Industry Ventures Raises Oversubscribed $335 Million Hybrid Fund of Funds

June 29, 2018
In Recent news By Press Release

Industry Ventures Raises Oversubscribed $335 Million Hybrid Fund of Funds

June 29, 2018 – SAN FRANCISCO, CA– Industry Ventures, a leading investment firm focused on venture capital, today announced the closing of its fifth hybrid fund of funds, Industry Ventures Partnership Holdings V, L.P. (“the Fund”), with total commitments of $335 million. The Fund will continue the same successful strategy of primary commitments and early secondary purchases in smaller, early-stage venture capital funds as well as direct co-investments alongside these small funds. The new fund brings the firm’s total institutional committed capital under management to $3.4 billion, with $1.1 billion dedicated to the hybrid fund of funds and direct co-investment strategies.

“We are grateful for the strong support the Fund received from both existing and new investors,” said Hans Swildens, CEO and Founder of Industry Ventures.  “The addition of the Fund allows us to continue to strengthen our venture capital platform offering GPs capital support throughout the lifecycle of a fund and offering limited partners a single manager relationship with exposure to all stages of venture capital.”

Roland Reynolds, Managing Director of the hybrid fund strategy, commented that “as a pioneer in the seed fund and emerging manager categories, we have been working with leading next generation managers for more than 12 years, and we remain active in identifying the next wave of top small fund managers. We are grateful that leading institutional investors and consultants have recognized the attractive return opportunity in this segment.” The Fund’s investor base includes leading institutions representing government and corporate pension funds, endowments, foundations, high net worth family offices and the firm’s Managing Directors.

“Partnership Holdings V enables our team to continue our successful strategy of deep collaboration with some of the top small funds and entrepreneurs in the venture capital business,” said Ken Wallace, Managing Director of the hybrid fund strategy.  The hybrid fund program has investments in over 120 small venture capital partnerships, 20 co-investment funds and 35 direct co-investments in the technology sector.

For more on the firm’s Partnership Holdings investment strategy, click here.


Media Contact:
Lena McNulty Mom



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