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Los Angeles-based private equity firm Truelink Capital has closed Truelink Capital Fund II, L.P. at its hard cap of $2.0 billion, exceeding the fund’s original $1.5 billion target. The fundraise was completed in less than three months, on March 10, 2026, and was significantly oversubscribed, with commitments secured in a single closing.
Fund II attracted a broad group of investors including pension plans, endowments, foundations, insurance companies, financial institutions, family offices, consultants, and other institutional investors from North America, Europe, Asia, the Middle East, Australia, and South America.
The new fund will continue Truelink’s strategy of investing in high-quality companies in the industrials and business services sectors. The firm aims to drive commercial growth, operational improvements, and strategic M&A at portfolio companies. At $2.0 billion, Fund II is more than double the size of Truelink’s first fund, which raised $950 million, bringing the firm’s total assets under management to $4.2 billion.
Todd Golditch, Co-Founder and Managing Partner of Truelink, said the closing marks an important milestone for the firm and thanked investors for their continued support and confidence in the firm’s strategy.
Co-Founder and Managing Partner Luke Myers noted that current macroeconomic volatility and changes in the M&A environment are creating attractive opportunities for the firm’s operationally focused investment approach.
Truelink has remained active in the market, announcing five new platform investments in 2025. The firm’s Fund I portfolio currently includes 11 platform investments across the industrials and business services sectors.
William Blair & Company served as exclusive placement agent and financial advisor for the fundraising, while Kirkland & Ellis acted as legal advisor.
About Truelink Capital
Founded in 2022, Truelink Capital is a Los Angeles-based private equity firm focused on partnering with management teams, founders, and corporate sellers to accelerate growth through operational improvements and strategic acquisitions.
