Industry Ventures closes USD125m for debut tech buyout fund

Industry Ventures, an investment firm focused on venture capital solutions, has held the final closing of its debut hybrid fund of funds for technology buyouts, Industry Ventures Tech Buyout, with total commitments of USD125 million.

The Fund continues the firm’s successful strategy of investing in technology-focused managers and companies. The Fund will target primary commitments to technology buyout funds less than USD750 million 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. The new fund brings the firm’s total institutional committed capital under management to USD3.6 billion.

“We have successfully launched multiple new investment strategies in our Firm’s twenty-year history and saw another way to collaborate with venture capital funds and companies to help them generate liquidity via alternative exit solutions. We are grateful for the support and trust from our expanding limited partner base and we look forward to partnering with them as we continue the Firm’s evolution,” says Hans Swildens, CEO and Founder of Industry Ventures.

Lindsay Sharma, Managing Director, says: “The Fund is a logical extension of our investment platform and a value-add to both our venture capital fund managers and company management teams. We are excited to continue leveraging our unique position in the market to generate proprietary deal flow and access to leading technology-focused buyout opportunities.”

The Fund’s investor base includes leading institutions representing government and corporate pension funds, endowments, foundations, high net worth family offices and a sizeable commitment from its general partner.