (AKA: NJTC)Sword Diagnostics, Inc.92
$1.5Illinois Ventures LLC,Origin Ventures, LLCSteady Sleep, Inc. (AKA: Sleep Apnea
Newco, Inc.)
91
$22.0H.I.G. Capital, LLC (AKA: H.I.G. Ventures),American Capital, Ltd. (FKA:
American Capital Strategies)
Spring Air Co.90
$1.1Sofinnova VenturesSorbent Therapeutics, Inc.89
$3.0Battery Ventures, L.P.SmartSpark Energy Systems, Inc.88
$5.0Point Judith Capital ,Apex Venture Partners,Undisclosed FirmSittercity, Inc.87
$15.0Caltius Capital ManagementSeniorBridge Family Companies, Inc.86
-Penn Venture Partners, L.P.Senators Partners, LLC85
$10.0Sterling PartnersSAVO Group, Ltd., The84
$30.0Vivo Ventures (FKA: BioAsia Investments LLC),Undisclosed Venture FirmSagent Pharmaceuticals, Inc. (AKA:
Sagent Holding Company)
83
$2.4RPM Ventures; IllinoisVENTURES, LLC; CC Services, Inc.RiverGlass, Inc.82
$0.4Austin Ventures, L.P.Revenue Cycle Solutions, Inc.81
-CID Capital; Dunrath Capital, Inc.RedSky Technologies, Inc.80
-Goldman Sachs Group, Merchant Banking DivisionQuantitative Services Group, L.L.C.79
$0.2River Cities Capital FundsProfind, Inc. (FKA: Delaware C Corp.)78
-Wayzata Investment Partners Portola Packaging, Inc.77
$10.0Adams Street Partners LLC (FKA: Brinson Private Equity),Undisclosed FirmPaylocity76
$0.5Sidus Group, TheOrion Recruiting75
-RFE Investment PartnersNudo Products, Inc.74
$4.7Qualcomm Ventures,Kettle Partners,JK&B Capital,Colorado Investment
Securities
Novarra, Inc. (FKA: InfoSpeed)73
$1.0Illinois Ventures LLC,Undisclosed Venture FirmNext Big Sound, Inc., The (AKA:
TNBS)
72
$2.5Undisclosed Venture Firm,Novo AS,Thomas, McNerney & Partners LLC NeuroTherapeutics Pharma, Inc.71
Sum Inv.
(USD Mil) Firm Name Company Name
Venture Capital Investments by Illinois Firms in Illinois Companies - 2008
$1.0Illinois Ventures LLC,Undisclosed Venture FirmTiOn98
$3.9Highland Capital Partners LLC,Arcapita, Inc. (FKA: Crescent Capital
Investments, Inc.),Undisclosed Firm,Undisclosed Venture Firm,CHL Medical
Partners (AKA: Collinson, Howe & Lennox, LLC),Versant
Ventures,Undisclosed Firm
Undisclosed Company99
$8.0Arch Venture Partners, L.P.; River Cities Capital Funds; New World
Ventures; OCA Venture Partners, LLC; Appian Ventures Inc.
Univa UD100
$1.2Undisclosed Firm,Hopewell VenturesVHT, Inc. (FKA: VideoHomeTours.com)101
$15.0Fidelity Ventures Vibes Media, Inc.102
$15.0United States Department of The TreasuryWestern Illinois Bancshares, Inc.103
$14.0San Francisco Equity Partners; Simon Equity PartnersYes To Ltd.104
$2.5Ceres Venture Fund,Bridge Street Capital Partners, LLCZorch International, Inc.105
$4.8Undisclosed Firm,New Enterprise AssociatesThePoint.com, Inc.97
$160.0Perseus, L.L.C.; Clean Energy Fuels Corp. (NasdaqGS:CLNE)The Vehicle Production Group LLC96
$4.8New Enterprise AssociatesThe Point, LLC95
$6.3Harris & Harris Group, Inc.,Illinois Ventures LLC,RPM Ventures (FKA:
Waypoint Ventures),Undisclosed Firm
TetraVitae Bioscience, Inc.94
$40.0Individuals,Undisclosed FirmTaylor Capital Group, Inc.93
$1.6Individuals,New Jersey Technology Council (AKA: NJTC)Sword Diagnostics, Inc.92
$1.5Illinois Ventures LLC,Origin Ventures, LLCSteady Sleep, Inc. (AKA: Sleep Apnea
Newco, Inc.)
91
$22.0H.I.G. Capital, LLC (AKA: H.I.G. Ventures),American Capital, Ltd. (FKA:
American Capital Strategies)
Spring Air Co.90
$1.1Sofinnova VenturesSorbent Therapeutics, Inc.89
$3.0Battery Ventures, L.P.SmartSpark Energy Systems, Inc.88
$5.0Point Judith Capital ,Apex Venture Partners,Undisclosed FirmSittercity, Inc.87
$15.0Caltius Capital ManagementSeniorBridge Family Companies, Inc.86
-Penn Venture Partners, L.P.Senators Partners, LLC85
$10.0Sterling PartnersSAVO Group, Ltd., The84
$30.0Vivo Ventures (FKA: BioAsia Investments LLC),Undisclosed Venture FirmSagent Pharmaceuticals, Inc. (AKA:
Sagent Holding Company)
83
$2.4RPM Ventures; IllinoisVENTURES, LLC; CC Services, Inc.RiverGlass, Inc.82
$0.4Austin Ventures, L.P.Revenue Cycle Solutions, Inc.81
-CID Capital; Dunrath Capital, Inc.RedSky Technologies, Inc.80
-Goldman Sachs Group, Merchant Banking DivisionQuantitative Services Group, L.L.C.79
$0.2River Cities Capital FundsProfind, Inc. (FKA: Delaware C Corp.)78
-Wayzata Investment Partners Portola Packaging, Inc.77
$10.0Adams Street Partners LLC (FKA: Brinson Private Equity),Undisclosed FirmPaylocity76
$0.5Sidus Group, TheOrion Recruiting75
-RFE Investment PartnersNudo Products, Inc.74
$4.7Qualcomm Ventures,Kettle Partners,JK&B Capital,Colorado Investment
Securities
Novarra, Inc. (FKA: InfoSpeed)73
$1.0Illinois Ventures LLC,Undisclosed Venture FirmNext Big Sound, Inc., The (AKA:
TNBS)
72
$2.5Undisclosed Venture Firm,Novo AS,Thomas, McNerney & Partners LLC NeuroTherapeutics Pharma, Inc.71
Sum Inv.
(USD Mil) Firm Name Company Name
Venture Capital Investments by Illinois Firms in Illinois Companies - 2008
Table 5 (part 3 of 3)
Note: Unlike the rest of the data in the Monitor, this table and table 9 are derived from two sources, Thomson Reuters Financial and Capital IQ. The IVCA Monitor accepts the categories (venture or buyout) provided by Thomson & Capital IQ. Table totals may differ from other tables in this report because private equity reporting is continuous and therefore changes from day to day for all data sources. Also, some companies may appear in both Venture Capital and Buyout lists because both the type of financing round and the investing firm are considered when compiling the list. For example, if a buyout fund made an investment in a venture capital round of financing it would be considered under both Venture Capital and Buyout lists. .
14
Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2008
Section III: Buyout Related Capital Investment Statistics
Table 6
Note: Company totals may not match other tables in this report because quarterly data may include deals with multiple rounds of financing. Yearly totals in the table above are calculated from quarterly data.
Quarterly
$787.171$40,853.82,2622008
$735.596$58,106.92,5972007
$816.972$41,529.01,8162006
$666.943$28,052.51,4002005
$1,091.535$28,481.41,1682004
Yearly
$10.511 $5,017.4426 4Q '08
$438.815 $15,307.5583 3Q '08
$229.121 $11,388.1590 2Q '08
$108.724 $9,140.8663 1Q '08
$295.329 $23,415.5676 4Q '07
$204.9 16$9,851.2462Qtr Avg
$4,097.8317$197,023.69,243Total '04-'08
Investment
(USD Mil)Number of Companies
Investment
(USD Mil)Number of Companies
Buyout Investments - IllinoisBuyout Investments - Nation
Quarterly
$787.171$40,853.82,2622008
$735.596$58,106.92,5972007
$816.972$41,529.01,8162006
$666.943$28,052.51,4002005
$1,091.535$28,481.41,1682004
Yearly
$10.511 $5,017.4426 4Q '08
$438.815 $15,307.5583 3Q '08
$229.121 $11,388.1590 2Q '08
$108.724 $9,140.8663 1Q '08
$295.329 $23,415.5676 4Q '07
$204.9 16$9,851.2462Qtr Avg
$4,097.8317$197,023.69,243Total '04-'08
Investment
(USD Mil)Number of Companies
Investment
(USD Mil)Number of Companies
Buyout Investments - IllinoisBuyout Investments - Nation
15
Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2008
Section III: Buyout Related Capital Investment Statistics
Table 7a
Table 7b
$174.416 Colorado 10
$215.125 Florida 9
$10.511 Illinois 25
$249.918 Massachusetts 8
$259.57 Wisconsin 7
$272.318 Ohio 6
$372.115 Pennsylvania 5
$451.681 California 4
$480.040 Texas 3
$713.410 Tennessee 2
$1,170.224 New York 1
Investments (USD Mil) Number of Companies Fund Location Rank
Buyout Related Investments
State Rankings – Q4 '08
$174.416 Colorado 10
$215.125 Florida 9
$10.511 Illinois 25
$249.918 Massachusetts 8
$259.57 Wisconsin 7
$272.318 Ohio 6
$372.115 Pennsylvania 5
$451.681 California 4
$480.040 Texas 3
$713.410 Tennessee 2
$1,170.224 New York 1
Investments (USD Mil) Number of Companies Fund Location Rank
Buyout Related Investments
State Rankings – Q4 '08
$1,492.820 Utah 9
$787.165Illinois 15
$1,467.532 Tennessee 10
$1,557.355 Virginia 8
$1,721.688 Florida 7
$2,079.157 Georgia 6
$2,215.410 Nebraska 5
$2,845.7116 Massachusetts 4
$4,197.5173 Texas 3
$5,356.9421 California 2
$7,093.8155 New York 1
Investments (USD Mil) Number of Companies Fund Location Rank
Buyout Related Investments
State Rankings – Total 2008
$1,492.820 Utah 9
$787.165Illinois 15
$1,467.532 Tennessee 10
$1,557.355 Virginia 8
$1,721.688 Florida 7
$2,079.157 Georgia 6
$2,215.410 Nebraska 5
$2,845.7116 Massachusetts 4
$4,197.5173 Texas 3
$5,356.9421 California 2
$7,093.8155 New York 1
Investments (USD Mil) Number of Companies Fund Location Rank
Buyout Related Investments
State Rankings – Total 2008
16
Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2008
Section III: Buyout Related Capital Investment Statistics
Table 8a
Note: Company totals may be higher than in other tables because each state reports transactions separately, so double-counting of companies is possible (e.g. the same company may have received funding from Texas and Illinois).
7%--1 Pennsylvania 5
20%--3 Undisclosed 6
7%--1 Florida 7
7%--1 D. of Columbia 8
100%100%$10.515TOTAL
7%--1 Minnesota 10
7%--1 Connecticut 9
7%3%$0.31 Ohio 4
7%4%$0.41 Texas 3
20%17%$1.83 Illinois 2
13%76%$8.02 New York 1
% of All Companies
% of Total
Investment
Amount
Invested
(USD Mil)Number of CompaniesFund LocationRank
Buyout Related Capital
Geographic Sources of Funding For Illinois Companies Q4 '08
7%--1 Pennsylvania 5
20%--3 Undisclosed 6
7%--1 Florida 7
7%--1 D. of Columbia 8
100%100%$10.515TOTAL
7%--1 Minnesota 10
7%--1 Connecticut 9
7%3%$0.31 Ohio 4
7%4%$0.41 Texas 3
20%17%$1.83 Illinois 2
13%76%$8.02 New York 1
% of All Companies
% of Total
Investment
Amount
Invested
(USD Mil)Number of CompaniesFund LocationRank
Buyout Related Capital
Geographic Sources of Funding For Illinois Companies Q4 '08
17
Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2008
Section III: Buyout Related Capital Investment Statistics
Table 8b
Note: Company totals may be higher than in other tables because each state reports transactions separately, so double-counting of companies is possible (e.g. the same company may have received funding from Texas and Illinois).
1.5%--1 Indiana 18
3.0%--2 Pennsylvania 17
1.5%--1 Colorado 16
3.0%--2 Connecticut 15
4.5%--3 D. of Columbia 14
1.5%0.1%$0.71 Wisconsin 13
4.5%0.1%$1.13 California 12
3.0%1.0%$7.52 Ohio 10
100%100%$786.966 TOTAL
4.5%0.3%$2.33 Texas 11
1.5%1.4%$11.01 Maryland 9
7.6%2.7%$21.05 Massachusetts 8
4.5%2.7%$21.23 Undisclosed 7
3.0%4.9%$38.32 Missouri 6
6.1%5.6%$43.84 Michigan 5
6.1%9.5%$75.04 Minnesota 4
1.5%10.9%$85.51 Florida 3
16.7%14.9%$117.111 New York 2
25.8%46.1%$362.417 Illinois 1
% of All Companies
% of Total
Investment
Amount
Invested
(USD Mil)Number of CompaniesFund LocationRank
Buyout Related Capital
Geographic Sources of Funding For Illinois Companies Total 2008
1.5%--1 Indiana 18
3.0%--2 Pennsylvania 17
1.5%--1 Colorado 16
3.0%--2 Connecticut 15
4.5%--3 D. of Columbia 14
1.5%0.1%$0.71 Wisconsin 13
4.5%0.1%$1.13 California 12
3.0%1.0%$7.52 Ohio 10
100%100%$786.966 TOTAL
4.5%0.3%$2.33 Texas 11
1.5%1.4%$11.01 Maryland 9
7.6%2.7%$21.05 Massachusetts 8
4.5%2.7%$21.23 Undisclosed 7
3.0%4.9%$38.32 Missouri 6
6.1%5.6%$43.84 Michigan 5
6.1%9.5%$75.04 Minnesota 4
1.5%10.9%$85.51 Florida 3
16.7%14.9%$117.111 New York 2
25.8%46.1%$362.417 Illinois 1
% of All Companies
% of Total
Investment
Amount
Invested
(USD Mil)Number of CompaniesFund LocationRank
Buyout Related Capital
Geographic Sources of Funding For Illinois Companies Total 2008
18
Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2008
Section III: Buyout Related Capital Investment Statistics
Table 9 (part 1 of 3)
-Richard L. Scott Investments, LLC, Northstar Capital, LLC (FKA: Seidler
Capital, Ltd.),Undisclosed Firm
Drives, Incorporated28
$0.4-Econometrics, Inc. (OTCBB:EOMI)29
-Beecken, Petty & Company LLCEDP Investment Holdings LLC30
$1.9TPG Growth (FKA:TPG Ventures) ,TPG (FKA:Texas Pacific Group)Elevance Renewable Sciences, Inc.
(FKA: Renewable Chemicals)
31
-Tinicum Capital PartnersEnesco LLC32
-Leeds Equity PartnersEx Libris Ltd.33
-Vulpes, LLCFox & Obel Food Market34
-Arbor Private Investment Company, LLC Gold Standard Baking, Inc.35
-Northstar Capital, LLC (FKA: Seidler Capital, Ltd.),Undisclosed FirmDrives, Inc.27
-North America Sports Media, Inc.Doddson Travel Agency, Inc.26
-Code Hennessy & Simmons, L.L.C.Dental Health Resources, Inc.25
$8.0Blackstone Group, L.P.Coskata, Inc.24
-Madison Capital Funding LLC (AKA: Madison Capital),Audax GroupCortz, Inc. (DBA: In The Swim)23
$16.0Linden LLCCorpak MedSystems, Inc. (FKA: Viasys
MedSystems, Inc.)
