Mr. Skip Heizer, Molly (Mrs. Ned) Heizer, Corbon Heizer, Emma Heizer, Mitchell Petersen, Director of the Heizer Center for Private Equity and Venture Capital, Lynn (Mrs. Skip) Heizer, Professor Paola Sapienza, and Linda Darragh, Executive Director of the Heizer Center for Private Equity and Venture Capital, at the 2013 Heizer Center Sponsor Dinner. Photo @ C. Jason Brown
The Heizer Center for Private Equity and Venture Capital is named after and endowed by Mr. Ned Heizer (1929-2009). With a background in accounting at Arthur Andersen, investment banking at Kidder Peabody, and management consulting at Booz Allen and Hamilton, Mr. Heizer decided to use his knowledge and experience to invest in small startup firms. From 1962 to 1968, Mr. Heizer built the venture capital arm of Allstate Insurance Company. In 1969, he launched the Heizer Corporation, a vehicle to invest in young, high growth firms and a precursor to the venture capital firms we know today. Over the sixteen year history of his firm, Mr. Heizer accumulated an impressive investment record. As important to him as his financial success, is the role he and his firm were able to play in growing businesses and creating employment in important segments of the economy. A list of Mr. Heizer’s investments include Amdahl, Federal Express, Intel, and Material Science Corporation. In appreciation for his contribution to the industry Mr. Heizer received the Stanley C. Golder Medal from the Illinois Venture Capital Association for his pioneering efforts in venture capital in 2004 where he was described as “an innovator, an absolutely brilliant guy, and the father of venture capital, not only in Chicago but nationwide.” It is Mr. Heizer’s foresight and financial generosity that makes the Heizer Center for Private Equity and Venture Capital possible.