Truelink Closes $2 Billion Fund II in Rapid Three-Month Raise
Fund II more than doubles the size of Truelink’s $950 million debut fund
March 12, 2026|John McNulty
Truelink Capital has held a first and final closing of Truelink Capital Fund II LP with $2.0 billion in capital commitments, exceeding its $1.5 billion target and reaching its hard cap in less than three months. Truelink’s first fund, Truelink Capital I LP, closed with $950 million in total capital in July 2024.
Truelink is headquartered in Los Angeles and invests in business services and industrials companies with EBITDA ranging from $20 million to $75 million. The firm’s targeted service sectors include environmental services, infrastructure services, commercial and industrial services, financial technology, tech-enabled services, and software.
Limited partners in Fund II include pension plans, endowments, foundations, insurance companies, financial institutions, family offices, consultants, and other institutional investors across North America, Europe, Asia, the Middle East, Australia, and South America.
Todd Golditch
“The close of Fund II is an important milestone for our firm, and we are deeply grateful for the strong support of our limited partners,” said Todd Golditch, co-founder and managing partner of Truelink. “We sincerely thank our investors, many of whom supported us in Fund I, for their trust, partnership, and confidence in our firm. We are proud to partner with such a world-class group of investors as we enter this next phase of Truelink’s growth.”
Two recently closed platform investments for Truelink include SouthernCarlson, a Nebraska-based distributor of fasteners and other specialty building products sold to the residential, industrial, dealer, and commercial end markets, from Kyocera Corporation (January 2026), and Prime Electric, a Washington-based provider of electrical services to technology, healthcare, public sector, industrial, and commercial customers, from WestView Partners (December 2025).
Overall, Truelink’s first fund currently holds 11 platform investments across the industrials and business services sectors.
Luke Meyers
“We are proud of what our team has built since launching Truelink in 2022, and we believe the current macroeconomic volatility and evolving M&A landscape are creating an attractive environment for our strategy,” said Luke Myers, co-founder and managing partner of Truelink. “The combination of rapid AI-driven change and a mixed economy is creating dislocation that rewards hands-on stewardship and operational excellence. Fund II will target companies with strong fundamentals, where we believe we can invest at attractive entry points and drive meaningful improvement through commercial growth, operational initiatives, and strategic M&A.”
