Israel Secondary Fund, a Tel Aviv, Israel based venture capital firm, raised its 3rd secondary fund, totaling USD312m.
The investors who participated 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 U.S.A.
ISF is a technology-focused secondary fund headed by Dror Glass, Nir Linchevski, and Eva Hubsman. The firm acts as a liquidity provider in the inefficient private technology market. It performs quick and creative transactions to acquire holdings in private companies or venture capital funds. It targets entrepreneurs, investors, employees, and employees with options and shares in companies and limited stakes in funds. ISF invested directly in over 220 companies. Its portfolio contains many successful funds, including Myheritage. Aidoc. WSC. Innovid. Valens. Pixellot. Earnix. Verbit. Arbe. Yotpo. Waze. Glilot. Vertex. Coralogix. Solaredge.
In 2017, the firm raised its 2nd fund of 100 million dollars and currently manages over half a billion dollars focused on secondary transactions in the Israeli technology market.