22
-Marquette Capital Partners; BrightPath Capital; 4th Floor Investment Group,
LLC
Consolidated Distribution Corp.21
-Prairie CapitalCole Taylor Bank20
-American Capital, Ltd. (NasdaqGS:ACAS)CIBT, Inc.19
$74.5H.I.G. Capital, LLC (AKA: H.I.G. Ventures)Chicago Oleochemicals18
-The Johnsson Group Inc.CenterStone Solutions LLC17
-Undisclosed FirmByers Food, Inc.16
-Focus Equity Partners, LLCBusiness Only Broadband LLC15
-Citadel Plastics Holdings, Inc.Bulk Molding Compounds, Inc.14
-Patriarch Partners, LLCBest Manufacturing Group LLC13
-Undisclosed Firm,Chicago Growth Partners (William Blair Capital Partners)Benetech, Inc.12
-Golub Capital; Graham Partners; Inverness Graham InvestmentsB&B Electronics Manufacturing
Company, Inc.
11
$1.0GTCR Golder Rauner LLCAspire Holdings LLC10
$30.3Baird Capital Partners,Adams Street Partners LLC (FKA: Brinson Private
Equity),Undisclosed Firm,Baird Venture Partners,Och-Ziff Capital
Management Group (AKA: OZ Advisors, LLC)
Arroweye Solutions, Inc.9
-Noble Investment Group Ltd.Amerisuites Schaumburg Hotel8
$28.0Wall Street Systems Delaware, Inc.Aleri Global Banking7
$1.5Adams Street Partners LLC (FKA: Brinson Private Equity)Adams Harris, Inc.6
$200.0Thoma Cressey Bravo, HarbourVest Partners LLCAcresso Software, Inc.5
-Vista Equity PartnersAccero, Inc.4
-Gryphon Investors, Inc.Accelerated Rehabilitation Centers,
Ltd.
3
-Ripplewood Holdings LLCAC HoldCo, LLC2
-BrightPath Capital, Inc.,Marquette Venture Partners4th Floor Investment Group LLC1
Sum Inv.
(USD Mil) Firm Name Company Name
Buyout Capital Investments by Illinois Firms in Illinois Companies 2008
-Richard L. Scott Investments, LLC, Northstar Capital, LLC (FKA: Seidler
Capital, Ltd.),Undisclosed Firm
Drives, Incorporated28
$0.4-Econometrics, Inc. (OTCBB:EOMI)29
-Beecken, Petty & Company LLCEDP Investment Holdings LLC30
$1.9TPG Growth (FKA:TPG Ventures) ,TPG (FKA:Texas Pacific Group)Elevance Renewable Sciences, Inc.
(FKA: Renewable Chemicals)
31
-Tinicum Capital PartnersEnesco LLC32
-Leeds Equity PartnersEx Libris Ltd.33
-Vulpes, LLCFox & Obel Food Market34
-Arbor Private Investment Company, LLC Gold Standard Baking, Inc.35
-Northstar Capital, LLC (FKA: Seidler Capital, Ltd.),Undisclosed FirmDrives, Inc.27
-North America Sports Media, Inc.Doddson Travel Agency, Inc.26
-Code Hennessy & Simmons, L.L.C.Dental Health Resources, Inc.25
$8.0Blackstone Group, L.P.Coskata, Inc.24
-Madison Capital Funding LLC (AKA: Madison Capital),Audax GroupCortz, Inc. (DBA: In The Swim)23
$16.0Linden LLCCorpak MedSystems, Inc. (FKA: Viasys
MedSystems, Inc.)
22
-Marquette Capital Partners; BrightPath Capital; 4th Floor Investment Group,
LLC
Consolidated Distribution Corp.21
-Prairie CapitalCole Taylor Bank20
-American Capital, Ltd. (NasdaqGS:ACAS)CIBT, Inc.19
$74.5H.I.G. Capital, LLC (AKA: H.I.G. Ventures)Chicago Oleochemicals18
-The Johnsson Group Inc.CenterStone Solutions LLC17
-Undisclosed FirmByers Food, Inc.16
-Focus Equity Partners, LLCBusiness Only Broadband LLC15
-Citadel Plastics Holdings, Inc.Bulk Molding Compounds, Inc.14
-Patriarch Partners, LLCBest Manufacturing Group LLC13
-Undisclosed Firm,Chicago Growth Partners (William Blair Capital Partners)Benetech, Inc.12
-Golub Capital; Graham Partners; Inverness Graham InvestmentsB&B Electronics Manufacturing
Company, Inc.
11
$1.0GTCR Golder Rauner LLCAspire Holdings LLC10
$30.3Baird Capital Partners,Adams Street Partners LLC (FKA: Brinson Private
Equity),Undisclosed Firm,Baird Venture Partners,Och-Ziff Capital
Management Group (AKA: OZ Advisors, LLC)
Arroweye Solutions, Inc.9
-Noble Investment Group Ltd.Amerisuites Schaumburg Hotel8
$28.0Wall Street Systems Delaware, Inc.Aleri Global Banking7
$1.5Adams Street Partners LLC (FKA: Brinson Private Equity)Adams Harris, Inc.6
$200.0Thoma Cressey Bravo, HarbourVest Partners LLCAcresso Software, Inc.5
-Vista Equity PartnersAccero, Inc.4
-Gryphon Investors, Inc.Accelerated Rehabilitation Centers,
Ltd.
