US

Goldman Sachs' purchase of Industry Ventures and Hobe Mountain Capital's spin-out from David Rubenstein's family office are signs that the venture secondaries business is only going to grow.

The investment bank will pay up to $965m for Industry, as it ramps up its push into private wealth, focusing on distributions and unique product offerings.

The UK-based fund of funds leverages the data from its nearly 40-year history to focus on a smaller number of managers it believes will consistently outperform the venture market.

Former PE head Joanna Rupp played a key role in building out the endowment's VC portfolio, which includes funds from Sequoia Capital, Pear VC, MFV Partners, Golden Venture Partners and Red Arts Capital.

The New York-based investment firm counts on more than 75 LPs to raise $1.36bn for EIP Flagship Fund III.

The solo-GP-led firm invests in the earliest stages of companies operating in 'critical deep tech sectors.'

The Denmark-based firm has raised €134m towards its €300m target to invest entirely in quantum technologies.

The early-stage VC’s portfolio spans everything from space-based robotics to quantum computing and cryptography research.

The sovereign fund recently committed $690m to seven venture funds as part of its effort to bolster exposure to private assets following several years of record cash inflows from oil revenues.

LPs include fund of funds Top Tier Capital Partners and Aldea Ventures, as well as multi-family office Granite Capital Management and real estate investor Dominus.