Industry Ventures Closes Oversubscribed $425 Million Secondary Fund and $200 Million Special Opportunities Fund

Industry Ventures Closes Oversubscribed $425 Million Secondary Fund and $200 
Million Special Opportunities Fund 
$1.7 Billion of Capital Under Management Establishes Firm as the
Largest Dedicated Liquidity Provider for Venture Capital 
SAN FRANCISCO, CA -- (Marketwired) -- 12/04/13 --  Industry Ventures
LLC, a leading investment firm for venture capital, today announced
the closing of Industry Ventures Secondary VII, a $425 million
secondary fund focused on providing liquidity alternatives for
venture capital investments. Additionally, the firm closed a $200
million Special Opportunities Fund which enables the firm to invest
in larger transactions. These new funds bring total capital under
management to more than $1.7 billion and establish the firm as the
largest dedicated liquidity provider for venture capital investments. 
Secondary VII 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 employees, general partners, limited partners,
and founders across the lifecycle of a venture capital investment. As
a leading pioneer in the VC secondary market, the firm's 12-year
track record contains investments in over 120 private venture backed
companies and over 140 venture capital partnerships. Secondary VII's
investor base includes 30 institutions representing government and
corporate pension funds, insurance companies, endowments and
foundations. 
"We are thrilled with the continued support and participation of our
investors in Secondary VII. The VC market continues to evolve and
there is an acceleration in shareholders looking for liquidity prior
to a M&A or IPO exit. We now have the largest capital base and team
in the U.S. focused exclusively on solving liquidity issues for the
venture capital ecosystem. Whether it's a founder or employee looking
for liquidity, a VC fund at the end of its ten year term or a
corporation looking to exit their venture capital portfolio, we offer
a number of flexible structures to enable direct equity and
partnership interest sales," said Hans Swildens, Managing Director
and Founder of Industry Ventures.  
With Secondary VII, the firm will continue to invest in leading
private compan
ies and venture capital funds. Founders, angel
investors, financial institutions, hedge funds, venture capital
firms, corporate venture funds and family offices are among the
parties seeking investment structures that align risk/reward profiles
for diverse circumstances.  
"Industry has really established itself as a go-to partner for
founders, management teams and VCs facing liquidity issues of every
kind," said Greg Gottesman, Managing Director of Madrona Venture
Group. "It's not one-size-fits-all with them. They look at your
individual situation and try to figure out how to create a win-win
across stakeholders. This new fund is great news for Industry and
great news for our ecosystem." 
"Industry Ventures' approach to structuring win-win liquidity options
for existing shareholders of private, VC-backed companies reflects
their leadership position and sophisticated understanding of
secondary market dynamics built through over a decade of experience
meeting our needs," said Trevor Wright, co-founder of Vitrue
(acquired by Oracle). 
"We have a long-standing relationship with Industry Ventures as a
limited partner, secondary and co-investor, providing lots of value
along the way. They are trusted partners and have a deep
understanding of the VC ecosystem," said Larry Marcus, Walden Venture
Capital.  
Industry Ventures led secondary investments in a number of market
leading companies that realized exits such as Alibaba Group,
Ancestry.com (ACOM), Broadsoft (BSFT), Facebook (FB), Splunk (SPLK),
and Vitrue (acquired). Additionally, recent investments include Good
Technology, Harvest Power, OnDeck Capital, Practice Fusion, Sojern,
and Trustwave. 
Representative secondary portfolio transactions included purchasing
direct investments and limited partnership interests from firms such
as EDS Ventures, Enron, Hollinger Capital, and Washington Mutual. 
About Industry Ventures LLC 
Industry Ventures is a leading investment firm that focuses on
venture capital. The firm invests directly in venture backed
companies through secondaries and co-investments as well as
indirectly through LP interest secondaries and primary commitments to
small early stage venture funds. Founded in 2000, the firm manages
over $1.7 billion of institutional capital and is headquartered in
San Francisco with an office in Washington, D.C. For more
information, please visit www.industryventures.com. 
Media Contact:
Kim Hughes
The Blueshirt Group (for Industry Ventures)
415-516-6187
kim@blueshirtgroup.com 
 
 
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