TrueBridge Capital Partners, one of the few remaining fund-of-funds managers focused exclusively on venture capital, closed its third venture-focused fund of funds at $408 million, which includes the general partner commitment.
The Chapel Hill, N.C., firm, which exceeded the $325 million target for TrueBridge-Kauffman Fellows Endowment Fund III LP, said it attracted capital from investors that include the endowment of Lehigh University, which backed the firm’s previous fund of funds, and agricultural company Syngenta AGSYNN.VX -0.62%.
