Jennifer W. Steans

Partner at Concentric Equity Partners

Jennifer W. Steans

Jennifer W. Steans

Partner at Concentric Equity Partners

Overview
Career Highlights

Financial Investments Corp.

RelSci Relationships

2415

Number of Boards

40

Birthday

1964

Age

55

Number of Awards

1

Contact Data
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Relationships
RelSci Relationships are individuals Jennifer W. Steans likely has professional access to. A relationship does not necessarily indicate a personal connection.

Founding Partner at Prairie Capital LP

Relationship likelihood: Strong

Partner at Concentric Equity Partners

Relationship likelihood: Strong

Co-Founder at Steans Family Foundation

Relationship likelihood: Strong

Chief Executive Officer at Illinois Tool Works, Inc.

Relationship likelihood: Strong

Former Chief Executive Officer at Illinois Tool Works, Inc.

Relationship likelihood: Strong

Vice Chairman at Marshall Street Capital

Relationship likelihood: Strong

Partner at Concentric Equity Partners

Relationship likelihood: Strong

Chief Financial Officer at Financial Investments Corp.

Relationship likelihood: Strong

Chairman at Chicago Deferred Exchange Co. LLC

Relationship likelihood: Strong

Founder at Concentric Equity Partners

Relationship likelihood: Strong

Paths to Jennifer W. Steans
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You
Jennifer W. Steans
Partner at Concentric Equity Partners
Family Members
Sibling
President & Chief Executive Officer at Steans Family Foundation

Sibling
Senator from the 7th District at Illinois State Senate

Parent, Deceased
Former Operating Partner at Concentric Equity Partners

Concentric Equity Partners focuses on investments in a variety of profitable, growth-oriented middle-market companies. They invest in the business services, consumer services, financial services and healthcare services sectors. The firm does not invest in turnarounds, start-ups or businesses with substantial technology risk. Concentric participates in MBOs, LBOs, growth equity investments and later-stage venture capital investments.The firm looks for companies with an exceptional management team, a high base of recurring revenues, low capital expenditure requirements for growth and minimal exposure to the risk of technological or strategic business obsolesce. Companies should also offer opportunities to generate operating leverage through scale and diversity and superior value propositions for their customers. Concentric targets companies in which service is a differentiator even if the service requires some level of manufacturing, fabrication, assembly or installation. They also target companies with a history of profitability and highly ethical business practices.Investments typically range from $10 million to $30 million, however, the firm has made investments that have ranged from $5 million to $100 million. The firm makes both majority and minority investments.

Education
MBA Unknown
Class of 1989

The Kellogg School of Management (The Kellogg School or Kellogg) is the business school of Northwestern University in Evanston, Illinois, with additional campuses in downtown Chicago, Illinois and Miami, Florida. Kellogg offers full-time, part-time, and executive programs, and partners with schools in China, France/Singapore, India, Hong Kong, Israel, Germany, Canada, and Thailand.Founded in 1908 in downtown Chicago as a part-time evening program, the school was chartered to educate business leaders with "good moral character.

BA

Davidson is a highly selective independent liberal arts college for 1,920 students located 20 minutes north of Charlotte in Davidson, N.C. Since its establishment in 1837 by Presbyterians, the college has graduated 23 Rhodes Scholars and is consistently regarded as one of the top liberal arts colleges in the country. Through The Davidson Trust, the college became the first liberal arts institution in the nation to replace loans with grants in all financial aid packages, giving all students the opportunity to graduate debt-free. Davidson competes in NCAA athletics at the Division I level, and a longstanding Honor Code is central to student life at the college.

Memberships
Member
Current

The Commercial Club of Chicago resulted from the 1907 merger of two predecessor Chicago clubs: the Merchants Club (organized in 1896) and the Commercial Club (organized in 1877). Its most active members included George Pullman, Marshall Field, Cyrus McCormick, George Armour, Frederic Delano, Sewell Avery, Rufus C. Dawes, and Julius Rosenwald. The club has promoted Chicago's economic development for generations and championed member Daniel Burnham's Plan of Chicago (1909), also known as Burnham's plan. The plan gave the blueprint for the future growth and development of the entire Chicago region.

Career History
Founder
1994 - Current

Financial Investments Corp. (FIC) is a relationship-oriented, opportunistic investor looking to back strong management teams who can achieve a 25 percent IRR return objective. They seek to remain an actively passive investor where the firm is backing a management with direct operational authority. FIC sources the transaction, completes due diligence and monitors investments on an on-going basis by serving on the board, advisory board or through regular management meetings.Transactions include direct real estate investments such as for-sale housing (single-family and condo conversions) in the Chicago area, multi-family housing, office buildings and hotels. Direct private equity investments are made in financial services, healthcare and low-tech companies. They also take significant positions in small, middle-market private equity funds focused on industry niches in several types of funds including LBOs, mezzanine, Internet/technology, financial services hedge and real estate.

Partner
Current

Concentric Equity Partners focuses on investments in a variety of profitable, growth-oriented middle-market companies. They invest in the business services, consumer services, financial services and healthcare services sectors. The firm does not invest in turnarounds, start-ups or businesses with substantial technology risk. Concentric participates in MBOs, LBOs, growth equity investments and later-stage venture capital investments.The firm looks for companies with an exceptional management team, a high base of recurring revenues, low capital expenditure requirements for growth and minimal exposure to the risk of technological or strategic business obsolesce. Companies should also offer opportunities to generate operating leverage through scale and diversity and superior value propositions for their customers. Concentric targets companies in which service is a differentiator even if the service requires some level of manufacturing, fabrication, assembly or installation. They also target companies with a history of profitability and highly ethical business practices.Investments typically range from $10 million to $30 million, however, the firm has made investments that have ranged from $5 million to $100 million. The firm makes both majority and minority investments.

