Industry Ventures Raises More Than $1.7 Billion in Two Funds

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.

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 1,400 lawyers across 18 offices in the United States, Asia and Europe, and a total workforce of more than 3,000.