- TrueBridge Capital Partners has announced the closing of its sixth venture capital fund-of-funds TrueBridge Capital Partners Fund VI, L.P. with $600 million in limited partner commitments
TrueBridge Capital Partners has announced the closing of its sixth venture capital fund-of-funds TrueBridge Capital Partners Fund VI, L.P. with $600 million in limited partner commitments. And with this latest fund, TrueBridge surpasses its previous fund of $450 million.
TrueBridge Fund VI had received strong support from new and existing limited partners worldwide, including foundations and endowments, pension funds, family offices, and high net worth individuals. Now the firm manages over $3.3 billion in assets.
Since launching in 2007, TrueBridge has maintained its strategy of investing in premier and access-constrained venture capital managers primarily focused on early-stage technology companies as well as directly investing in some of the best-performing tech startups alongside select managers. And over the past several years, TrueBridge established a platform of complementary venture capital strategies to support its primary fund investment strategy, including the launches of TrueBridge Direct Funds I and II as well as investing in leading seed and micro VC managers.
Key Quotes:
“Today’s global economic environment is one with a truly unprecedented level of uncertainty. Now more than ever, there is a tremendous need and opportunity to connect venture capitalists and entrepreneurs as they pioneer new technologies to better navigate our evolving world. We are grateful and humbled by the support of our longstanding and new limited partners, which will enable us to continue to deliver resources to leading venture capitalists as they catalyze innovation with the most transformative companies in the world.”
— Mel Williams, co-founder and general partner of TrueBridge
“We have come to appreciate first-hand TrueBridge’s strong value proposition and its appeal to venture investors seeking a thoughtful and long-term oriented partner. Investing in new and disruptive technologies is more important than ever, and TrueBridge’s partnership enables us to continue funding innovative companies and driving positive change across all economic cycles.”
— Geoff Ralston, President of Y Combinator
