TLDR:
– TrueBridge Capital Partners has raised $1.6 billion across five investment vehicles focusing on venture funds and technology companies.
– The firm now manages over $7.5 billion in assets.
TrueBridge Capital Partners recently announced that it has raised $1.6 billion in commitments across five investment vehicles that are focused on venture funds and technology companies. These investment vehicles include TrueBridge Capital Partners Fund VIII, TrueBridge Seed & Micro-VC II, TrueBridge Direct Fund III, TrueBridge Secondaries I, and TrueBridge Blockchain I. The funds received support from both existing limited partners and new investors such as foundations, endowments, pension funds, family offices, and high-net-worth individuals. With these recent closes, the firm’s total assets under management have surpassed $7.5 billion.
Among the five investment vehicles, TrueBridge Capital Partners Fund VIII saw the highest commitments with $884 million. This fund exceeded its fundraising target with support from both new and existing investors. The firm has a disciplined strategy of investing in top-performing, access-constrained venture capital firms that focus primarily on early-stage technology companies. The firm’s focus remains on diversification by sector and vintage while concentrating commitments on high-performing venture firms.
TrueBridge also expanded its strategy into the seed space with the launch of TrueBridge Seed & Micro-VC II, which held a final close with $189 million. TrueBridge Direct Fund III, the firm’s third investment vehicle investing directly in mid- to late-stage technology companies, closed at $253 million. The firm’s first dedicated secondaries fund, Secondaries I, closed at $230 million. Additionally, TrueBridge’s first dedicated blockchain fund, Blockchain I, closed at $62 million in total commitments.
Overall, TrueBridge Capital Partners has a strong focus on investing solely in venture capital opportunities. The firm has deepened its platform of venture capital opportunities over the past decade, establishing funds to support both access-constrained venture capital managers and direct investments in high-performing tech startups alongside select managers.
