Oversubscribed fund builds on TrueBridge’s venture platform to pursue a growing opportunity set across fund and company secondaries
CHAPEL HILL, N.C., Sept. 8, 2026 /PRNewswire/ — TrueBridge Capital Partners, a venture capital investment firm, today announced the final close of TrueBridge Secondaries II, L.P. (“Secondaries II”), with $508 million in commitments. The fund received support from new and existing investors, including foundations and endowments, pension funds, family offices, and high-net-worth individuals.
Secondaries II invests in venture funds as well as direct secondary investments in venture-backed companies, with an emphasis on opportunities where the firm’s relationships, information, and underwriting capabilities provide an advantage.
The Fund launches at a time of significant growth in the secondary market. As venture-backed companies remain private longer and traditional paths to liquidity have become less predictable, investors, employees and other shareholders are increasingly turning to secondary transactions for liquidity. At the same time, a larger and more mature universe of private technology companies has expanded the opportunity set for secondary investors.
“The evolution of the venture market has created an important role for secondaries, both as a source of liquidity and as another route for investors to access high-quality venture assets,” said Andrew Winslow, Partner at TrueBridge. “Our relationships across the venture ecosystem give us access to secondary opportunities that are often not broadly available, including sought-after venture funds and companies that can be difficult for investors to access through traditional channels. That access allows us to be highly selective and build concentrated portfolios around the assets where we have the greatest conviction, while our deep familiarity with the underlying managers and companies gives us an additional advantage in evaluating those opportunities.”
TrueBridge’s secondaries strategy draws on nearly 20 years of investing across the venture ecosystem. Longstanding relationships with leading venture managers provide the firm with visibility into thousands of venture-backed companies and potential fund-level opportunities. The firm’s direct investment platform provides an additional perspective on individual companies, their markets, and their financing histories. Together, these capabilities allow TrueBridge to identify, evaluate, and access secondary transactions with a depth of context that can be difficult to replicate.
The close of Secondaries II follows TrueBridge Secondaries I, the firm’s first dedicated venture secondaries fund, which closed with $230 million in commitments in 2024. The strategy is part of TrueBridge’s broader venture investment platform spanning fund investments, direct investments, secondaries, and customized solutions.
About TrueBridge Capital Partners
TrueBridge Capital Partners is a venture capital investment firm managing more than $15.0 billion in assets.* Founded in 2007, TrueBridge invests across the venture ecosystem through access-constrained venture funds, direct investments in venture-backed companies, secondary investments and customized investment solutions.
TrueBridge is the data partner behind Forbes’ Midas List, Midas Seed List, Midas List Europe and Next Billion-Dollar Startups and is a regular venture-focused contributor on Forbes’ platform. TrueBridge is headquartered in Chapel Hill, North Carolina. For more information, please visit truebridgecapital.com.
*AUM reflects Regulatory Assets Under Management.
Suzanne Kirschbaum | skirschbaum@truebridgecapital.com | 919.442.5201
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SOURCE TrueBridge Capital Partners