Limited Partner
Current

Caldera Capital Partners focuses on investments in and acquisitions of business services and consumer services companies with particular interest in the following areas: (1) finance, accounting and HR outsourcing (2) environmental services (3) software-as-a service (SaaS) (4) transaction and document processing (5) logistics and facilities management (6) niche marketing services and (7) information and database services.The firm looks for companies with historical revenue growth greater than 10%, EBITDA greater than $2 million and EBITDA margins greater than 15%. They also look for companies with recurring revenue business models, diverse customer bases with high retention rates, identifiable growth opportunities, clear value propositions for customers and significant competitive advantages. Companies should have a minimum three year history of profitability and growth. Caldera Capital Partners does not invest in start-up companies, turnaround situations or companies with project-based revenues.

Boards & Committees
Member, Advisory Board
Current

Prairie Capital makes control equity investments in the range between USD5 million to USD35 million. The firm focuses on companies operating in the fields of business services, healthcare, education, consumer, and industrial. The firm typically invests in growth-oriented lower middle-market companies. The firm participates in MBOs, LBOs, recapitalizations and external growth situations. The firm opportunistically pursue accretive add-on acquisitions with nearly all our portfolio companiesPrairie Capital looks for US-based companies with annual revenues between USD20 million to USD100 million, EBITDA between USD4 million to USD12 million. They do not invest in early-stage companies, turnarounds or companies with project-based revenues.

Director
Current

MCS Holding LLC operates as an investment holding company. It provides its services through its subsidiaries. The company was founded in 1993 and is headquartered in Ulaanbaatar, Mongolia.

Trustee
Current

Northwestern University is a private institution founded in 1851 to serve the Northwest Territory, an area that now includes the states of Ohio, Indiana, Illinois, Michigan, Wisconsin and parts of Minnesota. In 1853 the founders purchased a 379-acre tract of land on the shore of Lake Michigan 12 miles north of Chicago. They established a campus and developed the land near it, naming the surrounding town Evanston in honor of one of the University's founders, John Evans. After completing its first building, its first building in 1855, Northwestern began classes that fall with two faculty members and 10 students. Northwestern has three campuses and a total of 12 Schools and Colleges (one of which is located in South Florida. Two campuses are located on Lake Michigan, a 240-acre campus in Evanston, the first suburb north of Chicago, and a 25-acre campus in Chicago. One campus is located in Doha, Qatar. Northwestern University combines innovative teaching and pioneering research in a highly collaborative environment that transcends traditional academic boundaries. It provides students and faculty exceptional opportunities for intellectual, personal and professional growth in a setting enhanced by the richness of Chicago.

Director
Current

OUR MISSION IS TO ELIMINATE RACISM AND EMPOWER WOMEN.

Director
Current

CHICAGO FOUNDATION FOR WOMEN (CFW) INVESTS IN WOMEN AND GIRLS AS CATALYSTS, BUILDING STRONG COMMUNITIES FOR ALL. THE FOUNDATION ENVISIONS A WORLD IN WHICH ALL WOMEN AND GIRLS HAVE THE OPPORTUNITY TO THRIVE IN SAFE, JUST, AND HEALTHY COMMUNITIES.

Non-Profit Donations & Grants

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$20K - $100K
2015

CHICAGO FOUNDATION FOR WOMEN (CFW) INVESTS IN WOMEN AND GIRLS AS CATALYSTS, BUILDING STRONG COMMUNITIES FOR ALL. THE FOUNDATION ENVISIONS A WORLD IN WHICH ALL WOMEN AND GIRLS HAVE THE OPPORTUNITY TO THRIVE IN SAFE, JUST, AND HEALTHY COMMUNITIES.

$20K - $100K
2014

CHICAGO FOUNDATION FOR WOMEN (CFW) INVESTS IN WOMEN AND GIRLS AS CATALYSTS, BUILDING STRONG COMMUNITIES FOR ALL. THE FOUNDATION ENVISIONS A WORLD IN WHICH ALL WOMEN AND GIRLS HAVE THE OPPORTUNITY TO THRIVE IN SAFE, JUST, AND HEALTHY COMMUNITIES.

$20K - $100K
2013

CHICAGO FOUNDATION FOR WOMEN (CFW) INVESTS IN WOMEN AND GIRLS AS CATALYSTS, BUILDING STRONG COMMUNITIES FOR ALL. THE FOUNDATION ENVISIONS A WORLD IN WHICH ALL WOMEN AND GIRLS HAVE THE OPPORTUNITY TO THRIVE IN SAFE, JUST, AND HEALTHY COMMUNITIES.

Political Donations
$1,000
2012

Former Representative from Illinois's 10th Congressional District

$1,000
2011

Partner at Kirkland & Ellis LLP

$1,000
2011

Honorary Campaign Chairman at Jimmy Tingle's Campaign for Lieutenant Governor of Massachusetts, 2018

Public Holdings
Restricted data only for RelSci Professional users.
Awards & Honors
Rank #21
2013
American Banker - The 25 Most Powerful Women in Finance
Events
Speaker
New York-Northern New Jersey-Long Island, NY-NJ-PA Metropolitan Statistical Area
5th Annual Women's Alternative Investment Summit

The 5th Annual Women's Alternative Investment Summit is a conference to enhance networking, fundraising, and deal-making opportunities for senior-level women across the broad spectrum of alternative investments.

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