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Private Equity
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Investments

53

Portfolio Exits

18

Funds

5

Service Providers

1

About Chicago Growth Partners

Chicago Growth Partners (CGP), founded in 2004, is a private equity financing firm. The firm invests in growth, mature companies with a preference for companies located in the midwest US, northeast US, southeast US, west. CGP primarily engage in the following transaction types: acquisition / expansion financing, buyout (lbo, mbo, mbi) and invests between $5 and $40 million in companies.In April 2014, Chicago Growth Partners wound down after unsuccessfully being able to raise its 3rd fund because according to some partners, LPs found it too generalist. After Chicago Growth Partners' wind down, its former founders founded new firms including ParkerGale ($200M growth equity fund focused on tech enabled services) and L Squared Capital Partners focusing on emerging companies in the tech-enabled services, education and industrial tech industries.The former partners of Chicago Growth Partners will now be visible on the profiles of their new firms where appropriate and Chicago Growth Partners status has now been marked dead-inactive because they will no longer be making new investments (but may manage existing portfolio commitments).

Chicago Growth Partners Headquarter Location

303 West Madison Street 25th Floor

Chicago, Illinois, 60606,

United States

312-698-6300

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Latest Chicago Growth Partners News

L Squared soars past $1bn under management with close of biggest fund yet

Sep 24, 2020

11 L Squared Capital, a California growth investor launched by a pair of Chicago Growth Partners execs, has soared passed $1bn under management with the final close of its biggest fund yet. L Squared said the raise was largely driven by its existing LP backers, although it did welcome several new family office investors and a group of fresh institutional investor commitments. Managing partner Jeff Farrero said, “We are incredibly appreciative of the tremendous support provided to us by our existing investors during this time of uncertainty. “This allowed us to complete the fundraising quickly so that we can keep our focus on quality investing.” L Squared was launched by Chicago Growth Partners co-founder Rob Healy and principal Farrero, the latter of whom had spent 12 years at the firm. The firm says it takes a longer-term view to value creation than many venture capital firms. It tends to target companies in the tech-enabled services, industrial technology and education sectors with EBITDA of between $3m and $25m. Copyright © 2020 AltAssets TAGS

Chicago Growth Partners Investments

53 Investments

Chicago Growth Partners has made 53 investments. Their latest investment was in Elira as part of their Series B on January 1, 2021.

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Chicago Growth Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/12/2021

Series B

Elira

$1.57M

Yes

1

10/7/2019

Series A

Molecular Stethoscope

$4.49M

Yes

1

6/19/2018

Series I

EndoGastric Solutions

$40.65M

No

6

5/26/2015

Series H

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$99M

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10

5/7/2014

Series G - II

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$99M

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10

Date

1/12/2021

10/7/2019

6/19/2018

5/26/2015

5/7/2014

Round

Series B

Series A

Series I

Series H

Series G - II

Company

Elira

Molecular Stethoscope

EndoGastric Solutions

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Amount

$1.57M

$4.49M

$40.65M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

1

1

6

10

10

Chicago Growth Partners Portfolio Exits

18 Portfolio Exits

Chicago Growth Partners has 18 portfolio exits. Their latest portfolio exit was 2CheckOut (acquired by Avangate) on April 03, 2017.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/3/2017

Acquired

$99M

2

7/20/2016

Acq - Fin - III

$99M

1

7/21/2015

Merger

$99M

1

5/6/2015

Acquired

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$99M

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10

12/10/2014

Acquired - II

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$99M

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10

Date

4/3/2017

7/20/2016

7/21/2015

5/6/2015

12/10/2014

Exit

Acquired

Acq - Fin - III

Merger

Acquired

Acquired - II

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

1

1

10

10

Chicago Growth Partners Acquisitions

15 Acquisitions

Chicago Growth Partners acquired 15 companies. Their latest acquisition was Marathon Data Systmes on September 06, 2012.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/6/2012

$99M

Acq - Fin - II

7/23/2012

Other

$99M

Acq - Fin - II

12/22/2010

$99M

Acq - Fin

1

11/9/2010

Private Equity

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$99M

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10

9/30/2010

Private Equity

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$99M

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10

Date

9/6/2012

7/23/2012

12/22/2010

11/9/2010

9/30/2010

Investment Stage

Other

Private Equity

Private Equity

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Acq - Fin - II

Acq - Fin - II

Acq - Fin

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Sources

1

10

10

Chicago Growth Partners Fund History

5 Fund Histories

Chicago Growth Partners has 5 funds, including Chicago Growth Partners II LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/15/2008

Chicago Growth Partners II LP

Buyouts & Acquisitions

Closed

$500M

1

9/8/2006

Chicago Growth Partners VIII

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$99M

10

12/31/2005

Chicago Growth Partners LP

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$99M

10

12/31/2001

William Blair Capital Partners VII LP

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$99M

10

Chicago Growth Partners III LP

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10

Closing Date

3/15/2008

9/8/2006

12/31/2005

12/31/2001

Fund

Chicago Growth Partners II LP

Chicago Growth Partners VIII

Chicago Growth Partners LP

William Blair Capital Partners VII LP

Chicago Growth Partners III LP

Fund Type

Buyouts & Acquisitions

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Status

Closed

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Amount

$500M

$99M

$99M

$99M

Sources

1

10

10

10

10

Chicago Growth Partners Service Providers

1 Service Provider

Chicago Growth Partners has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

Chicago Growth Partners Team

7 Team Members

Chicago Growth Partners has 7 team members, including current Senior Vice President, James McNitt.

Name

Work History

Title

Status

William F. Murdy

Founder

Current

James McNitt

Senior Vice President

Current

Anne Lanser

Controller

Current

Arda Minocherhomjee

Managing Partner

Current

Kimberly C Beerbower

Chief Financial Officer

Former

Name

William F. Murdy

James McNitt

Anne Lanser

Arda Minocherhomjee

Kimberly C Beerbower

Work History

Title

Founder

Senior Vice President

Controller

Managing Partner

Chief Financial Officer

Status

Current

Current

Current

Current

Former

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