Chapel Hill investment firm TrueBridge Capital raises $155M

Date Published:

Jason Parker — March 29, 2021

Chapel Hill-based TrueBridge Capital Partners has raised $155.5 million in its Select Fund I, according to an SEC filing.

TrueBridge, which according to its website, was founded in 2007, is an alternative asset management firm focused on generating superior returns. It deploys two strategies in investing its assets, one through “premier venture fund investing,” where the firm invests in high-performing, access-constrained venture capital managers, biased toward early-stage technology investments, and the other through direct investments the firm makes, typically alongside other established venture capital firms in mid- to late-stage technology companies.

The SEC filing is an amended filing, and the date of first sale listed on the form was in November of 2020, for pooled investment fund interests.  According to the filing, Morgan Stanley Smith Barney LLC will receive a sales commission of $166,263, and the TrueBridge Select Fund I, is structured as a limited partnership.

“The Issuer will pay TrueBridge Capital Partners LLC an annual management fee based initially upon a percentage of the committed capital,” reads the filing.

Mel Williams and Edwin Poston, general partners and co-founders of TrueBridge Capital Partners, have yet to comment on the raise.

Original Source: WRAL TechWire