Industry Ventures hires secondaries VP

Lindsay Sharma has joined the San Francisco-based venture capital firm from financial software company Intuit.

Industry Ventures has hired Lindsay Sharma as a vice president on its secondaries investment team, according to a statement.

Lindsay Sharma
Lindsay Sharma

Sharma joined Industry Ventures today to focus on secondaries investments in the software sector, according to founder and chief executive officer Hans Swildens. Sharma previously worked as a principal at financial software company Intuit and as an associate at Boston-based private equity firm Great Hill Partners. She began her career as an investment banking analyst at Bear Sterns in New York.

San Francisco-based Industry Ventures is currently investing its seventh direct secondaries fund, which is its largest to date. The firm has deployed about 15 percent of Fund VII, Swildens told Secondaries Investor last week. Fund VII closed on $425 million last year, alongside a special opportunities fund that raised an additional $200 million for larger secondaries transactions.

About two thirds of Fund VII will be deployed in direct secondaries investments and one third will be used to purchase various venture capital fund stakes. Previous direct secondaries investments include Facebook and Twitter, according to the firm’s website. The firm has previously acquired LP interests in funds managed by Kreos Capital and DFJ.

Industry Ventures also makes primary commitments and direct co-investments in the venture capital market. The firm was founded in 2000 by Swildens.