Boutique venture capital firm TrueBridge Capital has partnered with third-party marketer Brookvine as it seeks to raise capital from local institutional investors.
United States-based TrueBridge Capital was founded by Mel Williams and Edwin Poston.
Williams previously managed the endowment fund for the University of North Carolina, while Poston was a managing director of the Rockefeller Foundation.
The firm's portfolio includes about 20 venture capital managers.
"We will only invest in venture capital managers in the US, India and China," TrueBridge partner Poston said.
"Our focus is on cloud companies, clean technology, social networking and mobile networks."
Cloud companies are firms that provide services to customers using the Internet.
TrueBridge has an association with the Centre for Venture Education's Kauffman Fellows Program.
The program provides professional development for venture capitalists, which includes the placement of these people with a number of managers.
"We believe that the partners' experience along with the firm's exclusive relationship with the Centre for Venture Education and Kauffman Fellows Program gives TrueBridge a competitive advantage in both information flow and access to the best-performing venture capital managers globally," Brookvine managing director Steven Hall said.
