Industry Ventures Closes $500 Million Fund
San Francisco – July 8, 2016 – Cooley advised Industry Ventures on the closing of Industry Ventures Secondary VIII, a $500 million secondary fund focused on providing exit alternatives for venture capital investments.
Industry Ventures is the largest dedicated liquidity provider for private shares in leading companies and limited partnership interests in venture funds. With a total of $2.7 billion of capital under management, Industry Ventures is the leader in the secondary market for providing comprehensive exit alternatives to employees, founders, angel investors, corporate venture capital programs, hedge funds, mutual funds and other non-traditional venture investors.
The firm invests directly in venture-backed companies through secondaries and co-investments as well as indirectly through LP interest secondaries and primary commitments to early stage venture funds.
The team advising Industry Ventures included Ian O'Donnell, Elizabeth Reese and Stanley Santos.
About Cooley LLP
Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.
Cooley has 900 lawyers across 12 offices in the United States, China and Europe.
This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.