TrueBridge Capital Closes its Sixth Venture Capital Fund-of-Funds at $600 Million
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TrueBridge Capital Closes its Sixth Venture Capital Fund-of-Funds at $600 Million

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TrueBridge Capital Closes its Sixth Venture Capital Fund-of-Funds at $600 Million

CEO Insights team, 0

TrueBridge Capital Partners, the venture capital investment firm, closes its sixth venture capital fund-of-funds, TrueBridge Capital Partners Fund VI, L.P. (Fund VI) with $600 million in limited partner commitments. The new fund surpasses its previous fund of $450 million, and brings the total assets under management to $3.3 billion.

“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,” says Mel Williams, Co-Founder & General Partner, TrueBridge Capital Partners.

TrueBridge’s strategy since its inception has been to invest in premier, access-constrained venture capital managers primarily focused on early-stage technology companies, while also investing directly in some of the best-performing tech startups alongside select managers. In the past few years, this venture capital firm has established a platform of complementary venture capital strategies to support its primary fund investment strategy, which includes the successful launches of TrueBridge Direct Funds I and II as well as investing in leading seed and micro VC managers.

Its new fund-of-funds has received strong support from new and existing limited partners worldwide, which includes foundations and endowments, pension funds, family offices, and high net worth individuals.

Geoff Ralston, President of Y Combinator, says, “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.”