Industry Ventures boosts secondaries team

Industry Ventures has hired an e-commerce start-up founder for its secondaries team, according to a statement.

Amir Malayery joins the San Francisco-based venture capital secondaries firm as vice-president. He is responsible for originating, valuing and helping to manage secondaries investments, according to the firm’s website.

Malayery founded mobile commerce start-up Dapper Shopping and previously worked as a growth equity investor at Summit Partners, where he led investments across the internet, media and technology sectors.

“We expect to see the secondary market expand dramatically in the coming years based on the industry metrics of non-traditional venture investors reaching a 10 year peak this year,” Hans Swildens, chief executive of Industry Ventures, said in the statement. “With the addition of Amir to the Secondary Team, we now have more depth and resources to help companies, funds and corporate venture investors with secondary and liquidity solutions.”

The firm also promoted Ira Simkhovitch to vice-president on its secondaries investment team. Simkhovitch joined Industry Ventures in 2014 and focuses on originating and valuing the firm’s secondaries investments.

Industry Ventures’ latest dedicated secondaries vehicle, Industry Ventures Secondary VII, closed on $425 million in December 2013, with a separate secondaries vehicle, the $200 million Industry Ventures Special Opportunities Fund II, also closing in the same month, according to PEI’s Research and Analytics division.

Industry Ventures was founded in 2000 and manages over $2 billion in capital, according to the statement.