Secondary Investments Partnership Holdings

Privacy Policy

At Industry Ventures, L.L.C. ("Industry Ventures"), your privacy is very important to us. Below are (i) our Website Privacy Policy, which explains Industry Ventures’ practices pertaining to the collection of information on our public website, and (ii) our general Privacy Policy, which explains how we safeguard the confidential information provided to us by our current, prospective and former clients and investors.

These policies are effective as of December 2013. We may make changes to these policies in the future.


What Information We Collect

This policy applies to information collected from, or which may be submitted to, the Industry Ventures website. Currently, we do not collect any personally identifiable information about visitors to the publicly available areas of our website, including any visitors’ names, addresses, phone numbers, social security numbers or email addresses. At times, visitors to our website may choose to email people at Industry Ventures using links available on our website; in such instances, a visitor’s email address may be collected as part of the process of sending the email to us in order to enable us to reply to those emails. Our website uses "cookies" technology, through which small amounts of data are sent to your computer from our web server and stored on your computer’s hard drive. This data anonymously identifies you as a unique user when visiting our website, and helps us in the ongoing maintenance of our website. This technology does not provide us with any information about your name, address phone number or email address, or any other personally identifiable information.

How We Use Information We May Collect

We do not share any information collected from the publicly available areas of our website with any parties outside of our company. Industry Ventures reserves the right to disclose any such information we do collect when required by a valid subpoena or court order, or as otherwise permitted or required by law. In the event that a visitor submits his or her email address or any other personally identifiable information to us through our website while requesting information or sending an email to someone at Industry Ventures, other than as described above, we do not use such information for any other purpose, and will not disclose such information to any outside party.

Other Third Party Websites

Our website may contain links to websites controlled and maintained by third parties. We do not have any control over the content of these websites, and we assume no liability or responsibility for such sites, the content contained in them, or the manner in which any information collected on such sites is used. This Website Privacy Policy does not govern the use of information collected on third party websites.


Industry Ventures is committed to safeguarding the confidential information provided to us by our current, prospective and former clients and investors (collectively “you”). You provide us with nonpublic personal information about yourself and we collect nonpublic personal information about you from a variety of sources, including interviews and other conversations between you and our personnel, as well as applications and other documents which you complete.

We do not disclose any nonpublic personal information about you to anyone, except as permitted or required by law. Examples of disclosures that are permitted by law are disclosures to our accountants, auditors, and lawyers, disclosure to the regulators that examine our business, disclosure to investment funds and their respective managers if requested in connection with an investment, disclosure to transfer agents, brokerage firms and the like, in connection with possible in-kind distributions to our investors, and disclosures that you specifically request. One type of disclosure that we may be required by law to provide to the federal government is information about your identity pursuant to the Patriot Act, including the International Money Laundering Abatement and Financial Anti-Terrorism Act.

We do not provide personal information about you to mailing list vendors or solicitors for any purpose. We restrict access to nonpublic personal information concerning each client or investor to those employees who have a business reason to need to know that information. In addition, we maintain a secure office and computer environment to ensure that your information is not placed at unreasonable risk. Please call us if you have any questions about our privacy policy. We would be happy to discuss our practices.

Industry Ventures was formed in 2000 by Hans Swildens to make seed stage investments in start-up technology companies. Shortly after making our first investments the NASDAQ collapsed and the venture business entered a very difficult liquidity period. In 2001, we pivoted the investment focus to purchase shares in venture backed companies in secondary transactions.

Our first secondary investment was the purchase of shares in Speedera Networks from a publicly traded corporation. Hans helped his brother Eric start Speedera Networks with Rich Day and Ajit Gupta (together the "ERA"). Speedera Networks was acquired by Akamai in 2005. Prior to Speedera, Eric and Hans founded Microline Software after Eric wrote various user interface components of Netscape Navigator 1.0 in 1994. Microline was acquired in 1997 by Neuron Data and the combined company rebranded Blaze Software. Blaze went public in 2000 and was subsequently acquired by Fair Isaac.

A few months after buying part of Speedera, the firm acquired the venture capital division of Electronic Data Systems (EDS). During the period of 2002-2004, the firm acquired over $200 million of invested capital from various sellers of venture capital portfolios including Bowman Capital, Enron Broadband Ventures and Infospace. This investment activity was instrumental in the early formation of the secondary market for venture capital investments.

In 2008, we launched our fund of funds effort with the acquisition of Little Hawk Capital Management. We saw inefficiencies and investment outperformance in small venture capital funds. We have subsequently built a portfolio of over twenty small venture capital funds with leading early stage investors. Today we co-invest alongside these funds in their high-growth businesses.

Over the last decade, the firm evolved from being a pioneer of secondary investments into the leading provider of liquidity for the venture capital market. We manage over $3 billion from institutional investors and operate with one of the largest investment teams in the market.