Scoop: Industry Ventures Seeks $555M with 2 New Funds
Secondary market investor Industry Ventures is seeking $555 million in new money in a push that will more than double its capital under management. The San Francisco firm hopes to raise the cash in two funds, according to documents filed with the Securities and Exchange Commission. The first is a $400 million sixth fund, one document states. The second fund is a $155 million special opportunities fund, the second document shows. Both documents were filed Friday. The firm, founded in 2000, presently manages $450 million in the hot secondary market place. Its focus is largely secondary shares of later stage companies with substantial revenue. The firm also makes direct investments in smaller venture partnerships.
15 February 2011•1 min read
