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
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 www.industryventures.com.
Contact Information: Contact:
Industry Ventures, L.L.C.