AltMountain

Industry Ventures

San Francisco, CA · CRD 156213
Private equity manager

Industry Ventures is an SEC-registered investment adviser based in San Francisco, CA that reports managing 39 private funds on Form ADV, including 24 private equity funds. It reports $9.1 billion in regulatory assets under management. Its private funds hold $9.1 billion in gross assets.

Regulatory assets under management
$9.1 billionForm ADV Item 5.F
Gross assets of private funds
$9.1 billionAll private fund types, Form ADV
Private funds managed
39PE 24 · VC 0 · hedge 0
Employees
31Form ADV Item 5.A
Registration
SEC-registered adviserCRD 156213
Latest Form ADV
09/25/2026Disciplinary disclosures: yes, see SEC record

Private equity funds filing Form D (1)

Fund
First sale
Raised
Investors
Minimum
Offering
Industry Ventures XI Private Investors Offshore, L.P.
George Town, Grand Cayman, Cayman IslandsEmergingOffshore
First saleJul 2026
Raised$20.7M
Investors16
Minimum$50K
Offering506(b)

Matched to this firm by the fund names and related persons in each Form D. The list may be incomplete.

Venture capital funds filing Form D (1)

Fund
First sale
Raised
Investors
Minimum
Offering
Industry Ventures Primary VII - NH, L.P.
San Francisco, CA
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)

Matched to this firm by the fund names and related persons in each Form D. The list may be incomplete.

Private funds reported on Form ADV (30)

