Ibex Investors has closed $87 million for its second secondary fund, expanding its Israel-focused investment platform with a vehicle targeting high-performing, mature Israeli technology companies.
The new vehicle, known as Secondary II, gives Ibex additional capital to pursue secondary investments in established Israeli technology businesses.
Secondary transactions generally provide liquidity to existing shareholders by allowing investors to purchase stakes that are already outstanding rather than investing exclusively through newly issued shares.
For mature startups and private technology companies, these transactions can create liquidity opportunities for founders, employees, and early investors while allowing new institutional investors to gain exposure ahead of a potential exit or public offering.
Ibex described the fund as another component of its broader Israel-focused investment strategy and a continued expression of confidence in the country’s technology ecosystem.
The firm did not disclose individual portfolio companies, target ownership positions, or the expected investment period for Secondary II in the announcement.
It also did not provide details about the fund’s investor base or whether the $87 million represents the vehicle’s final close beyond describing the fundraising as the closing of its second secondary fund.
The new fund expands Ibex’s ability to invest in later-stage Israeli technology companies at a time when private market investors increasingly use secondary transactions to gain exposure to established businesses without waiting for traditional primary financing rounds.
Secondaries can also provide an alternative liquidity mechanism for shareholders in companies remaining private for longer periods.
Ibex’s strategy focuses specifically on companies that have progressed beyond the earliest stages of startup development and have stronger operating track records.
The firm characterized Secondary II as an extension of its existing platform rather than a departure into a new investment category.
The announcement also reflects continued investor interest in Israel’s private technology market despite broader volatility affecting venture capital and growth investing.
By raising a dedicated secondary vehicle, Ibex can selectively acquire stakes in businesses where existing shareholders seek liquidity while continuing to participate in those companies’ potential long-term growth.
The fund increases the capital available to Ibex as it evaluates secondary opportunities across the Israeli technology market.
