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.[1][2]

TrueBridge Capital Partners
Private
IndustryInvestment Management
Founded2008
FounderMel Williams, Edwin Poston
HeadquartersChapel Hill, NC
Total assets$2B+
Number of employees
17
Websitehttp://truebridgecapital.com

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.[3] 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 (State of VC).[4]

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.[5]

Collaboration with Forbes

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.[6] TrueBridge also regularly posts to its venture-focused column at Forbes.com.[7]

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.[8]
  • 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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gollark: They do have to spin pretty fast. There are sealed helium ones now.
gollark: > The HDD's spindle system relies on air density inside the disk enclosure to support the heads at their proper flying height while the disk rotates. HDDs require a certain range of air densities to operate properly. The connection to the external environment and density occurs through a small hole in the enclosure (about 0.5 mm in breadth), usually with a filter on the inside (the breather filter).[124] If the air density is too low, then there is not enough lift for the flying head, so the head gets too close to the disk, and there is a risk of head crashes and data loss. Specially manufactured sealed and pressurized disks are needed for reliable high-altitude operation, above about 3,000 m (9,800 ft).[125] Modern disks include temperature sensors and adjust their operation to the operating environment. Breather holes can be seen on all disk drives – they usually have a sticker next to them, warning the user not to cover the holes. The air inside the operating drive is constantly moving too, being swept in motion by friction with the spinning platters. This air passes through an internal recirculation (or "recirc") filter to remove any leftover contaminants from manufacture, any particles or chemicals that may have somehow entered the enclosure, and any particles or outgassing generated internally in normal operation. Very high humidity present for extended periods of time can corrode the heads and platters. https://en.wikipedia.org/wiki/Hard_disk_drive#Integrity
gollark: Interweb says it's to keep pressure equalized between the inside and out.
gollark: Ah yes, destroy it as an example to the others.

References
  1. TrueBridge Bio Page: http://truebridgecapital.com/Team.aspx
  2. "TrueBridge Capital: Who We Are".
  3. TrueBridge Raises $408M for Fund of Funds, Foresees Seed Shakeout: https://blogs.wsj.com/venturecapital/2014/09/10/truebridge-raises-408m-for-fund-of-funds-foresees-seed-shakeout/
  4. "TrueBridge Insights".
  5. "TrueBridge Approach".
  6. "The Next Billion-Dollar Startups".
  7. General Doriot: https://blogs.forbes.com/truebridge/
  8. "The Daily Startup: Biotech Startups Prep for Tighter Fundraising Climate". blogs.wsj.com. Wall Street Journal. Retrieved 20 October 2016.

Notes
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