Secondary Consolidation: Industry Ventures Buys Little Hawk
San Francisco-based secondary firm Industry Ventures today will announce its acquisition of Little Hawk Capital, a Washington, D.C.-based firm focused on direct and indirect investments in small VC and growth equity funds. Consider it a secondary secondary, which probably makes it a tertiary... Little Hawk founder Roland Reynolds will serve as a principal with Industry Ventures, while existing Industry staffer Ken Wallace was promoted to vice president and will work with Reynolds. Little Hawk raised $30 million for its debut fund in 2006, and still has room for a handful of new commitments. Reynolds says that the plan is to work through this vehicle -- now rebranded Industry Little Hawk -- before beginning a new fund-raise.
23 September 2009•2 mins read
