CHAPEL HILL, NC—TrueBridge Capital Partners has closed its inaugural CVE-Kauffman Fellows Endowment Fund. The Fund closed with over $310 million of capital commitments, well in excess of its stated $250 million target, and was completed in a short seven months.
The Fund will invest primarily in well-established and high performing venture capital and growth equity managers and has partnered exclusively with the Center for Venture Education (CVE), home of the Kauffman Fellows Program and CVE Capital, to leverage its large and growing network of Kauffman Fellows.
Through its performance, the Fund will help build and grow a long-term endowment for the Kauffman Fellows Program.
The Kauffman Fellows Program identifies, develops, and networks emerging global leaders in venture capital. Working full-time at a venture capital firm, Kauffman Fellows engage in a practical, 24-month apprenticeship including professional coaching, mentoring by senior partners, and quarterly sessions of industry and leadership curriculum.
Members of the Society of Kauffman Fellows join a network of nearly 400 investment professionals — in Silicon Valley and across 5 continents — that links together 140 investing firms actively deploying $40B in venture capital.
“We are excited about the synergy between TrueBridge Capital and the broad network of Kauffman Fellows who are active venture capitalists,” said Susan Mason, general partner at ONSET Ventures, and chairperson of the Center for Venture Education, home of the Kauffman Fellows Program. “Because of its ties with the program, this new fund can provide access to firms that other limited partners might not have entrée to.”
The new fund currently has over 50 Kauffman Fellows invested in the fund as limited partners.
Regarding CVE Capital, General Partner Mel Williams said, “We believe the insight and access provided by our unique relationship with CVE Capital will provide TrueBridge Capital with a unique advantage in identifying and investing in the best venture capital firms.”
Truebridge was formed in 2007 to provide differentiated value to investors by offering alternative investment strategies that are unique and difficult to replicate, and as a result, deliver high real rates of return.
On the Web: www.truebridgecapital.com
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