TrueBridge Capital Partners Raises $450 Million VC Fund-of-Funds

Choate recently advised TrueBridge Capital Partners on the formation of its fifth venture capital fund-of-funds. Closing at $450 million, “Truebridge Capital Partners Fund V, L.P.”, exceeded its original target by $75 million. With this latest fund TrueBridge now manages over $2.2 billion in assets.

Since its founding in 2007, TrueBridge has maintained its strategy of investing in premier, access-constrained venture capital managers primarily focused on early-stage IT companies based in northern California, as well as directly investing in some of the best-performing tech startups alongside select managers.