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Chapel Hill investment firm TrueBridge Capital raising $125M blockchain fund

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CHAPEL HILL – The Chapel Hill-based investment firm TrueBridge Capital Partners, which holds more than $5 billion in assets under management, disclosed in an SEC filing that it plans to raise capital for a new fund.

According to the filing, the fund is “TrueBridge Blockchain I, L.P.” and could attract as much as $125 million in new investment from limited partners.

The pooled investment fund is noted in the filing as an “other investment fund” and offers investors “pooled investment fund interests.”

According to the disclosure, the fund issuer will “pay the General Partner an annual management fee based initially upon a percentage of the committed capital.”

Chapel Hill’s TrueBridge Capital closes $170M fund, will focus investments in other VC firms

Edwin Poston, the co-founding general partner, signed the disclosure, and notes a title of “Manager of the Manager of the General Partner of the Issuer.”

TrueBridge raised more than $155 million in capital for another fund, as reported by WRAL TechWire in March 2021.  The firm then went on to…

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