3
-Ripplewood Holdings LLCAC HoldCo, LLC2
-BrightPath Capital, Inc.,Marquette Venture Partners4th Floor Investment Group LLC1
Sum Inv.
(USD Mil) Firm Name Company Name
Buyout Capital Investments by Illinois Firms in Illinois Companies 2008
19
Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2008
Section III: Buyout Related Capital Investment Statistics
Table 9 (part 2 of 3)
$8.0-M-Wave, Inc., Substantially All of the
Assets
63
-Pfingsten Partners, L.P.North America Sports Media LLC64
$0.3Fort Washington Capital Partners GroupNovarra, Inc. (FKA: InfoSpeed)65
-RFE Investment PartnersNudo Products, Inc.66
-Gryphon Investors, Inc.OccuSport Physical Therapy67
-Questor Management Company LLCOrval Kent Food Company, Inc.68
-Spell Capital Partners, L.L.C.Pacific Press Technologies, LP69
$1.6-Panacea Partners, LLC70
-Accretive Exit Capital Partners LLCMr. Bult's, Inc. (AKA: MBI)62
-Century Park Capital Partners, Inc.Moss, Inc.61
$195.9-Midway Games Inc. (NYSE:MWY)60
-Wafra Partners LLCMicrodynamics Group59
-Och-Ziff Capital Management Group (AKA: OZ Advisors, LLC)Metal Management, Inc.58
$62.0Mitsui & Co. (U.S.A.), Inc.MED3000, Inc.57
-MG, LLCMarketerNet, LLC56
-Monitor Clipper PartnersMarket Track, LLC55
-Contech, LLCLunt Manufacturing Co., Inc.54
-Talon Merchant CapitalLava Lite LLC53
-Herkules Capital ASKraft Foods Inc., Snacks Operations in
Nordic and Baltic Region
52
-TA Associates, Inc.Keeley Asset Management Corporation
(AKA: KAMCO)
51
-Management,Undisclosed Firm,Undisclosed Firm,Argosy Partners (FKA:
Odyssey Capital Group),Ironwood Capital (AKA: Ironwood Capital Advisors
LLC), MTN Capital Partners LLC
JOLIET Equipment Corporation50
-1848 Capital Partners, LLCJet Support Services, Inc.49
$24.5Undisclosed Firm,Brantley PartnersJet Lithocolor, Inc.48
-The Carlyle GroupITS Technologies & Logistics, LLC47
-Kelso & CompanyInsurance Auto Auctions, Inc.46
$1.5Thoma Cressey BravoInfuScience, Inc.45
$1.2Fox Paine & Company, LLCiCyt Mission Technology, Inc.44
-Blue Wolf Capital Management LLCHospital Laundry Services & Northern
Illinois Hospital Service Inc.
43
$3.7C3 Capital LLC,ManagementHi-Tech Manufacturing LLC42
-Vista Equity PartnersHewitt Associates, Inc.- Cyborg unit 41
$169.1Code, Hennessy & Simmons LLCHeartland Dental Care, Inc.40
-ILEX Capital GroupHearthside Baking Company, Inc.39
-Blue Wolf Capital Management LLCHealthcare Laundry Systems38
-Pfingsten Partners, L.P.Happ Controls LLC (DBA: Suzo Happ
Group)
37
-Goldman Sachs Group, Merchant Banking Division; Cordova, Smart &
Williams, LLC
H2O Plus, L.P.36
Sum Inv.
(USD Mil) Firm Name Company Name
Buyout Capital Investments by Illinois Firms in Illinois Companies 2008
$8.0-M-Wave, Inc., Substantially All of the
Assets
63
-Pfingsten Partners, L.P.North America Sports Media LLC64
$0.3Fort Washington Capital Partners GroupNovarra, Inc. (FKA: InfoSpeed)65
-RFE Investment PartnersNudo Products, Inc.66
-Gryphon Investors, Inc.OccuSport Physical Therapy67
-Questor Management Company LLCOrval Kent Food Company, Inc.68
-Spell Capital Partners, L.L.C.Pacific Press Technologies, LP69
$1.6-Panacea Partners, LLC70
-Accretive Exit Capital Partners LLCMr. Bult's, Inc. (AKA: MBI)62
-Century Park Capital Partners, Inc.Moss, Inc.61
$195.9-Midway Games Inc. (NYSE:MWY)60
-Wafra Partners LLCMicrodynamics Group59
-Och-Ziff Capital Management Group (AKA: OZ Advisors, LLC)Metal Management, Inc.58
$62.0Mitsui & Co. (U.S.A.), Inc.MED3000, Inc.57
-MG, LLCMarketerNet, LLC56
-Monitor Clipper PartnersMarket Track, LLC55
-Contech, LLCLunt Manufacturing Co., Inc.54
-Talon Merchant CapitalLava Lite LLC53
-Herkules Capital ASKraft Foods Inc., Snacks Operations in
Nordic and Baltic Region
52
-TA Associates, Inc.Keeley Asset Management Corporation
(AKA: KAMCO)
51
-Management,Undisclosed Firm,Undisclosed Firm,Argosy Partners (FKA:
Odyssey Capital Group),Ironwood Capital (AKA: Ironwood Capital Advisors
LLC), MTN Capital Partners LLC
JOLIET Equipment Corporation50
-1848 Capital Partners, LLCJet Support Services, Inc.49
$24.5Undisclosed Firm,Brantley PartnersJet Lithocolor, Inc.48
-The Carlyle GroupITS Technologies & Logistics, LLC47
-Kelso & CompanyInsurance Auto Auctions, Inc.46
$1.5Thoma Cressey BravoInfuScience, Inc.45
$1.2Fox Paine & Company, LLCiCyt Mission Technology, Inc.44
-Blue Wolf Capital Management LLCHospital Laundry Services & Northern
Illinois Hospital Service Inc.
