Water Street Private Equity Case Challenge (PECC)

Water Street Private Equity Case Challenge (PECC)

Chris McGowan

Adjunct Professor of Entrepreneurship, Chicago Booth; Investor-in-Residence, Polsky Center; General Partner, CJM Ventures

Chris McGowan is the General Partner of CJM Ventures (“CJMV”), a Chicago growth equity and private equity investment firm.

McGowan’s private equity career began 28 years ago with AEA Investors in New York City, after earning an undergraduate degree in theoretical mathematics from Columbia University’s College of Arts and Sciences, and following two years of mergers and acquisitions training at Morgan Stanley.

After completing an MBA at Harvard Business School, he joined Madison Dearborn Partners (“MDP”) in Chicago, where he co-headed their basic industries practice for the last five years of his 12-year career there.  At MDP, he oversaw more than $2 billion of equity investments focused on buyouts and growth equity globally in the industrial, consumer, and energy & power sectors.  He continues to serve on the Board of prior MDP portfolio company Boise Cascade (Chairman of Audit Committee, NYSE: BCC) and formerly served on or advised the boards of Smurfit Kappa Group (LN: SKG), BWAY Holdings, FirstWind, US Power Generating, OPENLANE, The Illinois Venture Capital Association, and others.

In 2011, with the help of MDP leadership and mentors, McGowan formed CJMV, an investment firm focused on management buyouts of and growth equity investments in companies located near Chicago and London.  CJMV’s current portfolio includes OPTO International, an Illinois-based manufacturer of retail shelving and display systems; Cedar Capital, a Chicago-based asset management firm; and Ingenica Solutions, a UK-based health care information technology company.  CJMV’s former portfolio companies include Autism Home Support Services (“AHSS”), the largest provider in Illinois of home-based therapy for children on the autism spectrum. He is also a current Board member of 8th Light, BigStep Cloud, Consumer Ventures, Innovare, Jackson Capital Group, Just Hot Tubs, Kinzie Capital, Leadership Lyceum, MetalSoft and is a Board observer for Psycle London.   He was formerly a Board member of Campus Cubed, Kenna Security (acquired by Cisco), Rise Interactive (acquired by Quad), Simple Mills (recapitalized by Vestar), SonarMed (acquired by Medtronic) and Spikeball.

Since Spring 2012, McGowan has taught at the University of Chicago’s Booth School of Business (“Booth”), and currently serves there as an Adjunct Professor of Entrepreneurship, and as an Investor in Residence and Faculty Advisor to Booth’s Polsky Center for Entrepreneurship and Innovation. In the Fall of 2022, he begins his 12th year teaching Booth’s Sterling Partners Investment Thesis Challenge (“SPITC”) and his 10th year teaching Booth’s Private Equity and Venture Capital Lab.  He is also conducting the 8th year of the Water Street Private Equity Case Challenge (f.k.a. Oxford-Chicago Global Private Equity Challenge).

McGowan is an active angel investor and currently serves as Chairman of the Limited Partner Advisory Committee for Hyde Park Venture Partners Fund I (and a member of their Fund II, Fund III and Opportunity Fund’s Boards), and as Chairman of the Advisory Board for Valley Growth Ventures.  He is former member of Hyde Park Angels’ Board of Directors and Portfolio Advisory Board.  His angel investments include Aero Design Labs, Agent.ai, AIM Clinics, AuditSight, BallotReady, Blueprint, Book+Main, Branch Messenger, Brilliant, Catalytic, Chowbus, Clearcover, Clyde, Codeverse, Cohesion, Colony Display, DAOHQ, Dispatch, EVA Automation, ExplORer, Farmers Fridge, FarmLogs, Fillow, FourKites, Frank, GeoFeedia, Havoc Shield, Hologram, Human Predictions, Kaizen Health, Klover, LandscapeHub, Lightpoint Medical, Luxury Garage Sale, Made In Cookware, Market Wagon, Markit, MAX Analytical, MetalSoft Cloud, Nanograph, nOCD, Noirefy, NuCurrent, Occasion, Ocient, Pacha Soap, Packback, Pangea, ParkWhiz/Arrive, PartySlate, Polyphotonix, PopularPays, Provi, Resonado, Rheaply, ShipBob, Sifter, Stacked, StreamLink, Techstars, Tenacity Cloud, ThinkCerca, TonDone, TractorZoom, TransparentC, Truss, TurboAppeal, Vertex and YCharts.

McGowan married his high school sweetheart, Sandy, and they have three children: one attending Walter Payton College Prep, and two recent graduates of the University of Chicago’s Laboratory Schools (“Lab”).  At Lab, McGowan served for nine years on its Board of Directors including four years leading Lab’s Development Committee (two as Chair, two as Co-Chair), including oversight for Lab+, the School’s $80 million capital campaign.  He is also a former Trustee for the Court Theatre at the University of Chicago.  McGowan is serving his fifth year as President of Friends of Walter Payton College Prep (and former Chair, Annual Fund), and serves on the SHSAA Board of Trustees for Stuyvesant High School, where he attended with Sandy in New York City.

Tim Kelly

Investor-in-Residence and Advisor, Svider Private Equity Program at the Polsky Center for Entrepreneurship and Innovation

Tim has been involved in private equity for nearly three decades in senior leadership and investment management roles with Allstate Insurance Company, Heller Financial, GE Capital, and Adams Street Partners. Tim began his career with Goldman Sachs & Co. in Chicago where he traded over-the-counter (OTC) securities and managed the office’s OTC market expansion efforts.  He went on to manage billions of dollars in private equity related investment programs and to complete hundreds of successful international partnership and direct equity and fixed income investments. He is proud of an extensive global network of general and limited partner relationships he developed throughout his career as a result of his personable interaction style, objectivity and candor, and desire to help others succeed. His vast industry knowledge and experiences transcend finance, investments, law, international business, and complex capital formation structures.

Recently, at the age of 54, Tim achieved a life-long goal when he received his Ph.D. in Psychology with a specialization in Organizational Psychology from Northcentral University with a dissertation topic focused on how private companies become entrepreneurially oriented.  He has an insatiable appetite for continuously learning as evidenced by, in addition to his Psychology doctorate, an undergraduate degree in Economics from Dominican University, magna cum laude (1982); a law degree from The John Marshall Law School, summa cum laude (1987); and, an MBA (Economics and International Business) from the University of Chicago/Booth. Tim has been an adjunct professor of undergraduate and graduate courses in Finance, Economics, and Ethics; and, is a writer and speaker on finance, leadership development, decision theory, organizational culture, and legal topics.

Tim retired from active private equity investment activities in 2013.  He now consults in the areas of leadership development and private equity firm operational and organizational optimization, in addition to managing his family office and philanthropic endeavors.

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