Industry Ventures Raises Oversubscribed $700 Million Secondary Funds Enabling a Third Exit Option for Venture Capital

June 20, 2016
In Recent news

Managing over $2.7 Billion of Capital, the Firm Is the Largest Dedicated Liquidity Provider for Venture Capital Secondary Transactions

June 20, 2016 – SAN FRANCISCO, CA – Industry Ventures LLC, a leading investment firm for venture capital, today announced the closing of Industry Ventures Secondary VIII, a $500 million secondary fund focused on providing exit alternatives for venture capital investments.  Additionally, the firm closed a $200 million Special Opportunities Fund that enables the firm to invest in larger transactions in parallel to the main fund.

As the largest dedicated liquidity provider for private shares in leading companies and limited partnership interests in venture funds, the firm now has a total of $2.7 billion of capital under management and solidifies the firm as the leader in the secondary market for providing comprehensive exit alternatives to employees, founders, angel investors, corporate venture capital programs, hedge funds, mutual funds and other non-traditional venture investors.

“We are blessed with an amazing investor base that is highly supportive of our team and investment strategy. The venture capital market continues to thrive through varying economic cycles because of a robust secondary market,” said Hans Swildens, CEO and Founder of Industry Ventures. “Leading VC-backed companies face a myriad of liquidity challenges as the IPO market is unpredictable. Company shareholders — founders, employees, angel investors, and corporate venture funds – have turned to our firm over the last fifteen years to provide broad and flexible investment options tailored to each situation.”

Secondary VIII is Industry Ventures’ largest fund raised to date, and along with the Special Opportunities Fund, it will enable the firm to continue to provide a broad range of investment options to address liquidity needs for venture capital investments.  As a pioneer in the VC secondary market, the firm’s 15-year track record contains investments in over 175 private venture backed companies and over 215 venture capital partnerships.  The firm as acquired over thirty corporate venture capital, hedge fund and mutual fund portfolios.  Secondary VIII’s investor base includes leading institutions representing government and corporate pension funds, insurance companies, endowments, foundations, the firms Managing Directors and high net worth family offices.

Recent Blogs Articles

view all

Even on the Way Out, Investors Deserve a Manager’s Empathy

We were taught as children about the golden rule: treat others as one would expect to be treated. Sometimes we forget this rule in business—particularly in the venture business. While we could take a sentence like that in several different directions, today the focus is on limited partner transfers. In many cases, nobody is at…

Read More

Read More

Secondary Funds – Venture Capital and Private Equity Update

In our last article, “The Venture Capital Risk Matrix,” we reviewed targeted return profiles for direct venture capital and fund investments. Since then, the CEO at one of our portfolio companies asked us, “How do secondary funds compare to venture capital returns?” After thinking about it, we decided it made sense to provide an overview…

Read More

Read More

Facebook
Twitter
Google Plus
Pinterest
LinkedIn
Xing