San Francisco, Calif. — Industry Ventures, a company that focuses on venture capital and technology growth equity, closed their Fund VI Monday — a $400 million secondary fund that focuses on providing liquidity alternatives for growth equity and venture capital investments.

Founded in 2000, the firm has invested in a number of companies, including Facebook, Pandora, Twitter,, Chegg and others.

With the new fund, Industry Ventures plans to address liquidity needs for investors, employees and founders across the lifecycle of a venture capital, or helping them cash out before an exit event.

“The broader VC ecosystem has undergone a significant shift as structural changes impacted the ability for sub-$100 million revenue VC-backed companies to access the public markets, while simultaneously there are hundreds of VC funds that are at the end of their 10-year term or extension period,” said Hans Swildens, managing director and founder of Industry Ventures, according to TechCrunch.

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