Rhode Island State Investment Commission, Providence, committed up to $15 million to Industry Ventures Partnership Holdings III-C, a sidecar fund, said Shana Autiello, spokeswoman for state Treasurer Seth Magaziner, who oversees the commission.
The original fund, Industry Ventures Partnership Holdings III, is a fund of funds that invests in venture partnerships and early secondary sales of venture capital funds. In June, the commission committed up to $25 million to Industry Ventures Partnership Holdings III.
The investment commission manages the $8.3 billion Rhode Island Employees’ Retirement System, Providence.
