TrueBridge Capital Partners has raised $450 million in a new investment fund, according to a filing with the Securities and Exchange Commission.

The money was raised as a pooled investment fund, from 114 investors. This beat the goal of the company’s $375 million target.

This is TrueBridge’s fifth fund and exceeds its pervious fund of $400 million.

Founded in 2007, the Chapel Hill-based company invests in early-stage information technology companies in northern California.

The firm maintains a strong base in investingin early-stage IT investments and dedicates a portion of each fund to leading seed and micro-VC firms.

“We founded TrueBridge on the premise that venture capital is a compelling asset class for those who can invest in the handful of elite managers that drive the industry,” said Edwin Poston, co-founder and general partner of TrueBridge. “Every day we partner with venture capitalists and entrepreneurs who are growing and changing not only the most dynamic areas of technology, but also much of the broader economy.”

TrueBridge now manages over $2.2 billion in assets.

Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.