43
$3.7C3 Capital LLC,ManagementHi-Tech Manufacturing LLC42
-Vista Equity PartnersHewitt Associates, Inc.- Cyborg unit 41
$169.1Code, Hennessy & Simmons LLCHeartland Dental Care, Inc.40
-ILEX Capital GroupHearthside Baking Company, Inc.39
-Blue Wolf Capital Management LLCHealthcare Laundry Systems38
-Pfingsten Partners, L.P.Happ Controls LLC (DBA: Suzo Happ
Group)
37
-Goldman Sachs Group, Merchant Banking Division; Cordova, Smart &
Williams, LLC
H2O Plus, L.P.36
Sum Inv.
(USD Mil) Firm Name Company Name
Buyout Capital Investments by Illinois Firms in Illinois Companies 2008
20
Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2008
Section III: Buyout Related Capital Investment Statistics
Table 9 (part 3 of 3)
Note: Unlike the rest of the data in the Monitor, this table and table 5 are derived from two sources, Thomson Reuters Financial and Capital IQ. The IVCA Monitor accepts the categories (venture or buyout) provided by Thomson & Capital IQ. Table totals may differ from other tables in this report because private equity reporting is continuous and therefore changes from day to day for all data sources. Also, some companies may appear in both Venture Capital and Buyout lists because both the type of financing round and the investing firm are considered when compiling the list. For example, if a buyout fund made an investment in a venture capital round of financing it would be considered under both Venture Capital and Buyout lists. .
-KRG Capital Partners, LLCTri-County Petroleum, Inc.98
$91.4H.I.G. Capital, LLCUniqema Americas, Inc.99
$6.5-Unison Maximus, Inc.100
-Milestone Partners,Allied Capital CorporationUnited Road Towing, Inc.101
$37.8Thompson Street Capital Partners Universal Air Filter Company102
$50.0CIVC Partners LP (FKA: Continental Illinois Venture Corp.)Wintrust Financial Corporation103
--Zolfo Cooper104
$2.3Bridge Street Capital Partners, LLCZorch International, Inc.105
-Lakeview Equity Partners, LLCTravel Technology Group, LLC97
-The Kenan Advantage Group Inc.Transport Service Co.96
$37.0Huron Capital Partners, LLC; Midwest Mezzanine Funds; Smith Whiley &
Company
TouchPoint Print Solutions Corp.95
-Harbour GroupTime-O-Matic, Inc.94
$2.4-The New Regal Theater93
-Agriventures USA, Inc.The Herbal Garden, Inc.92
$20.0Prairie CapitalTaylor Capital Group, Inc.91
-Glencoe Capital, LLC (FKA: Glencoe Investment Corporation)System Development Integration, Inc.90
-Pfingsten Partners, L.P.Suzo-Happ Group89
-Lehman Brothers, Inc.SRAM Corporation88
$22.0H.I.G. Capital, LLC (AKA: H.I.G. Ventures),American Capital, Ltd. (FKA:
American Capital Strategies)
Spring Air Co.87
-AVI-SPL, Inc.Signal Perfection Ltd.86
$108.4Behrman CapitalSelig Sealing Products, Inc.85
$75.0Water Street Healthcare Partners (FKA: Water Street Capital)Sarnova84
$4.5BlackEagle Partners (FKA: Centurion Capital Partners)Rockford Products Corporation (FKA:
Rockford Screw Products)
83
$0.8Undisclosed FirmRiverGlass, Inc.82
$0.4Austin Ventures, L.P.Revenue Cycle Solutions, Inc.81
-Spectrum Equity InvestorsR.J. O'Brien & Associates LLC80
-Intrepid Investments, LLCQ Interactive Inc.79
$17.0GTCR Golder Rauner LLCPrivateBancorp, Inc.78
--PRI Group, LLC77
-Wayzata Investment Partners Portola Packaging, Inc.76
--Pies by Inge75
$11.5Perseus, L.L.C.Physicians Interactive74
-H.I.G. Capital, LLC (AKA: H.I.G. Ventures)Petroferm, Inc.73
$7.1Adams Street Partners LLC (FKA: Brinson Private Equity)Paylocity72
$75.0Norwest Equity PartnersPangaea Asset Management LLC71
Sum Inv.
