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Private fund adviser · SAN Francisco, CA

Industry Ventures

Xiginvent, L.L.C. · SEC-registered investment adviser · CRD 156213 · SEC 801-74128

At a glance

Industry Ventures is an SEC-registered investment adviser based in SAN Francisco, California, with $9.1 billion in regulatory assets under management as of its Form ADV filed September 25, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 663rd of 4,686 private fund advisers and 1,462nd of 17,210 SEC-registered advisers by assets.

Main office 415-273-4201industryventures.comLinkedInAs filed on Form ADV

Regulatory AUM
$9.1B
Rank among private fund advisers
#663 of 4,686
Rank among all SEC RIAs
#1,462 of 17,210
Rank in California
#152 of 1,873
Clients
40
Accounts
41
Discretionary
100% of AUM
Employees
31
Advisory staff
26
Offices
3

Owners and executives on its Form ADV

Custody and brokerage

Custodian

Industry Ventures’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.

Broker-dealer

Hybrid RIA

Industry Ventures is a hybrid RIA: 3 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Folio Investments, Inc., Goldman Sachs & Co. LLC, Goldman Sachs (asia) Finance, Goldman Sachs (asia) L.L.C., Goldman Sachs (asia) Securities Limited, Goldman Sachs (china) Securities Company Limited, Goldman Sachs (india) Capital Markets Private Limited, Goldman Sachs (india) Securities Private Limited, Goldman Sachs (singapore) PTE., Goldman Sachs Asset Management (singapore) PTE. LTD., Goldman Sachs Asset Management Australia PTY LTD, Goldman Sachs Asset Management Co., LTD., Goldman Sachs Australia PTY LTD, Goldman Sachs Bank AG, Goldman Sachs Bank Europe SE, Goldman Sachs Beleggersgiro B.V., Goldman Sachs Canada Inc, Goldman Sachs DO Brasil Corretora De Titulos E Valores Mobiliarios S/a, Goldman Sachs Financial Markets PTY LTD, Goldman Sachs Financial Markets, L.P., Goldman Sachs Futures (shenzen) Co., LTD., Goldman Sachs Futures PTE LTD, Goldman Sachs International, Goldman Sachs International Bank, Goldman Sachs Investments (mauritius) I Limited, Goldman Sachs Japan Co., LTD., Goldman Sachs Mexico, Casa De Bolsa, S.A. De C.V., Goldman Sachs New Zealand Limited, Goldman Sachs Paris Inc. ET CIE, Goldman Sachs Saudi Arabia, J. Aron & Company LLC and Mercer Allied Company, L.P..

Other hybrid RIAs

Who it serves

Client typeClientsRegulatory AUMShare
Pooled investment vehicles40$9.1B100%

Private funds

Industry Ventures reports 39 private funds with $9.1B in gross assets: private equity funds, other private funds (Form ADV Item 7.B).

Disciplinary disclosures

Industry Ventures answers yes to 27 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗

Services

  • Portfolio management for pooled investment vehicles
  • Portfolio management for businesses and institutions
  • Selecting other advisers

How it’s paid

  • A percentage of assets under management
  • Other

Form ADV and brochures on the SEC’s adviser search ↗industryventures.com ↗

AtlasMembers

The full record on Industry Ventures

Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.

Assets, accounts, clients and staff, ten years of filings
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Growth over one, three and five years
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Rank against 1,033 peers of its type and size
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Owners and executives, with titles and stakes
6 namedLocked
Main office, fax and compliance officer
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Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.

Background

Questions

How much does Industry Ventures manage?

Industry Ventures reports $9.1 billion in regulatory assets under management across 41 accounts, 100% of it on a discretionary basis, on its Form ADV filed September 25, 2026.

What kind of firm is Industry Ventures?

Industry Ventures is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets. It reports a bank or thrift among its related persons. A public reporting company controls it.

Who are Industry Ventures’s clients?

By assets, its largest client types are pooled investment vehicles ($9.1 billion, 40 clients).

Does Industry Ventures manage private funds?

Yes. It reports 39 private funds with $9.1 billion in gross assets, including private equity funds, other private funds.

Does Industry Ventures have any disciplinary history?

Industry Ventures answers yes to 27 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.

Where these numbers come from

Every figure is Industry Ventures’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-25), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.

Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →