Industry Ventures Closes $400 Million Secondary Fund, Exceeds $1B Of Capital
July 11, 2011 at 08:03 AM EDT
VC firm Industry Ventures has closed its Fund VI, a $400 million secondary fund focused on providing liquidity alternatives for venture capital and growth equity investments. Additionally, the firm recently closed a $155 million 'Special Opportunities Fund', bringing total capital under management to more than $1 billion. The new fund, which Industry Ventures says was oversubscribed, will serve to address liquidity needs for employees, investors and founders across the lifecycle of a venture capital investment.