DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Industry Ventures
Asset manager (funds and pooled vehicles)San Francisco, CaliforniaCRD 156213SEC 801-74128websiteIAPD
Legal name Xiginvent, L.L.C.
Latest filing May 22, 2026
First filing on the tape Feb 14, 2012 · 36 filings
SEC status approved since Apr 16, 2012
RAUM
$9.1B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
31
26 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
39
reported on Schedule D
History
36 filings and snapshots on the tape
RAUM$9.1B as of May 22, 2026
Mar 25, 2013$1.1B then
HNW client RAUM$0 as of May 22, 2026
Mar 31, 2026$0 then
State-registered IARs (5.B.3)0 as of May 22, 2026
Mar 25, 20130 then
Employees (5.A)31 as of May 22, 2026
Mar 25, 201315 then
Private funds39 as of May 22, 2026
Mar 25, 20138 then
RAUM +8.4% over the last fiscal year+12% a year over threeIARs 3 to 0offices 3 to 2
Practice profile
derived from the filing of May 22, 2026; every figure names its basis
- RAUM per advisor
- unknownderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $221MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +8.4%derivedbetween the last two annual amendments
- Advisor growth, one year
- -100%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, otherreportedItem 5.E
- Advisory activities
- portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$9.1B100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 41reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=true bd_reps=3.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
35 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Industry Ventures Secondary X, L.P. | Other Private Fund | $1.5B | 806 | Mar 28, 2024 |
| Industry Ventures Secondary Ix, L.P. | Other Private Fund | $1.1B | 324 | Mar 31, 2021 |
| Industry Ventures Partnership Holdings V, L.P. | Venture Capital Fund | $675M | 190 | Mar 27, 2019 |
| Industry Ventures Partnership Holdings Vi, L.P. | Venture Capital Fund | $623M | 362 | Mar 30, 2022 |
| Industry Ventures Secondary Viii, L.P. | Other Private Fund | $530M | 90 | Mar 13, 2017 |
| Industry Ventures Partnership Holdings IV, L.P. | Venture Capital Fund | $414M | 75 | Mar 13, 2017 |
| Industry Ventures Direct, L.P. | Venture Capital Fund | $390M | 19 | Mar 13, 2017 |
| Industry Ventures Direct III, LP | Venture Capital Fund | $293M | 195 | Mar 30, 2022 |
| Industry Ventures Partnership Holdings III, L.P. | Venture Capital Fund | $273M | 61 | Mar 27, 2014 |
| Industry Ventures Tech Buyout II, LP | Venture Capital Fund | $241M | 227 | Mar 30, 2022 |
| Industry Ventures Direct II, L.P. | Venture Capital Fund | $236M | 5 | Mar 27, 2020 |
| Industry Ventures Secondary Vii, L.P. | Other Private Fund | $181M | 63 | Mar 27, 2014 |
| Industry Ventures Tech Buyout, LP | Venture Capital Fund | $169M | 9 | Mar 27, 2019 |
| Industry Ventures Partnership Holdings II, L.P. | Venture Capital Fund | $113M | 53 | Feb 14, 2012 |
| Industry Ventures Special Opportunities Fund II-B, L.P. | Other Private Fund | $108M | 1 | Mar 27, 2014 |
| Industry Ventures Special Opportunities Fund II-A, L.P. | Other Private Fund | $108M | 3 | Mar 27, 2014 |
| Industry Ventures Special Opportunities Fund III-B, L.P. | Other Private Fund | $99.0M | 1 | Mar 13, 2017 |
| Industry Ventures Special Opportunities Fund III-A, L.P. | Other Private Fund | $98.9M | 4 | Mar 13, 2017 |
| Industry Ventures Direct II-A, L.P. | Venture Capital Fund | $72.0M | 2 | Mar 27, 2020 |
| Industry Ventures Fund Vi, L.P. | Other Private Fund | $66.1M | 55 | Feb 14, 2012 |
| Industry Ventures Special Opportunities Fund, LP | Other Private Fund | $64.4M | 1 | Feb 14, 2012 |
| IV Lonestar, L.P. | Venture Capital Fund | $52.7M | 1 | Mar 30, 2022 |
| IV Nhco Early Stage, L.P. | Venture Capital Fund | $40.6M | 2 | Mar 29, 2023 |
| Industry Ventures Partnership Holdings III-B, L.P. | Venture Capital Fund | $33.1M | 1 | Mar 27, 2014 |
| IV Arrowhead, L.P. | Venture Capital Fund | $31.0M | 1 | Mar 29, 2023 |
| Industry Ventures Partnership Holdings II-A, L.P. | Venture Capital Fund | $25.5M | 11 | Feb 14, 2012 |
| Industry Ventures Partnership Holdings III-C, L.P. | Venture Capital Fund | $24.2M | 1 | Mar 15, 2016 |
| Industry Ventures Fund V, L.P. | Other Private Fund | $18.8M | 52 | Feb 14, 2012 |
| Industry Europe, LLCno longer reported | Other Private Fund | $18.1M | 1 | Mar 27, 2014 |
| Square 1 Venture 1, L.P. | Venture Capital Fund | $15.1M | 37 | Mar 30, 2012 |
| Industry Little Hawk Fund I, LP | Venture Capital Fund | $14.0M | 76 | Feb 14, 2012 |
| Industry Ventures Fund IV, L.P.no longer reported | Other Private Fund | $12.7M | 54 | Feb 14, 2012 |
| Industry Ventures Fund V-A, L.P.no longer reported | Venture Capital Fund | $12.5M | 13 | Feb 14, 2012 |
| Industry Ventures Acquisition Fund, L.P.no longer reported | Other Private Fund | $10.3M | 6 | Feb 14, 2012 |
| Industry Ventures Partnership Holdings III-A, L.P. | Venture Capital Fund | $7.2M | 1 | Mar 27, 2014 |
Owners and control persons
Schedule A and B, latest filing
- Gardner Justin Burden · Managing Directorcontrolsince 01/2004 · owns less than 5%
- Patrick Joseph III Hanson · Chief Compliance Officer & Chief Administrative Officercontrolsince 11/2021 · owns less than 5%
- Christopher Aaron Hinz · Chief Financial Officercontrolsince 01/2019 · owns less than 5%
- Robert Geoffrey Lemieux · Managing Directorcontrolsince 03/2022 · owns less than 5%
- David Aghaee Amir Malayery · Managing Directorcontrolsince 01/2020 · owns less than 5%
- Roland Richard Reynolds · Managing Directorcontrolsince 09/2009 · owns less than 5%
- Jonathan Roosevelt · Managing Directorcontrolsince 10/2019 · owns less than 5%
- Elizabeth Lindsay Sharma · Managing Directorcontrolsince 01/2019 · owns less than 5%
- Hsu Ira Simkhovitch · Managing Directorcontrolsince 01/2020 · owns less than 5%
- Douwe Johan Swildens · Trustee, Founder & Managing Directorcontrolsince 10/1999 · owns less than 5%
- Douwe Johan Swildens · Managing Membercontrolsince 04/2019 · owns 75% or more of Industry Ventures Gp Holdings, L.L.C.
- Douwe Johan Swildens · Managing Membercontrolsince 04/2019 · owns 75% or more of Industry Ventures Management Holdings, L.P.
Entity owners
- Industry Ventures Management Holdings, L.P. · Memberdirect · owns 75% or more
- Industry Ventures Gp Holdings, L.L.C. · General Partnerindirect · owns F of Industry Ventures Management Holdings, L.P.
