TrueBridge Capital Partners TrueBridge Capital Partners is a boutique alternative asset investment firm uniquely focused on venture funds and direct investments in emerging technology companies. The firm was founded in 2007 by Mel Williams and Edwin Poston, formerly of the UNC-Chapel Hill Management Company and Rockefeller Foundation , respectively. The firm invests primarily in top-quartile US venture managers focused on software and IT, and allocates a small portion of capital under management to seed-stage funds and emerging venture managers. The firm also invests directly in mid-stage technology companies , often co-investing alongside its fund managers . TrueBridge also publishes independent research reports , including an annual market analysis on the state of the venture capital industry.Limited Partners Among TrueBridge Capital's investors are institutional investors , including large state and corporate pension funds , foundations, university endowments , family offices and high-net-worth individuals . In addition, over 150 active venture capitalists have personally invested in TrueBridge funds, many of whom have ties to TrueBridge's historical education partner, the Kauffman Fellows Program .Collaboration with Forbes partners with TrueBridge annually to rank the top venture capitalists for the Forbes Midas List , as it has each year from 2011 through 2016. Since 2015, TrueBridge has also worked with Forbes to publish the "Next Billion Dollar Startups" list highlighting fast-growing companies in the tech space. TrueBridge also regularly posts to its venture-focused column at Forbes.com.Funds Since its founding, TrueBridge has raised five venture capital-focused fund of funds: CVE-Kauffman Fellows Endowment Fund I raised in 2008, closing on approximately $310 million. TrueBridge-Kauffman Fellows Endowment Fund II raised in 2010, closing on approximately $342 million. TrueBridge-Kauffman Fellows Endowment Fund III raised in 2014, closing at a hard cap of $400 million. TrueBridge-Kauffman Fellows Endowment Fund IV raised in 2016, closing at a hard cap of $400 million. TrueBridge Capital Partners Fund V closed in 2018 at a hard cap of $450 million. TrueBridge has also raised a dedicated direct investment vehicle for investments in early- and mid-stage technology startups: TrueBridge Capital Direct Fund was raised in 2017, closing on $125 million.
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