Israel Secondary Funds Raises First $70M For New Fund

February 17, 2016 | Investment vehicle Israel Secondary Funds has raised the first tranche of capital for its second fund that will invest in venture capital and private equity funds as well as directly in companies. ISF didn’t say how much it has raised for ISF II, but that amount is estimated to be $70 million of its $100 million target, with most of the capital coming from Israeli institutions, family investment offices and private investors. “Companies today are staying private for longer to build a significantly bigger business before they go public or stage an exit,” fund Co-Founder Dror Glass said in a statement. “As a result, there’s a growing need by entrepreneurs and investors for liquidity in the years before an exit.”