Related persons
Schedule D 7.A
- Industry Little Hawk Gp, L.L.C.pooled vehicle sponsorn
- Industry Ventures Direct Gp, LLCpooled vehicle sponsorn
- Industry Ventures Management Ix, LLCpooled vehicle sponsorn
- Industry Ventures Management Vi, L.L.C.pooled vehicle sponsorn
- Industry Ventures Management Vii, LLCpooled vehicle sponsorn
- Industry Ventures Management Viii, LLCpooled vehicle sponsorn
- Industry Ventures Management X, LLCpooled vehicle sponsorn
- Industry Ventures Partnership Holdings II Gp, L.L.C.pooled vehicle sponsorn
- IV Arrowhead Gp, LLCpooled vehicle sponsorn
- IV Direct II Gp, LLCpooled vehicle sponsorn
- IV Direct III Gp, LLCpooled vehicle sponsorn
- IV Lonestar Gp, LLCpooled vehicle sponsorn
- IV Nhco Early Stage Gp, LLCpooled vehicle sponsorn
- IV Tech Buyout Gp, LLCpooled vehicle sponsorn
- IV Tech Buyout II Gp, LLCpooled vehicle sponsorn
- Ivph III Gp, LLCpooled vehicle sponsorn
- Ivph IV, Gp LLCpooled vehicle sponsorn
- Ivph V Gp, LLCpooled vehicle sponsorn
- Ivph Vi Gp, LLCpooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
- Alexandria, VA5 employees
- London, United Kingdom1 employees
- Boston, MA
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- employee count dropChange between filings · filing Apr 22, 2026employees (Item 5.A) moved from 45.0 to 31.0 (-31.0%) between the annual amendments of 2025-03-28 and 2026-04-22; the peer median change was +3.0% (595 comparable advisers, 1.0th percentile of changes)peers: asset managers, $5B to $20B (595) · 1.3% percentile
What changed
consecutive filings, newest first
- Discretionary RAUM · $9.0B to $9.1BMar 31, 2026 to Apr 22, 2026
- Pooled vehicle RAUM · $9.0B to $9.1BMar 31, 2026 to Apr 22, 2026
- RAUM · $9.0B to $9.1BMar 31, 2026 to Apr 22, 2026
- Accounts · 37 to 41Jan 29, 2026 to Mar 31, 2026
- Advisory employees · 27 to 26Jan 29, 2026 to Mar 31, 2026
- Advisory activities · 2 to 3Jan 29, 2026 to Mar 31, 2026
- Business name · INDUSTRY VENTURES, L.L.C. to INDUSTRY VENTURESJan 29, 2026 to Mar 31, 2026
- Pooled vehicle clients · 37 to 40Jan 29, 2026 to Mar 31, 2026
- Employees · 45 to 31Jan 29, 2026 to Mar 31, 2026
- Financial planning clients · to 0Jan 29, 2026 to Mar 31, 2026
- State-registered IARs · 3 to 0Jan 29, 2026 to Mar 31, 2026
- Private funds · 36 to 39Jan 29, 2026 to Mar 31, 2026
- Discretionary RAUM · $8.4B to $9.0BJan 29, 2026 to Mar 31, 2026
- HNW RAUM · unset to 0.0Jan 29, 2026 to Mar 31, 2026
- Individual RAUM · unset to 0.0Jan 29, 2026 to Mar 31, 2026
- Pension RAUM · unset to 0.0Jan 29, 2026 to Mar 31, 2026
- Pooled vehicle RAUM · $8.4B to $9.0BJan 29, 2026 to Mar 31, 2026
- RAUM · $8.4B to $9.0BJan 29, 2026 to Mar 31, 2026
- Related adviser · false to trueJan 29, 2026 to Mar 31, 2026
- Related bank · false to trueJan 29, 2026 to Mar 31, 2026
- Related broker-dealer · false to trueJan 29, 2026 to Mar 31, 2026
- Legal name · INDUSTRY VENTURES, L.L.C. to XIGINVENT, L.L.C.May 27, 2025 to Jan 29, 2026
- Financial planning clients · unset to Mar 28, 2025 to May 27, 2025
- Other offices · 3 to 2Mar 28, 2025 to May 27, 2025
- Discretionary RAUM · $8.4B to $8.4BMar 28, 2025 to May 27, 2025
- Pooled vehicle RAUM · $8.4B to $8.4BMar 28, 2025 to May 27, 2025
- RAUM · $8.4B to $8.4BMar 28, 2025 to May 27, 2025
- Accounts · 30 to 37Mar 28, 2024 to Mar 28, 2025
- Advisory employees · 24 to 27Mar 28, 2024 to Mar 28, 2025
- BD registered reps · 0 to 3Mar 28, 2024 to Mar 28, 2025
- Pooled vehicle clients · 30 to 37Mar 28, 2024 to Mar 28, 2025
- Employees · 42 to 45Mar 28, 2024 to Mar 28, 2025
- State-registered IARs · 0 to 3Mar 28, 2024 to Mar 28, 2025
- Private funds · 30 to 36Mar 28, 2024 to Mar 28, 2025
- Discretionary RAUM · $7.5B to $8.4BMar 28, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $7.5B to $8.4BMar 28, 2024 to Mar 28, 2025
- RAUM · $7.5B to $8.4BMar 28, 2024 to Mar 28, 2025
- Employees · 40 to 42Aug 29, 2023 to Mar 28, 2024
- Other offices · 2 to 3Aug 29, 2023 to Mar 28, 2024
- Discretionary RAUM · $6.5B to $7.5BAug 29, 2023 to Mar 28, 2024
Signals
12 dated events
- Huntington Robert May (Chief Operating Officer) no longer on Schedule A of Industry Ventures (listed 2022-11-04, absent 2023-03-29)Mar 29, 2023 · Control person left · inference
- Industry Ventures reported RAUM $6.8B, up 54% from $4.4B (2021-11-30 to 2022-03-30)Mar 30, 2022 · RAUM change · derived
- Robert Geoffrey Lemieux (Managing Director) appeared on Schedule A of Industry VenturesMar 30, 2022 · Control person joined · fact
- Patrick Joseph Iii Hanson (Chief Compliance Officer & Chief Administration Officer) appeared on Schedule A of Industry VenturesNov 30, 2021 · Control person joined · fact
- Industry Ventures reported RAUM $4.4B, up 26% from $3.5B (2020-10-02 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
- Jonathan Roosevelt (Managing Director) appeared on Schedule A of Industry VenturesMar 31, 2021 · Control person joined · fact
- David Aghaee Amir Malayery (Managing Director) appeared on Schedule A of Industry VenturesMar 31, 2021 · Control person joined · fact
- Hsu Ira Simkhovitch (Managing Director) appeared on Schedule A of Industry VenturesMar 31, 2021 · Control person joined · fact
- S Victor Hwang (Managing Director) no longer on Schedule A of Industry Ventures (listed 2019-10-17, absent 2020-03-27)Mar 27, 2020 · Control person left · inference
- Carroll Kenneth Wallace (Managing Director) no longer on Schedule A of Industry Ventures (listed 2019-10-17, absent 2020-03-27)Mar 27, 2020 · Control person left · inference
- Elizabeth Lindsay Sharma (Managing Director) appeared on Schedule A of Industry VenturesMar 27, 2019 · Control person joined · fact
- Christopher Aaron Hinz (Chief Financial Officer) appeared on Schedule A of Industry VenturesMar 27, 2019 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
- Industry Ventures · Independent Sponsorsshared crd · capital_provider
- Industry Ventures · Private Equityshared crd · organization
- Industry Ventures, L.L.C. · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/industry-venturesreportedpublic record, Form ADV, Sep 18, 2026
- Website
- am.gs.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 415-273-4201reportedpublic record, Form ADV, May 22, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026