# Industry Ventures Raises $1.7B for Secondary Fund

> Industry Ventures' secondaries fund secures $1.7 billion in commitments as private market liquidity demand grows.
- Title: Industry Ventures Raises $1.7B for Secondary Fund · Dealroom
- Summary: Industry Ventures' secondaries fund secures $1.7 billion in commitments as private market liquidity demand grows. Industry Ventures Secondary XI has raised…
- Keywords: industry ventures, secondary xi, private market liquidity, venture secondaries, south carolina retirement system, goldman sachs, startups, business, Industry, Ventures, Raises, Secondary
- Source: Dealroom — https://dealroom.co/news/164553-industry-ventures-secondaries-fund-tops-1-7b-in-commitments
- Published: 2026-10-21T04:24:47+00:00
- Read time: 1 min
- Topics: industry ventures, secondary xi, private market liquidity, venture secondaries, south carolina retirement system, goldman sachs, startups, business
## What's the deal?
Industry Ventures has raised more than $1.7 billion for Industry Ventures Secondary XI, a fund buying stakes in private companies and venture funds to help investors generate liquidity.
## Who's backing it?
The South Carolina Retirement System committed $150 million in July, making this raise more than eight times larger than its 2023-vintage predecessor which closed with $212 million.
## Why now?
Venture secondaries are drawing institutional money as traditional exits like IPOs and acquisitions stay scarce, with investors turning to the secondary market to sell holdings and free up cash.
## Key takeaway

Industry Ventures Secondary XI has raised over $1.7 billion in commitments, signaling strong institutional interest in private market liquidity when traditional exits remain scarce.