Truebridge secures $1.6bn for five different funds

TrueBridge Capital Partners has successfully raised $1.6 billion across five venture capital investment vehicles:

  • TrueBridge Capital Partners Fund VIII secured $884 million to invest in high-performing venture firms, ensuring sector and vintage diversification.
  • TrueBridge Direct Fund III amassed $253 million to directly invest in select mid- to late-stage technology companies alongside respected venture managers.
  • TrueBridge Secondaries I closed with $230 million to build a blended portfolio of top-performing mid- to late-stage companies and venture fund stakes in the rapidly growing venture secondaries market.
  • TrueBridge Seed & Micro-VC II raised $189 million to invest in seed and micro-VC funds.
  • TrueBridge Blockchain I closed with $62 million to create a portfolio of top-performing blockchain-focused venture funds and high-potential companies within the sector.

TrueBridge, based in Chapel Hill, North Carolina, now proudly manages over $7.5 billion in assets.

While TrueBridge has not disclosed its limited partners, notable investors in its eighth fund of funds include the City of Tampa General Employees’ Retirement Fund, Community Foundation of the Chattahoochee Valley, Oklahoma Law Enforcement Retirement System, Oklahoma Police Pension and Retirement System, The Fire and Police Pension Association of Colorado, University of Houston System, and University of New Hampshire Foundation, according to data from Buyouts.

“We are proud to continue our partnerships with high-performing managers and companies that are driving innovation,” said General Partner Edwin Poston. “In the current market, we’ve seen a flight to quality, where only the best founders, ideas, companies, and funds can secure capital.”

TrueBridge is launching its first secondaries and blockchain funds. “The venture secondaries market is giving limited partners new access to high-performing assets with greater visibility and potentially shorter hold periods, alongside possible discount pricing,” Partner Andrew Winslow stated. “Our dedicated secondaries fund highlights our commitment to capitalizing on this growing market for limited partners.”

General Partner Mel Williams commented on the blockchain fund, saying, “We recognized the potential of blockchain technology early on, and this dedicated fund underscores our ongoing commitment to this transformative sector.”

Founded in 2007, TrueBridge focuses exclusively on venture capital, investing in top-performing, access-constrained venture funds primarily targeting early-stage IT, as well as directly in select venture and growth-stage technology companies. “We build portfolios to help partners access opportunities in venture capital through our established commingled funds and customized solutions,” the firm stated.


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