Fund
Gross assets
Minimum
Owners
Adviser
Industry Ventures Secondary X, L.P.
Delaware, United StatesPrivate fund
Gross assets$1.5B
Minimum$1.0M
Owners806
AdviserIndustry Ventures, L.L.C.
Industry Ventures Secondary IX, L.P.
Delaware, United StatesPrivate fund
Gross assets$1.1B
Minimum$1.0M
Owners324
AdviserIndustry Ventures, L.L.C.
Industry Ventures Partnership Holdings V, L.P.
Delaware, United StatesVenture capital fund
Gross assets$675M
Minimum$1.0M
Owners190
AdviserIndustry Ventures, L.L.C.
Industry Ventures Partnership Holdings VI, L.P.
Delaware, United StatesVenture capital fund
Gross assets$623M
Minimum$5.0M
Owners362
AdviserIndustry Ventures, L.L.C.
Industry Ventures Secondary VIII, L.P.
Delaware, United StatesPrivate fund
Gross assets$530M
Minimum$1.0M
Owners90
AdviserIndustry Ventures, L.L.C.
Industry Ventures Partnership Holdings IV, L.P.
Delaware, United StatesVenture capital fund
Gross assets$414M
Minimum$1.0M
Owners75
AdviserIndustry Ventures, L.L.C.
Industry Ventures Direct, L.P.
Delaware, United StatesVenture capital fund
Gross assets$390M
Minimum$1.0M
Owners19
AdviserIndustry Ventures, L.L.C.
Industry Ventures Direct III, LP
Delaware, United StatesVenture capital fund
Gross assets$293M
Minimum$1.0M
Owners195
AdviserIndustry Ventures, L.L.C.
Industry Ventures Partnership Holdings III, L.P.
Delaware, United StatesVenture capital fund
Gross assets$273M
Minimum$1.0M
Owners61
AdviserIndustry Ventures, L.L.C.
Industry Ventures Tech Buyout II, LP
Delaware, United StatesVenture capital fund
Gross assets$241M
Minimum$5.0M
Owners227
AdviserIndustry Ventures, L.L.C.
Industry Ventures Direct II, L.P.
Delaware, United StatesVenture capital fund
Gross assets$236M
Minimum$1.0M
Owners5
AdviserIndustry Ventures, L.L.C.
Industry Ventures Secondary VII, L.P.
Delaware, United StatesPrivate fund
Gross assets$181M
Minimum$1.0M
Owners63
AdviserIndustry Ventures, L.L.C.
Industry Ventures Tech Buyout, LP
Delaware, United StatesVenture capital fund
Gross assets$169M
Minimum$1.0M
Owners9
AdviserIndustry Ventures, L.L.C.
Industry Ventures Partnership Holdings II, L.P.
Delaware, United StatesVenture capital fund
Gross assets$113M
Minimum$1.0M
Owners53
AdviserIndustry Ventures, L.L.C.
Industry Ventures Special Opportunities Fund II-B, L.P.
Delaware, United StatesPrivate fund
Gross assets$108M
Minimum$1.5M
Owners1
AdviserIndustry Ventures, L.L.C.
Industry Ventures Special Opportunities Fund II-A, L.P.
Delaware, United StatesPrivate fund
Gross assets$108M
Minimum$1.5M
Owners3
AdviserIndustry Ventures, L.L.C.
Industry Ventures Special Opportunities Fund III-B, L.P.
Delaware, United StatesPrivate fund
Gross assets$99.0M
Minimum$1.0M
Owners1
AdviserIndustry Ventures, L.L.C.
Industry Ventures Special Opportunities Fund III-A, L.P.
Delaware, United StatesPrivate fund
Gross assets$98.9M
Minimum$1.0M
Owners4
AdviserIndustry Ventures, L.L.C.
Industry Ventures Direct II-A, L.P.
Delaware, United StatesVenture capital fund
Gross assets$72.0M
Minimum$1.0M
Owners2
AdviserIndustry Ventures, L.L.C.
Industry Ventures Fund VI, L.P.
Delaware, United StatesPrivate fund
Gross assets$66.1M
Minimum$1.0M
Owners55
AdviserIndustry Ventures, L.L.C.
Industry Ventures Special Opportunities Fund, LP
Delaware, United StatesPrivate fund
Gross assets$64.4M
Minimum$1.5M
Owners1
AdviserIndustry Ventures, L.L.C.
IV Lonestar, L.P.
Delaware, United StatesVenture capital fund
Gross assets$52.7M
MinimumNone set
Owners1
AdviserIndustry Ventures, L.L.C.
IV Nhco Early Stage, L.P.
Delaware, United StatesVenture capital fund
Gross assets$40.6M
MinimumNone set
Owners2
AdviserIndustry Ventures, L.L.C.
Industry Ventures Partnership Holdings III-B, L.P.
Delaware, United StatesVenture capital fund
Gross assets$33.1M
Minimum$1.0M
Owners1
AdviserIndustry Ventures, L.L.C.
IV Arrowhead, L.P.
Delaware, United StatesVenture capital fund
Gross assets$31.0M
MinimumNone set
Owners1
AdviserIndustry Ventures, L.L.C.
Industry Ventures Partnership Holdings II-A, L.P.
Delaware, United StatesVenture capital fund
Gross assets$25.5M
Minimum$200K
Owners11
AdviserIndustry Ventures, L.L.C.
Industry Ventures Partnership Holdings III-C, L.P.
Delaware, United StatesVenture capital fund
Gross assets$24.2M
Minimum$1.0M
Owners1
AdviserIndustry Ventures, L.L.C.
Square 1 Venture 1, L.P.
Delaware, United StatesVenture capital fund
Gross assets$15.1M
Minimum$500K
Owners37
AdviserIndustry Ventures, L.L.C.
Industry Little Hawk Fund I, LP
Delaware, United StatesVenture capital fund
Gross assets$14.0M
Minimum$50K
Owners76
AdviserIndustry Ventures, L.L.C.
Industry Ventures Partnership Holdings III-A, L.P.
Delaware, United StatesVenture capital fund
Gross assets$7.2M
Minimum$1.0M
Owners1
AdviserIndustry Ventures, L.L.C.

As reported in the adviser's Form ADV filed Mar 28, 2024. Funds also listed from Form D are shown above.

From SEC filings. Firm data comes from the SEC's Form ADV data. AltMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures