Industry Ventures LLC, a San Francisco, CA-based investment firm for venture capital, closed its new fund of funds at $170m.
Industry Ventures Partnership Holdings III, L.P. is an oversubscribed hybrid fund of funds that targets primary commitments and early secondary purchases in smaller venture capital funds as well as direct investments alongside its managers.
The vehicle, which brings the firm’s total capital under management to over $2 billion, will make primary commitments in seed and early stage funds and will work with General Partners as a preferred partner for LP interest secondaries, as well as direct co-investments in high-performing mid and later stage companies. Prior Partnership Holdings funds have helped finance iconic startups such as Twitter, Uber and Zynga.
Led by Hans Swildens, CEO and Founder, Industry Ventures has backed fund managers such as Altos Ventures, Amplify Partners, Costanoa Venture Capital, Foundry Group, IA Ventures, Jafco Ventures, K9 Ventures, Lowercase Capital, OATV, SoftTech VC, True Ventures, and Upside Partnership among others.
The firm has an office in Washington, DC.
FinSMEs
01/08/2014