Press Release

Industry Ventures Raises More Than $1.7 Billion in Two Funds

September 27, 2023

San Francisco – September 27, 2023 – Cooley advised Industry Ventures, a leading investment firm focused on private technology investments, on raising more than $1.7 billion in the closing of two funds – Secondary X and Tech Buyout II. Partners Elizabeth Reese and John Clendenin led the Cooley team advising on Secondary X, and partners Aaron Velli and Rachel Goddard led the team advising on Tech Buyout II.

With more than $1.45 billion in new commitments, Secondary X is Industry Ventures’ largest fund to date and will enable Industry Ventures to continue providing a broad range of liquidity solutions for venture capital investors.

Tech Buyout II closed with more than $260 million in new capital commitments and is a hybrid fund focusing on small software company buyouts and emerging software buyout funds.

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