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Laxman Pai, Opalesque Asia: TrueBridge Capital Partners, the venture capitalist firm based in Chapel Hill, N.C., announced the closure of its sixth venture capital fund-of-funds with $600 million in limited partner commitments.
With this latest fund, TrueBridge surpasses its previous fund of $450 million and now manages over $3.3 billion in assets.
Investors into TrueBridge Fund VI include new and existing global LPs, including foundations and endowments, pension funds, family offices, as well as high net worth individuals.
"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," aid Mel Williams, co-founder and general partner of TrueBridge.
"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," Mel added.
"Since its founding in 2007, TrueBridge has maintained its strategy of investing in premier, 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," said a press release.
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