Industry Ventures, LLC, a San Francisco, CA-based investment firm providing venture capital solutions, closed its debut hybrid fund of funds for technology buyouts, Industry Ventures Tech Buyout, L.P., at $125m.
The fund’s investor base includes leading institutions representing government and corporate pension funds, endowments, foundations, high net worth family offices and a sizable commitment from its general partner.
The vehicle invests in leading technology-focused managers and companies targeting primary commitments to technology buyout funds less than $750m in size, early secondary purchases of limited partnership interests in those same funds and direct co-investments in technology buyouts focusing on software companies and other venture-backed businesses.
Founded in 2000 and led by Hans Swildens, CEO, and Lindsay Sharma, Managing Director, Industry Ventures invests across all stages of the venture capital lifecycle through complementary fund strategies. The firm, which also has Washington, DC and London, has $3.6 billion in total institutional committed capital under management.