Weil is advising Goldman Sachs in its agreement to acquire Industry Ventures, a leading venture capital platform which invests across all stages of the venture capital lifecycle. The transaction consideration will consist of $665 million in consideration payable at closing, and additional contingent consideration of up to $300 million based on Industry Ventures’ future performance through 2030. The transaction is expected to close in the first quarter of 2026, subject to regulatory approval and conditions.

Industry Ventures currently manages $7 billion of assets under supervision and has made more than 1,000 secondary and primary investments since the company’s founding in 2000. The firm has one of the largest portfolios of venture capital partnerships from the seed stage to late-stage growth stage in the United States, representing investments in over 800 venture capital and technology focused funds, and works with over 325 venture capital firms as a value-added limited partner, liquidity solutions provider and co-investment partner. 

The Weil team is led by Private Equity partners Brian Parness and Alexander Miachika and includes Private Equity partner Harvey Eisenberg and associates Cruz Wiles, Ayush Gulati and Katie DePaola; Private Funds partners Jonathon Soler and Kristine Koren and associates John Bradshaw, Nicholas Huang, Jake Pero, Cassandra Xia and Bea Asta; Private Funds Regulatory partners David Wohl and Marc Schubert and counsel Hannah Laurie; Tax partner Devon Bodoh and associates Carlos Parra and Stephanie Galvis; Capital Markets Co-Head Michael Hickey, partner Barbra Broudy and associate Gabriella Leonovicz; Executive Compensation & Benefits partners Jennifer Britz and Sarah Downie and associates Nate Gross and Rustin Armknecht; U.S. Privacy & Cybersecurity Head Olivia Greer; Technology & IP Transactions partner Dennis Adams, counsel Catherine Kim and associates Colleen Seidel and Ashley Tanaka; Employment partner Peter Mee, counsel Thomas Weatherill and associates Heylee Bernstein and Michael Verdichizzi; Real Estate Co-Head Jannelle Seales and associates Karen Luo, Jules Bienenfeld and Brenna Murphy; Antitrust partners Kristin Sanford and Mark Seidman, counsel Michael Naughton and associates Joon Cho, Geneva Hardesty and Katya Dajani; Regulatory Transactions partner Timothy Welch and associate Sisi Liu; Banking & Finance partner Andrew Yoon and associates Blake Pittell and Casper Lu (Not Yet Admitted in New York); Governance, Securities & Reporting partner Steven Bentsianov; Litigation partner Daniel Stein and counsel Michael Taddei; and Corporate associate Kumbi Abere.