(USD Mil) Firm Name Company Name
Buyout Capital Investments by Illinois Firms in Illinois Companies 2008
-KRG Capital Partners, LLCTri-County Petroleum, Inc.98
$91.4H.I.G. Capital, LLCUniqema Americas, Inc.99
$6.5-Unison Maximus, Inc.100
-Milestone Partners,Allied Capital CorporationUnited Road Towing, Inc.101
$37.8Thompson Street Capital Partners Universal Air Filter Company102
$50.0CIVC Partners LP (FKA: Continental Illinois Venture Corp.)Wintrust Financial Corporation103
--Zolfo Cooper104
$2.3Bridge Street Capital Partners, LLCZorch International, Inc.105
-Lakeview Equity Partners, LLCTravel Technology Group, LLC97
-The Kenan Advantage Group Inc.Transport Service Co.96
$37.0Huron Capital Partners, LLC; Midwest Mezzanine Funds; Smith Whiley &
Company
TouchPoint Print Solutions Corp.95
-Harbour GroupTime-O-Matic, Inc.94
$2.4-The New Regal Theater93
-Agriventures USA, Inc.The Herbal Garden, Inc.92
$20.0Prairie CapitalTaylor Capital Group, Inc.91
-Glencoe Capital, LLC (FKA: Glencoe Investment Corporation)System Development Integration, Inc.90
-Pfingsten Partners, L.P.Suzo-Happ Group89
-Lehman Brothers, Inc.SRAM Corporation88
$22.0H.I.G. Capital, LLC (AKA: H.I.G. Ventures),American Capital, Ltd. (FKA:
American Capital Strategies)
Spring Air Co.87
-AVI-SPL, Inc.Signal Perfection Ltd.86
$108.4Behrman CapitalSelig Sealing Products, Inc.85
$75.0Water Street Healthcare Partners (FKA: Water Street Capital)Sarnova84
$4.5BlackEagle Partners (FKA: Centurion Capital Partners)Rockford Products Corporation (FKA:
Rockford Screw Products)
83
$0.8Undisclosed FirmRiverGlass, Inc.82
$0.4Austin Ventures, L.P.Revenue Cycle Solutions, Inc.81
-Spectrum Equity InvestorsR.J. O'Brien & Associates LLC80
-Intrepid Investments, LLCQ Interactive Inc.79
$17.0GTCR Golder Rauner LLCPrivateBancorp, Inc.78
--PRI Group, LLC77
-Wayzata Investment Partners Portola Packaging, Inc.76
--Pies by Inge75
$11.5Perseus, L.L.C.Physicians Interactive74
-H.I.G. Capital, LLC (AKA: H.I.G. Ventures)Petroferm, Inc.73
$7.1Adams Street Partners LLC (FKA: Brinson Private Equity)Paylocity72
$75.0Norwest Equity PartnersPangaea Asset Management LLC71
Sum Inv.
(USD Mil) Firm Name Company Name
Buyout Capital Investments by Illinois Firms in Illinois Companies 2008
21
Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2008
Section IV: Venture and Buyout Related Capital Investment Statistics
Table 10
34%46%$1,226.2$411.013864 2008
27%37%$1,225.9$331.116460 2007
20%38%$1,309.1$258.713250 2006
17%39%$1,120.5$192.410340 2005
3%38%$1,367.7$38.08231 2004
Yearly
13%46%$93.8$12.428 13 4Q '08
43%51%$619.6$266.439 20 3Q '08
34%46%$356.3$122.937 17 2Q '08
6%41%$156.5$9.434 14 1Q '08
36%39%$426.0$152.246 18 4Q '07
Last Five Quarters
% of All Capital
Invested in
IL Companies
by IL Firms
% of All
IL Companies
Receiving
Capital Funded
by IL Firms
Capital Investment
in IL Companies
by U.S. Funds
Capital Investment
in IL Companies
by IL Funds
IL Companies
Funded by
U.S. Funds
IL Companies
Funded by
IL Funds
Venture and Buyout Investments in Illinois Companies Funded by U.S. and Illinois Funds
34%46%$1,226.2$411.013864 2008
27%37%$1,225.9$331.116460 2007
20%38%$1,309.1$258.713250 2006
17%39%$1,120.5$192.410340 2005
3%38%$1,367.7$38.08231 2004
Yearly
13%46%$93.8$12.428 13 4Q '08
43%51%$619.6$266.439 20 3Q '08
34%46%$356.3$122.937 17 2Q '08
6%41%$156.5$9.434 14 1Q '08
36%39%$426.0$152.246 18 4Q '07
Last Five Quarters
% of All Capital
Invested in
IL Companies
by IL Firms
% of All
IL Companies
Receiving
Capital Funded
by IL Firms
Capital Investment
in IL Companies
by U.S. Funds
Capital Investment
in IL Companies
by IL Funds
IL Companies
Funded by
U.S. Funds
IL Companies
Funded by
IL Funds
Venture and Buyout Investments in Illinois Companies Funded by U.S. and Illinois Funds
22
Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2008
Section IV: Venture and Buyout Related Capital Investment Statistics
Chart 2
Source of Venture and Buyout Investments for Illinois Companies
Q4 '08 (USD Mil)
$0 $5 $10 $15 $20 $25 $30
Massachusetts
Undisclosed
California
Illinois
New York
Texas
Non-US
Virginia
Michigan
Rhode Island
Other
23
Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2008
Section IV: Venture and Buyout Related Capital Investment Statistics
Chart 3
