VC
Industry Ventures
venture capital & secondary, secondaries, secondary, venture capital, venture capital & private equity principals
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๐ฏ What They Do
Industry Ventures is a pioneering venture capital and growth firm, established in 2000 by Hans Swildens, that has cultivated new segments of the venture capital market.
- โThe firm is recognised for its innovative, full-stack approach, providing flexible capital solutions across the entire venture lifecycle, from seed and early-stage investments to late-stage secondaries and venture capital-backed companies transitioning to buyout.
- โThis comprehensive strategy allows them to be a versatile partner for fund managers and entrepreneurs.
๐ Their Story
At its core, Industry Ventures aims to support innovative technology companies and their investors with reliability, efficiency, and patience.
- โThey differentiate themselves through a flexible capital approach that unlocks unique investment opportunities, effectively lowering overall risk while maintaining strong upside potential.
- โThe firmโs methodology is underpinned by significant information advantages, an extensive network, a collaborative ethos, and considerable capital, positioning them as a valuable partner to both General Partners (GPs) and management teams.
โก What Sets Them Apart
Over two decades, Industry Ventures has evolved from a secondary investment pioneer to a leading provider of these diverse capital solutions.
- โThey have a strong track record, managing over $8 billion in committed capital on behalf of their Limited Partners (LPs).
- โKey achievements include making over 1,000 primary and secondary investments and generating an attractive net Internal Rate of Return (IRR) of 18% and a net realised Multiple on Invested Capital (MOIC) of 2.2x since inception.
๐ Track Record
The firm's leadership team, including founder Hans Swildens, Senior Managing Directors Justin Burden and Roland Reynolds, and Managing Director Lindsay Sharma, collectively drives its strategic direction and operational oversight.
- โNotably, Industry Ventures was acquired by The Goldman Sachs Group, Inc. in January 2026, and now operates within Goldman Sachs' External Investing Group (XIG).
- โThis acquisition strengthens Goldman Sachs' private markets presence and expands Industry Ventures' global resources.
๐ฅ The Team
Industry Ventures serves a broad range of stakeholders, including entrepreneurs, venture capitalists, and limited partners, by structuring bespoke capital solutions. Their commitment to fostering diversity, equity, and inclusion within their own organisation and the wider venture community underscores their belief that human capital is their most valuable asset.
Industry Ventures at a glance
Investment thesis
Industry Ventures' thesis is to provide flexible capital solutions across the entire venture capital lifecycle, supporting innovative technology companies and their investors. They seek to unlock unique opportunities and deliver differentiated access to investments that lower overall risk while maintaining upside potential, driven by their deep network and data-driven insights across various stages and market segments.
Key partners
Focuses on identifying differentiated investment approaches, particularly in the secondary market and supporting early-stage venture partnerships.
Concentrates on originating, valuing, and managing secondary investment opportunities in later-stage, venture-backed companies and venture capital funds. Has sourced and led over seventy-five secondary transactions.
Focuses on originating, valuing, and managing primary fund commitments, early secondary limited partnership investments, and direct company investments for the Industry Ventures Direct and Partnership Holdings team. He identified the opportunity in emerging managers (sub US$250M funds).
Concentrates on originating, valuing, and managing direct and secondary investments, and strategic primary fund commitments for the Industry Ventures Tech Buyout team. She is actively involved in enabling successful exit scenarios for older venture-funded technology companies.
Portfolio companies
People at Industry Ventures (1)
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