NEW YORK, Oct 13 (Reuters) - Goldman Sachs ( GS ) has

agreed to buy Industry Ventures, a leading venture capital firm

that manages $7 billion of assets, in a bid to expand its

services to technology entrepreneurs, it said on Monday.

Industry Ventures has one of the largest portfolios of

venture capital partnerships from the seed stage to late-stage

growth stage in the United States.

Goldman Sachs ( GS ) will pay $665 million in cash and equity at

closing, plus an additional $300 million based on Industry

Ventures' performance through 2030, it said in a statement.

"Industry Ventures pioneered venture secondary investing and

early-stage hybrid funds, areas that are rapidly expanding as

companies stay private longer and investors seek new forms of

liquidity," said Goldman's CEO David Solomon in a statement.

All 45 employees of the firm will join Goldman Sachs ( GS ).

Industry Ventures' founder and CEO Hans Swildens, along with

senior managing directors Justin Burden and Roland Reynolds,

will become partners within Goldman Sachs Asset Management, it

said.