States Receiving Funds from Illinois Venture and Buyout Firms
Q4 '08 (USD Mil)
$0 $50 $100 $150 $200 $250 $300
Wisconsin
Non-US
California
Ohio
Georgia
New York
Illinois
Massachusetts
Pennsylvania
Kentucky
Other
24
Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2008
Section IV: Venture and Buyout Related Capital Investment Statistics
Chart 4
Money Raised by Venture and Buyout Funds
Top States Q4 '08 ($26.6 billion)
California
New York
Connecticut
Massachusetts
Illinois
Minnesota
Nebraska
D. of Columbia
Georgia
Texas
Michigan
Maryland
Pennsylvania
Colorado
Ohio
Minnesota
Michigan
Illinois
California $9,718.6
New York $5,979.0
Connecticut $3,405.5
Massachusetts $2,010.2
Illinois $1,311.6
Minnesota $1,100.8
Nebraska $1,005.5
D. of Columbia $617.3
Georgia $300.0
Texas $267.0
Michigan $248.3
Maryland $225.0
Pennsylvania $219.3
Colorado $158.1
Ohio $82.6
25
Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2008
Section IV: Venture and Buyout Related Capital Investment Statistics
Chart 5
Venture and Buyout Assets Under Management
Top States Q4 '08 ($121.7 billion)
New York
Massachusetts
California
Connecticut
Texas
Minnesota
Pennsylvania
Illinois
Florida
D. of Columbia
Michigan
Washington
Rhode Island
North Carolina
New Jersey
Minnesota
Illinois
Michigan
New York $30,699.4
Massachusetts $29,695.2
California $22,378.6
Connecticut $10,571.4
Texas $6,363.6
Minnesota $4,550.4
Pennsylvania $4,361.9
Illinois $3,399.1
Florida $3,325.0
D. of Columbia $2,456.3
Michigan $1,317.2
Washington $897.0
Rhode Island $675.0
North Carolina $573.2
New Jersey $429.2
26
Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2008
Section IV: Venture and Buyout Related Capital Investment Statistics
Table 11
Note: * The post offer value represents the value of all shares outstanding (primary share, management shares, etc.) at the offer date.
Table 12
Note: The post offer value represents the value of all shares outstanding (primary share, management shares, etc.) at the offer date.
$624.6$168.0813Tennessee
$2,349.4$500.0813New Hampshire
$120.2$22.0813Illinois
$1,443.1$187.5813Texas
$524.8$126.0813Arizona
$1,212.8$434.01722New York
$273.2$56.81722Florida
$930.3$226.02531California
Post Offer Value*
(USD Mil)Offer Amt (USD Mil)Pct of IPOsNum of IPOsRankFund Location
State Rank - Number of IPOs - 2008
$624.6$168.0813Tennessee
$2,349.4$500.0813New Hampshire
$120.2$22.0813Illinois
$1,443.1$187.5813Texas
$524.8$126.0813Arizona
$1,212.8$434.01722New York
$273.2$56.81722Florida
$930.3$226.02531California
Post Offer Value*
(USD Mil)Offer Amt (USD Mil)Pct of IPOsNum of IPOsRankFund Location
State Rank - Number of IPOs - 2008
$120.2$22.0Total
9.20 $120.2$22.0Heritage-Crystal Clean LLC
Age at IPO (yrs)
Post Offer Value *
(USD Mil) Offer Amt (USD Mil) Company Name
Illinois IPOs - 2008
$120.2$22.0Total
9.20 $120.2$22.0Heritage-Crystal Clean LLC
Age at IPO (yrs)
Post Offer Value *
(USD Mil) Offer Amt (USD Mil) Company Name
Illinois IPOs - 2008
27
Illinois Venture Capital Association Quarterly Private Equity Monitor Q4 2008
Section IV: Venture and Buyout Related Capital Investment Statistics
Table 13
Quarterly
$796.571$385.243$59.1242008
$658.294$401.637$173.4352007
$813.471$306.338$102.1192006
$704.242$221.537$65.5192005
$1,180.534$160.230$58.1212004
Yearly
$12.413$71.310$13.854Q '08
$480.516$136.815$9.083Q '08
$216.819$133.813$5.742Q '08
$86.823$43.25$30.771Q '08
$265.427$106.69$59.294Q '07
$207.616$73.79$22.96Qtr Avg
$4,152.8312$1,474.8185$458.2118Total '04-'08
Total Capital
(USD Mil)
Number of
Companies
Total Capital
(USD Mil)
Number of
Companies
Total Capital
(USD Mil)
Number of
Companies
BuyoutLater Stage VCEarly Stage VC
Stages of Venture Capital Investment - Illinois
Quarterly
$796.571$385.243$59.1242008
$658.294$401.637$173.4352007
$813.471$306.338$102.1192006
$704.242$221.537$65.5192005
$1,180.534$160.230$58.1212004
Yearly
$12.413$71.310$13.854Q '08
$480.516$136.815$9.083Q '08
$216.819$133.813$5.742Q '08
$86.823$43.25$30.771Q '08
$265.427$106.69$59.294Q '07
$207.616$73.79$22.96Qtr Avg
$4,152.8312$1,474.8185$458.2118Total '04-'08
Total Capital
(USD Mil)
Number of
Companies
Total Capital
(USD Mil)
Number of
Companies
Total Capital
(USD Mil)
Number of
Companies
BuyoutLater Stage VCEarly Stage VC
Stages of Venture Capital Investment - Illinois