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TrueBridge raises $1.6bn across five VC investment vehicles

Venture capital investment firm TrueBridge Capital Partners has raised $1.6bn in capital commitments across five investment vehicles focusing on investments in other venture capital funds and technology companies.

According to a press statement, the vehicles – TrueBridge Capital Partners Fund VIII, TrueBridge Seed & Micro-VC II, TrueBridge Direct Fund III, TrueBridge Secondaries I and TrueBridge Blockchain I – attracted support from both existing limited partners and new investors, including foundations and endowments, pension funds, family offices and high-net-worth individuals. With these fundraisings, TrueBridge now manages more than $7.5bn in assets.

TrueBridge Capital Partners Fund VIII, which will focus on investments in early-stage tech companies, closed with $884m in commitments, surpassing its fundraising target, while Seed & Micro-VC II held a final close with $189m in total commitments to invest in seed and micro-VC managers focused on early-stage companies.

Direct Fund III, the firm’s third investment vehicle focused on mid- to late-stage technology companies, held a final close with $253m in total commitments, while TrueBridge’s secondaries fund, Secondaries I, closed with $230m in total commitments.

Blockchain I, TrueBridge’s first blockchain fund, held a final close at $62m to invest in blockchain-focused venture funds and companies within the sector.

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