Venture startup launches in Hawthorn Woods

A new startup company is beginning efforts aimed at raising capital toward funding a new startup in private equity.

Headed by Phillip Benson and based in Hawthorn Woods, Midwestern Capital Ventures aims to acquire controlling interests in high-potential companies entering periods of ownership transition.

He said that target companies are already being identified, and preliminary introductions into several have already occurred. The company plans to move to offices in Schaumburg.