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Industry Ventures reaches $5bn AUM thanks to new $575m hybrid fund close

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Industry Ventures has boosted its asset under management to $5bn with the close of its sixth hybrid fund on $575m.

The close came just seven months after it closed its biggest secondaries fund on $850m in March.

Industry Ventures provides long-term capital to emerging and see-stage venture capital managers through primary LP commitments and selective early secondary LP commitments.

It has made commitment to over 185 small venture capital partnerships, 95 direct investments and 100 co-investments funds and purchased over 60 early secondary LP interests in the technology sector since its inception in 2007.

Hans Swildens, CEO and founder of Industry Ventures, said, “The closing of our sixth Partnership Holdings fund is an incredible milestone for our firm. The additional capital in this fund will allow us to continue building on prior successes such as making commitments to GP’s inaugural funds like 11.2 Capital, Altos Ventures, Amplify Partners, Cowboy Ventures, IA Ventures, Lowercase Capital, Pear Ventures, and dozens of others, as well as co-investing into breakout private technology companies like Uber, Stripe, Datadog, Coupang and more.”

Early last year Industry Ventures closed its first hybrid fund of funds for tech buyouts with $125m of committed capital, and this year hit a $180m final close for its second co-investment fund amid talking up the “compelling opportunity” to invest in digital transformation in the coronavirus pandemic.

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