TEL AVIV, April 3 Israel Secondary Fund (ISF)
said on Monday it has raised $100 million for its second fund,
ISF II, from Israeli and foreign institutions and family
Investors include Israeli investment houses Halman-Aldubi,
Altshuler Shaham and IBI and Bank Hapoalim.
The new fund has completed four investments.
ISF is a secondary fund that acquires positions in Israeli
funds and minority holdings in private companies from investors,
founders and other shareholders, providing liquidity to the
venture capital and private equity market.
Over $30 billion have been invested in Israeli funds and
tech firms in the last decade, ISF managing partner Dror Glass
"A large portion of today's companies stay private for
longer periods, and build significant business activity before
going public or being acquired," he said. "Therefore, there is a
growing need by entrepreneurs and investors for liquidity in the
years preceding an exit."
(Reporting by Tova Cohen)