DFX Intelligence
Industry Ventures Secondary X, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
Active deploymentFundraising status unknownADV: Other Private Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
15 additional placement agents
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Nothing material in the last 365 days. Last change: 10 Jul 2023, Latest Form D filed on 10 Jul 2023: $1.4B sold of $1.46B offered, 288 investors. A Form D amount is what was sold at the filing, never a final close.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2023basis: form d first sale
- Target
- unknownnot announced
- First close
- unknownnever inferred from a Form D
- Final close
- unknownonly from an announcement or an LP disclosure
- Announced size
- unknown
- Form D offering
- $1.5Bwhat may be sold, not what was raised; file 021-477496, sworn by the adviser or filed under this vehicle
- Form D sold
- $1.4Bas of the filing of Jul 10, 2023, 288 investors
- First sale
- Mar 31, 2023
- Reported GAV
- $1.5Bon the Form ADV filed Mar 28, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 806
- Reported on ADV
- Mar 28, 2024 to Mar 28, 2024
Fundraising evidenceWhat counts as raisingA Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.
Unknown
latest Form D 2023-07-10, older than 15 months (fr-1)
evidence dated Jul 10, 2023.
LifecycleActive deployment
vintage 2 to 4 years
age years: 3first sale: Mar 31, 2023vintage year: 2023adv gav as of: Mar 28, 2024vintage basis: Form d first saleform d sold: $1.4Bform d offering: $1.5Bform d latest filed at: Jul 10, 2023
The fund's own reporting through time
1 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 28, 2024 | Other Private Fund | $1.5B | 806 | $1.0M | 1% | yes |
Principals and agents
2 principals on Form D, 2 placement agents
- Johan D. Swildens Director
- Industry Ventures Management X, LLC Director
- J.P. Morgan Securities LLC placement agent
- Oppenheimer & Co. Inc. placement agent
Service providers
18 named on Form ADV Schedule D and Form D
- AuditorPwC · BOSTON, Massachusetts, United StatesForm ADV filed May 22, 2026 reports.adviserinfo.sec.gov
- AdministratorDYNAMO SOFTWARE, LLC · HOLDEN, Massachusetts, United StatesForm ADV filed May 22, 2026 reports.adviserinfo.sec.gov
- CustodianCITY NATIONAL BANK · SAN FRANCISCO, California, United StatesForm ADV filed May 22, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performanceWhose numbers these areEach row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).
0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
Known LPs and allocatorsWhat these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.
1 relationship, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Cotsen Foundation for the Art of Teaching | FOUNDATION | $1.7M fair value on the foundation's return | reported as of Jun 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
4 events
- Mar 31, 2026Auditor changed: PwC replaced EY, first reported on the Form ADV filed March 31, 2026 (previous filing January 29, 2026)Auditor changed Fact Form ADV
- Mar 28, 2024Industry Ventures Secondary X, L.P. first reported on Form ADV by Industry Ventures, L.L.C. (Other Private Fund), GAV $1,463,270,000Fund first reported on Form ADV Fact Form ADV
- Jul 10, 2023Industry Ventures Secondary X, L.P. filed Form D/A: $1,402,870,000 sold of $1,455,000,000, Venture Capital FundForm D filed Fact Form D
- Mar 30, 2023Industry Ventures Secondary X, L.P. filed Form D: no sales yet of $1,000,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
31 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jul 10, 2023 Fact Form D
- Entity type: Limited Partnership Mar 30, 2023 Fact Form D
- Form D fund type: Venture Capital Fund Jul 10, 2023 Fact Form D
- Form D fund type: Venture Capital Fund Mar 30, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund Jul 10, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund Mar 30, 2023 Fact Form D
- Amendment: true Jul 10, 2023 Fact Form D
- Amendment: false Mar 30, 2023 Fact Form D
- Revenue range (Form D): Decline to Disclose Jul 10, 2023 Fact Form D
- Revenue range (Form D): Decline to Disclose Mar 30, 2023 Fact Form D
- Incorporated: withinFiveYears Jul 10, 2023 Fact Form D
- Incorporated: withinFiveYears Mar 30, 2023 Fact Form D
- Jurisdiction: Delaware Jul 10, 2023 Fact Form D
- Jurisdiction: Delaware Mar 30, 2023 Fact Form D
- Amount sold (Form D): $1.4B Jul 10, 2023 Fact Form D
- Amount sold (Form D): $0 Mar 30, 2023 Fact Form D
- Offering amount (Form D): $1.5B Jul 10, 2023 Fact Form D
- Offering amount (Form D): $1.0B Mar 30, 2023 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Jul 10, 2023 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Mar 30, 2023 Fact Form D
- First sale: 2023-03-31 Jul 10, 2023 Fact Form D
- Investors (Form D): 288 Jul 10, 2023 Fact Form D
- Investors (Form D): 0 Mar 30, 2023 Fact Form D
- Minimum investment (Form D): 0 Jul 10, 2023 Fact Form D
- Minimum investment (Form D): 0 Mar 30, 2023 Fact Form D
- Securities offered: pooled Jul 10, 2023 Fact Form D
- Securities offered: pooled Mar 30, 2023 Fact Form D
- Office address: Jul 10, 2023 Fact Form D
- Office address: Mar 30, 2023 Fact Form D
- Year of incorporation: 2022 Jul 10, 2023 Fact Form D
- Year of incorporation: 2022 Mar 30, 2023 Fact Form D
Relationships across DFX
on 3 other DFX graphs
Across the graphs
Industry Ventures Secondary X, L.P. is the same institution as 3 records in Private Equity, Allocators and RIA and Wealth.
Private Equity1Allocators1RIA and Wealth1
DFX found 3 relationships across 3 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Record history
3 dated events on the change ledger, latest event first
- Fund first reported on ADV2024-03-28source on record
- Form D filed2023-07-10source on record
- Form D filed2023-03-30source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.