This week’s episode of StrictlyVC Download features Industry Ventures founder Hans Swildens, who discusses his firm’s transaction with Goldman Sachs that comes during Industry Ventures’ 25th anniversary year. Swildens walks through the 20-year evolution of the Goldman relationship — from LP investor to wealth platform partner to minority stakeholder in 2019 — and explains why […]
Goldman Sachs has agreed to acquire Industry Ventures, a 25-year-old, San Francisco-based investment firm with $7 billion in assets under management, CNBC was first to report on Monday. The deal underscores the growing importance of secondary markets and buyouts as traditional venture exits remain sluggish. The investment bank is paying $665 million in cash and
The venture fundraising trend in 2024 is fairly clear by now: Large, established VC firms are continuing to attract capital from limited partners, while smaller, newer funds are finding it more difficult to raise. But Industry Ventures’ latest fundraise should offer a dash of good news for emerging managers. On Tuesday, the 24-year-old firm announced
