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

The Continued Growth of Venture Buyouts – an Updated Perspective

Introduction In late 2018, Industry Ventures published a white paper on the evolution of the software buyout landscape and the emergence of a new category of small, tech-focused buyout funds targeting venture-backed technology companies. Among our key assertions was that smaller, verticalized SAAS businesses are particularly well-suited for buyout exits. In light of this, we…

Read More

Read More

The Impact of COVID-19 on VC Funds

To better understand the impact of COVID-19 and its related government mandates on the venture capital industry, we surveyed our universe of venture funds. Nearly all respondents were VC fund CFOs or General Partners. The goal of this survey was to gauge the venture capital-related economic impact of COVID-19 and its associated government regulations, and how the consequent actions of industry stakeholders are affecting the VC space. The data that we collected suggests that these various elements are driving the following trends in our industry:

Read More