The Israel Secondary Fund has raised a third investment fund totaling $312 million dollars, ISF announced Monday.
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The investors in the current fundraising include several of Israel's largest institutional investors, such as Migdal Insurance, Altshuler Shaham, Bank Hapoalim, as well as leading institutions, pension funds, endowments and family offices from Europe and the US.
Dror Glass, Managing Partner and Founder of ISF, said that "In recent years, ISF led over 80 secondary transactions in start-up companies and venture funds. The timing of the current fundraising is particularly significant, considering the shifting market trend after a decade of unprecedented growth."
Glass said ISF expects demand for secondary transactions and liquidity to "increase significantly."
Dror also touched on the fund's flexible and efficient investment policy: "We acquire minority shares in private technology companies from founders, employees, and investors. We also acquire venture fund holdings, conduct GP restructurings, and participate in start-up follow-on financing," he explained.
