Lilly Ventures has spun out from drugmaker Eli Lilly & Co., in order to offer its employees more competitive compensation packages, according to VentureWire. As part of the deal, Lilly Ventures secured a new $200 million capital commitment from its former parent company. www.lillyventures.comDON'T MISS IT! Now in its 10th year, PartnerConnect Midwest is bringing you 300 attendees, over 400 private ExecConnect meetings between LPs and GPs, and three insightful tracks including Buyouts Funds, Buyouts Deals and Co-Investments. REGISTER TODAY!