Sunday, March 22, 2009

WSJ - Industry Ventures

"Many venture-capital firms are falling short of fundraising targets for their new funds. But Industry Ventures, which focuses on secondary venture-capital investments, plans to announce Monday that it has raised a $265 million new fund, above its target of $200 million."

"Hans Swildens, a founder of Industry Ventures, says the secondary market is now “more active than I’ve ever seen it.” He estimates that 10% of invested capital in the venture-capital business is currently exploring a secondary sale, up from 3% to 4% in normal times."

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