Fund is approaching or has exceeded the end of its term
Action
Our dedicated team works closely with General Partners to maximize liquidity while creating a successful exit for their fund. Once we evaluate the portfolio and find it meets our qualifications, we issue a Letter of Intent (LOI) and initiate our final due diligence phase. Once this is completed, we send the seller a standard purchase agreement, and prepare all transfer documentation. The deal is consummated when all legal documentation for transferring the investments is complete and money is exchanged.
Results
The results for you, the General Partner, include:
Achieve liquidity to generate cash and wind-up the fund
Focus on raising follow-on funds
Dispose of remnant portfolio companies
Remove all unnecessary expenses and drain on resources
Refocus time and energy on newer vintage partnerships and investment areas
Related Transactions
Here is a list of other transactions our team can help you with:
Sponsor a General Partner to acquire their entire fund
Add commitments to an existing fund to enable the General Partner to provide follow-on investments to portfolio companies
Purchase a “strip” of the portfolio to generate cash and gain for the fund
Working with Industry Ventures
Industry Ventures has a dedicated team that will work closely with the General Partner and Limited Partner to complete a timely transaction. Their experience and knowledge allows them to move through the process quickly—from portfolio evaluation, to the issuance of a Letter of Intent (LOI), through final due diligence, legal document preparation, and deal consummation.
Industry Ventures, L.L.C. is a leading investment firm that capitalizes on inefficiencies within venture capital and technology growth equity. The firm invests in both secondary and primary opportunities, including direct portfolios, secondary directs, limited partnership interests and other special situations. Headquartered in San Francisco, with offices in the Washington, D.C. area, the firm manages more than $450 million of institutional capital.
415.273.4201