CHAPEL HILL, NC – August 13, 2008 – TrueBridge Capital Partners today announced the final closing of its inaugural CVE Kauffman Fellows Endowment Fund. The Fund closed with over $310 million of capital commitments, well in excess of its stated $250 million target, and was completed in a short seven months. The Fund will invest primarily in well established and high performing venture capital and growth equity managers and has partnered exclusively with the Center for Venture Education (CVE), Home of the Kauffman Fellows Program and CVE Capital, to leverage its large and growing network of Kauffman Fellows. Through its performance, the Fund will help build and grow a long term endowment for the Kauffman Fellows Program.

Mel Williams, General Partner of TrueBridge Capital Partners stated "We are certainly gratified by the market's positive reception to our offering, and are excited about our partnership with CVE Capital and the Kauffman Fellows Program. We believe the insight and access provided by our unique relationship with CVE Capital will provide TrueBridge Capital with a unique advantage in identifying and investing in the best venture capital firms."

The Kauffman Fellows Program recognizes, develops, and networks the next generation of leaders in the venture capital industry, and has ties to many of the leading venture capital firms in the United States, having mentored a Kauffman Fellow or currently employing a Kauffman Fellow.

"We are excited about the synergy between TrueBridge Capital and the broad network of Kauffman Fellows who are active venture capitalists," said Susan Mason, general partner at ONSET Ventures, and chairperson of the Center for Venture Education, home of the Kauffman Fellows Program. "Because of its ties with the program, this new fund can provide access to firms that other limited partners might not have entrée to."

Edwin Poston, General Partner of TrueBridge Capital Partners commented "Building a new firm that invests with the very best venture and growth equity firms has required considerable effort, and we have been thrilled with the support we have received. Receiving support from the outstanding General Partners in which we have invested, from the terrific base of limited partners in our fund and from CVE and the Kauffman Fellows has been extremely gratifying."

Phil Wickham, President and CEO of CVE commented "We at the Center for Venture Education are very excited to partner with the team at TrueBridge on this effort, as Mel and Edwin truly understand our long term vision. Their global reach and focus on building long-term relationships with toptier GPs perfectly reflects our history as well as our strategy going forward."