Industry Ventures is one of the largest players in the VC secondary market, where shares of startups are bought and sold. Industry Ventures, a pioneer in the venture capital secondary market where shares of startups are bought and sold, has raised $1.4 billion for its latest flagship secondary fund, according to an SEC filing. The last time the industry saw a fund of this size was when StepStone Group closed its $2.3 billion secondary fund in 2021. "Everyone is gonna have to have a secondary strategy," said Ken Sawyer, co-founder of Saints Capital, another major player in the VC secondary market. This latest fundraise by Industry, which is backed by Goldman Sachs Asset Management among others, could be a sign of increased interest in the VC secondary market.

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Persons: Industry Venture's, Ken Sawyer, Sawyer Organizations: Industry Ventures, Industry, SEC, StepStone Group, titans, Insight Partners, Tiger Global, Saints Capital, Goldman Sachs, Management