FormDSignal
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Industry Ventures closes Secondary XI at $1.34B with 428 investors

Fund raise update · Secondaries · Open-ended · SAN FRANCISCO, CA · Form D/A filed 2026-10-16 · sponsor: Industry Ventures

Industry Ventures Secondary XI, L.P., a Delaware secondaries fund, has raised $1.34B from 428 investors as of July 31, 2026. The fund operates under Regulation D exemption 3(c)(7), limiting investors to qualified purchasers and institutional buyers.

$100M+ sold3(c)(7) — qualified purchasersSecondariesFund of funds

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People on the filing

Jody FlawsManager of the Issuer's General Partner
Scott HuffManager of the Issuer's General Partner
Richard RufferManager of the Issuer's General Partner

Signed by Jody Flaws, Manager of the Issuer's General Partner.

Placement agents / sales compensation: Goldman Sachs & Co. LLC; J.P. Morgan Securities LLC; Morgan Stanley Smith Barney LLC

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