Israel Secondary Fund (ISF) of Herzliya has completed the closing of ISF II, a $100 million secondary fund that provides liquidity to the private equity and venture capital market in Israel through purchasing interests in funds and direct holdings in private companies.

Investors in ISF II include Israeli and global institutional, family and individual investors including Halman Aldubi, Altshuler Shaham, Poalim Capital Markets and Union Bank of Israel. ISF II has already completed four investments from the new fund.

ISF II follows ISF I, which acquired interests in over 100 private companies and funds and realized 35 exits since 2009, including the acquisitions of Waze by Google, PrimeSense by Apple, Altair Semiconductor by Sony and SuperDimension by Covidien; the IPOs of SolarEdge Technologies and Enzymotec; and the sale of WorkLight to IBM and RedBend Software to Harman.

“Over $30 billion has been invested in Israeli funds and technology companies in the last decade. A large portion of today’s companies stay private for longer periods, and build significant business activity before going public or being acquired,” said ISF Founding Managing Partner Dror Glass.

“Therefore, there is a growing need by entrepreneurs and investors for liquidity in the years preceding an exit. ISF aims to become the preferred liquidity provider for entrepreneurs, executives and investors in Israel and to be a long-term financial partner for the companies and funds in which ISF invests.”