Tons of top-level personnel moves in the LP arena this week. The most notable is that Mel Williams of UNC and Edwin Poston of the Rockefeller Foundation have teamed up to form a new shop called TrueBridge Capital. The Chapel Hill-based shop already has begun marketing a VC fund-of-funds with a target of around $250 million, with other types of funds expected to follow.

I'm working on a print piece about TrueBridge, which will use part of its GP carry to help build up the Kauffman Fellows Program's endowment. Not only does Kauffman want to expand overseas, it also has considered accepting Fellows for positions with limited partners.