TrueBridge Capital Partners announced Wednesday the final closing of a $310 million fund that will back a variety of VC and growth equity funds.

The new fund-of-funds, dubbed the CVE-Kauffman Fellows Endowment Fund, had targeted a $250 million closing and was completed in seven months, TrueBridge said. The fund has partnered with the Center for Venture Education, which runs the Kauffman Foundation's venture fellows program. The program places budding VCs in two-year apprenticeships at venture firms.

The new fund said it would use CVE's ties to gain access to funds where other limited partners can't. The fund's own LPs comprise over 50 Kauffman fellows, TrueBridge said. - Olaf de Senerpont Domis

See Aug. 13 press release on CVE-Kauffman fund from TrueBridge
See May 1 post on Kauffman's young entrepreneurs report from Tech Confidential