HomeUSATrueBridge Capital Partners Raises $1.6 Billion Across Five Venture Capital Vehicles

TrueBridge Capital Partners Raises $1.6 Billion Across Five Venture Capital Vehicles

Truebridge Capital

TrueBridge Capital Partners, a Chapel Hill, NC-based venture capital firm, raised $1.6 billion in commitments across five investment vehicles focusing on venture funds and technology companies.

TrueBridge Capital Partners Fund VIII, TrueBridge Seed & Micro-VC II, TrueBridge Direct Fund III, TrueBridge Secondaries I, and TrueBridge Blockchain I, received support from both existing limited partners and new investors, including foundations and endowments, pension funds, family offices, and high-net-worth individuals.

With these closes, the Firm manages more than $7.5 billion in assets.

TrueBridge Capital Partners Fund VIII, L.P.

TrueBridge Capital Partners today announced the close of its eighth venture capital fund of funds, Fund VIII, with $884 million in commitments. Fund VIII will continue this strategy by concentrating commitments in high-performing venture firms while ensuring diversification by sector and vintage.

TrueBridge Seed & Micro-VC II, L.P.

Seed & Micro-VC II held a final close with $189m in total commitments. TrueBridge expanded its strategy into the seed space in 2011 and launched its first dedicated seed & micro-VC fund of funds in 2019. Seed & Micro-VC II represents the firm’s continued commitment to investing in seed and micro-VC managers focused on nurturing companies at the earliest stages of formation.

TrueBridge Direct Fund III, L.P.

Direct Fund III held a final close with $253m in total commitments. Direct Fund III is the firm’s third investment vehicle investing directly in select mid- to late-stage technology companies alongside respected venture managers. TrueBridge began investing directly in companies in 2008 and launched its first dedicated fund in 2015.

TrueBridge Secondaries I, L.P.

TrueBridge launched its first dedicated secondaries fund, Secondaries I, which held a final close at $230m in total commitments. Secondaries I aims to build a blended portfolio of top-performing mid- to late-stage companies and venture fund stakes through the rapidly growing venture secondaries market. Leveraging the Firm’s relationships and knowledge of the venture ecosystem, Secondaries I is poised to capitalize on opportunities within this evolving market.

“The growth of the venture secondaries market is providing limited partners with new and expanded access to high-performing assets with enhanced visibility and potential shorter remaining hold periods in addition to possible discount pricing,” said Andrew Winslow, Partner at TrueBridge Capital. “The launch of our dedicated secondaries fund underscores our commitment to capitalizing on this growing market for limited partners.”

TrueBridge Blockchain I, L.P.

Blockchain I, TrueBridge’s first dedicated blockchain fund, held a final close at $62 million in total commitments. With Blockchain I, TrueBridge aims to curate a blended portfolio of top-performing blockchain-focused venture funds and high-potential companies within the sector. The dedicated fund enables the Firm to capitalize on underlying market momentum while meeting limited partner demand in a complex and evolving sector.

Founded in 2007, TrueBridge Capital Partners is a venture capital firm managing more than $7.5 billion in assets. TrueBridge focuses solely on venture capital, investing in top-performing, access-constrained venture funds focused primarily on early-stage IT, as well as directly in select venture and growth-stage technology companies.

VCWire

14/05/2024