Industry Ventures, a venture capital-focused fund of funds and secondaries specialist, has hired two investment professionals and made five promotions.
The San Francisco-headquartered firm appointed Jonathan Roosevelt as venture partner and Kemper Ahl as business development associate, according to a statement. Roosevelt joins from healthcare, fintech and transportation-focused investment firm Roosevelt Capital where he spent 15 years and was most recently chairman.
Ahl joins from merchant bank Artist Capital where he spent almost four years and focused on client management, due diligence, investor relations and business development.
Roosevelt’s experience as an entrepreneur, direct investor and an executive manager make him “uniquely qualified” and Kemper brings “terrific perspective to the deal sourcing team,” Hans Swildens, Industry Ventures’ chief executive and founder, said in the statement.
The firm also promoted Robert May to managing director, chief operating and compliance officer; Aaron Hinz to vice-president of finance; Lena McNulty to investor relations manager; and Brian Langner – whose focus includes early secondaries deals – to senior associate.
Industry Ventures enlarged its investment team by at least three last year, including the hire of former Goldman Sachs and Bain Capital professionals to its team in August.
The firm held collected $700 million across two funds that invest in secondaries in June, including $500 million for Industry Ventures Secondary VIII.
Founded in 2000, Industry Ventures employs more than 20 professionals manages over $3 billion of institutional capital for secondaries, primary venture fund commitments, direct co-investments and special situation investing, according to the statement.