Key Takeaways
- • Collide Capital closed an oversubscribed $95 million Fund II, exceeding demand from institutional investors including UC Regents, Goldman Sachs, JPMorgan, Accolade Partners, and Fairview Capital, bringing total AUM to over $170 million.
- • Truelink Capital closed Fund II at $2.0 billion, significantly exceeding its $1.5 billion target and completing the raise in under three months at hard cap, more than doubling Fund I's $950 million size and bringing total AUM to $4.2 billion.
- • Collide Capital, founded in 2021, focuses on early-stage investments (pre-seed through Series A) in fintech, supply chain, and future-of-work sectors, with check sizes of $1–3 million and a portfolio of 75+ companies including five exits to date.
- • Truelink Capital, launched in 2022, targets growth and long-term value creation in industrials and business services, emphasizing commercial growth acceleration, operational transformation, and strategic M&A in a favorable macroeconomic environment.
- • Both funds achieved rapid closes with strong LP participation from diverse global investor bases, signaling robust institutional confidence in venture and growth-stage strategies despite broader market volatility.
Summary
Collide Capital invests across pre-seed through Series A rounds with check sizes ranging from $1 million to $3 million, focusing on three primary sectors: fintech, supply chain, and the future of work with emphasis on AI and automation. The firm has already supported over 75 companies since inception, including Coldcart, Culina Health, Helios, OneCarNow, and Revi, and has achieved five exits. Beyond capital deployment, Collide provides portfolio support through Fortune 500 procurement and revenue team access as well as cloud and compute credits from Amazon, Anthropic, Microsoft, and Alphabet.
Separately, Los Angeles-based Truelink Capital announced the close of Fund II at $2.0 billion in total commitments, significantly surpassing its $1.5 billion target at hard cap. The raise was completed in less than three months via a single closing, demonstrating exceptional LP interest. Fund II is more than double the size of Truelink's Fund I ($950 million) and brings the firm's total AUM to $4.2 billion. Co-founders Todd Golditch and Luke Myers launched Truelink in 2022 and have built a strategy centered on high-quality businesses in industrials and business services, with investment theses focused on commercial growth acceleration, operational transformation, and strategic M&A.
Truelink's Fund II attracted a geographically diverse institutional investor base spanning North America, Europe, Asia, the Middle East, Australia, and South America, including pension plans, endowments, foundations, insurance companies, family offices, and financial institutions. Management attributed the strong fundraising environment to current macroeconomic volatility and an evolving M&A landscape that creates attractive opportunities for the firm's growth and value-creation strategy. Both fund closings underscore sustained institutional confidence in venture capital and growth equity strategies, with LPs demonstrating willingness to deploy significant capital despite broader market uncertainty.
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