SOURCE: Industry Ventures

January 02, 2007 06:30 ET

Industry Ventures Closes $105 Million Fund IV

Firm's Fourth Fund Focuses on Secondary Venture Investments in Direct Portfolios and Limited Partnership Interests

SAN FRANCISCO, CA -- (MARKET WIRE) -- January 2, 2007 -- Industry Ventures, a leading secondary fund focused on venture capital investments, today announced the closing of its fourth fund, Industry Ventures Fund IV L.P., with $105 million of committed capital. In addition, the firm announced the formation of two co-investment partnerships with $15 million in committed capital. Industry Ventures Fund IV and its affiliates will continue the successful investment strategies of its predecessor funds including a focus on secondary investments in direct venture portfolios, limited partnership interests and special situation investments.

"The closing of Industry Ventures Fund IV is a great milestone for the partnership," said Hans Swildens, Principal and Founder, Industry Ventures. "The fund is capitalized by leading institutional limited partners in the United States, Europe and Asia. It enables our team to focus on sourcing and transacting with a committed pool of capital, and gives us the necessary flexibility to work with general partners in various deal structures. We are seeing more tail-end opportunities in the marketplace and look forward to helping institutions and individuals achieve an early liquidity event from their investments."

Industry Ventures Fund IV is scheduled to be invested over a period of approximately four years and is expected to contain a portfolio of 10 direct portfolios and 20 partnership interests ranging in size from $200,000 to $25 million each. The fund will be managed by a team of three principals and will be administered through the firm's offices in San Francisco.

Since its founding in 2000, Industry Ventures has invested in more than 10 direct portfolios and 15 limited partnership interests across the information-technology and healthcare markets. Past portfolios acquired include investments from Bowman Capital, EDS Ventures, Enron Broadband, Hollinger International, Infospace Venture Capital, Technology Funding and Williams Communications. The firm began investing Industry Ventures Fund IV in 2006 and has already committed $20 million to various transactions.

About Industry Ventures

Industry Ventures, L.L.C., a secondary firm focused on venture capital investments, acquires venture portfolios, limited partnership interests, and direct investments from institutions and individual investors. The firm manages six funds representing more than $300 million of invested capital and more than 70 secondary investments. The team's experience with secondary transactions makes Industry Ventures a valuable partner for investors looking for near-term liquidity from their existing investment. For more information, visit

Contact Information

  • Contact:
    Hans Swildens
    Industry Ventures, L.L.C.
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