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LP profile

TrueBridge Capital Partners

Fund of fund · Founded 2007 · Chapel Hill, United States

#161 LP Ranking #24 of 264 funds of funds

Alternative asset management firm specializing in generating superior returns in the venture capital industry

10 VC firms backed
$9.6B AUM
01 · Background

Who TrueBridge Capital Partners is.

Historical Background
TrueBridge Capital Partners was established in 2007 by co-founders Edwin Poston and Mel Williams. Prior to starting the firm, Poston was with the Rockefeller Foundation, and Williams managed investments for the UNC-Chapel Hill Management Company. The firm maintains a long-standing partnership with Forbes to produce the "Next Billion-Dollar Startups" list, which identifies private companies poised to reach a billion-dollar valuation.
Major Events
In May 2024, the firm announced it had raised $1.6 billion in new commitments across five distinct investment vehicles, including its eighth flagship fund-of-funds and its first dedicated secondaries fund.
Allocation Strategy
The firm operates as an alternative asset manager with a focus on the venture capital ecosystem. Its strategy involves a multi-faceted approach, making investments into venture capital funds, seed and micro-VC funds, and also investing directly into technology companies. Geographically, the firm has a preference for companies located in Northern California. For its direct investments, TrueBridge targets select mid- to late-stage technology companies, often investing alongside its network of venture capital managers.
02 · Fund commitments

The funds TrueBridge Capital Partners backs.

TrueBridge Capital Partners is a limited partner in 10 funds. 7 of them place in the Power Law Investor Ranking; those lead, best-ranked first.

03 · Allocation

How TrueBridge Capital Partners’ fund book is spread.

The 10 funds TrueBridge Capital Partners backs, by where the manager is headquartered and how many funds that manager has raised.

Where those managers are based

By fund headquarters.

  • North America 990%
  • Rest of world 110%

United States 9 · China 1

How established those managers are

Managers grouped by how many funds they have raised — across the 10 of 10 with a fund history on record.

Emerging funds · 5
Established funds · 5
1
2 2
3 3
1 4
5-6
2 7-9
10-14
2 15+
Funds raised by the manager
04 · Direct investments

The companies TrueBridge Capital Partners backs directly.

TrueBridge Capital Partners holds 9 companies directly, separate from the funds it commits to as a limited partner.

Cribl
Hosting · USA
$3.5B valuation Unicorn
Aviatrix Systems
Security · USA
$2.0B valuation Unicorn
Proof
Legal · USA
$760M valuation
Metronome
Fintech · USA
$200M valuation
Cloud9
Gaming · USA
$200M valuation
Lotame
Enterprise Software · USA
$43M valuation
Optro
Legal · USA
$3.0B valuation Unicorn
Insightly
Marketing · USA
$100M valuation
Camp Network
Security · USA
$400M valuation
05 · Portfolio market map

Inside TrueBridge Capital Partners’ portfolio.

The 9 highest-funded portfolio companies, of 7 tracked.

Cribl
Hosting · Unicorn
$3.5B
Aviatrix Systems
Security · Unicorn
$2.0B
Proof
Legal
$760M
Metronome
Fintech
$200M
Cloud9
Gaming
$200M
Lotame
Enterprise Software
$43M
Optro
Legal · Unicorn
$3.0B
Insightly
Marketing
$100M
Camp Network
Security
$400M
06 · Portfolio founders

Where TrueBridge Capital Partners’ portfolio founders come from.

13 founders across the 9 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. United States12
  2. Japan1
UniversityCount
  1. University of California, Berkeley2
  2. Johns Hopkins University1
  3. Montclair State University1
  4. Stanford University Graduate School of Business1
  5. UC Berkeley, Haas Business School1
  6. University of Bridgeport1
  7. University of Southern California1
  8. University of Virginia1
  9. Washington University in St. Louis1
  10. Wharton School of the University of Pennsylvania1
Previous companyCount
  1. Splunk3
  2. Caspida2
  3. Dropbox2
  4. Advertising.com1
  5. Aio Wireless1
  6. Appbackr1
  7. AT&T1
  8. BigPanda1
  9. Cricket Communications1
  10. CRV1
08 · Key people

Key people at TrueBridge Capital Partners.

Source: Dealroom next-gen API — investor team endpoint.