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Bailey McCann, Opalesque New York:

TrueBridge Capital Partners, a venture capital investment firm, has raised $1.6 billion in commitments across five investment vehicles focusing on venture funds and technology companies: TrueBridge Capital Partners Fund VIII, TrueBridge Seed & Micro-VC II, TrueBridge Direct Fund III, TrueBridge Secondaries I, and TrueBridge Blockchain I.

"Amid current market conditions, we have seen a flight to quality across venture, where only the best founders, ideas, companies, and funds have the ability to raise capital," said Edwin Poston, General Partner at TrueBridge Capital.

TrueBridge Capital Partners Fund VIII closed on $884 million. The fund beat its target and was oversubscribed.

TrueBridge Seed & Micro-VC II closed on $189 million. TrueBridge expanded its strategy into the seed space in 2011 and launched its first dedicated seed & micro-VC fund of funds in 2019. Fund II will build on that strategy investing in seed and micro-VC managers focused on nurturing companies at the earliest stages of formation.

TrueBridge Direct Fund III closed on $253 million. Direct Fund III is the firm's third investment vehicle investing directly in select mid- to late-stage technology companies alongside respected venture managers. TrueBridge began investing directly in companies in 2008 and launched its first dedicated fund in 2015.

TrueBridge Secondaries I closed on $230 million. Secondaries I aims to build a blended portfolio of top-......................

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