The firm focuses on investing in smaller capitalization venture and growth equity funds, particularly in the information technology, life sciences, and communications sectors. It prefers early and growth stage companies in the United States, with investment sizes of less than $250 million for venture capital funds and less than $500 million for growth equity funds. Holding investments for around three years, Industry Little Hawk, LLC was founded in 2006 and operates as a subsidiary of Industry Ventures since September 22, 2009.