DLA Piper Aids TrueBridge In Closing Of $342M Fund II

Law360, New York (January 12, 2012, 5:31 PM EST) -- TrueBridge Capital Partners has closed a $342 million venture capital and growth equity fund-of-funds, its second such fund, exceeding its target for capital commitment in a tough fundraising environment, the boutique investment firm said Thursday.

Chapel Hill, N.C.-based TrueBridge, which manages $700 million in assets, got commitments from foundations and endowments, private and public pension funds, asset management firms, and high-net-worth individuals for its TrueBridge-Kauffman Fellows Endowment Fund II LP, it said.

TrueBridge co-founder and general partner Edwin Poston said his firm would use the cash...
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