Industry Ventures Closes $125M for Debut Tech Buyout Fund

February 3, 2020
In Recent news By Press Release

Hybrid Fund Focused on Direct Investments and Primary Commitments to Buyout Funds within the Technology Space

February 3, 2020 – SAN FRANCISCO, CA – Industry Ventures, LLC (“Industry Ventures”), a leading investment firm pioneering venture capital solutions, announced today the final closing of its debut hybrid fund of funds for technology buyouts, Industry Ventures Tech Buyout, L.P. (“the Fund”), with total commitments of $125 million.

The Fund continues the firm’s successful strategy of investing in leading technology-focused managers and companies. The Fund will target primary commitments to technology buyout funds less than $750 million in size, early secondary purchases of limited partnership interests in those same funds and direct co-investments in technology buyouts focusing on software companies and other venture-backed businesses. The new fund brings the firm’s total institutional committed capital under management to $3.6 billion.

“We have successfully launched multiple new investment strategies in our Firm’s twenty-year history and saw another way to collaborate with venture capital funds and companies to help them generate liquidity via alternative exit solutions. We are grateful for the support and trust from our expanding limited partner base and we look forward to partnering with them as we continue the Firm’s evolution,” said Hans Swildens, CEO and Founder of Industry Ventures.

Lindsay Sharma, Managing Director, commented, “The Fund is a logical extension of our investment platform and a value-add to both our venture capital fund managers and company management teams. We are excited to continue leveraging our unique position in the market to generate proprietary deal flow and access to leading technology-focused buyout opportunities.”

The Fund’s investor base includes leading institutions representing government and corporate pension funds, endowments, foundations, high net worth family offices and a sizable commitment from its general partner.

For more on the firm’s tech buyout investment strategy, click here.

About Industry Ventures LLC

Founded in 2000, Industry Ventures is a leading venture capital platform with $3.6 billion under management. Industry Ventures invests across all stages of the venture capital lifecycle through complementary fund strategies. The firm is headquartered in San Francisco, with offices in Washington, DC and London. For more information, please visit www.industryventures.com.

Facebook
Twitter
LinkedIn

 

Recent Blogs Articles

view all

How Big is the Secondary Market for Venture Capital?

By Hans Swildens, Victor Hwang, and Nick Laszlo “How big is the market?”, a question we are commonly asked due to our investments in the secondary venture market. This can be difficult to answer for a variety of reasons, the main one is confidentiality. Most sales/investments are not publicly announced. Our estimates are not only…

Read More

Read More

White Paper: Small Tech Buyout – The Fourth Exit Option

Read More