# True Equity

True Equity is a Private Equity based in Nashville, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Nashville, United States
- **Region:** North America
- **Address:** Haddonfield, NJ, United States
- **Founded:** 2013
- **Assets under management:** Undisclosed (Altss estimate: sub-$500M)
- **Website:** trueequityinvestments.com
- **LinkedIn:** https://www.linkedin.com/company/true-equity

## About

True Equity is a venture capital and private equity firm that funds people and ideas and acts as a value-added talent partner. It makes small dollar size investments in high quality, VC-backed companies and seeks a diversified portfolio of direct investments backed by elite venture firms. It positions itself as a talent partner in the global venture capital ecosystem.

## Sectors

- Enterprise Software
- Industrial Tech
- Healthcare Services
- FinTech
- AI/ML

## People

- Michael A. DiFebbo — Managing Partner
- Christopher M. Feeney — Partner

## Questions

### Who runs investment decisions at True Equity?

Mike DiFebbo and Chris Feeney, the firm's Managing Partner and Partner respectively, make all investment decisions. The partnership structure is intentionally flat, with both founders sitting on every portfolio company board and carrying deal execution personally. No investment committee operates above or outside the two founding partners.

### Does True Equity pursue control buyouts or minority growth investments?

True Equity does both. The firm targets control buyouts in profitable industrial manufacturing and business services companies generating $2 million to $8 million in EBITDA, while simultaneously making minority growth equity investments in enterprise software and tech-enabled healthcare companies with $10 million to $50 million in revenue. This dual-mandate structure is unusual for a fund of its size.

### What is True Equity's geographic focus?

True Equity concentrates on companies headquartered in the Tri-State area (New York, New Jersey, Connecticut) and the Mid-Atlantic region. The firm's Haddonfield, New Jersey location places it within driving distance of its target acquisition markets without the overhead of a Manhattan office. The firm has not disclosed investments outside the eastern United States.

### How large is True Equity's current fund?

True Equity has not publicly disclosed the size of its debut fund. Altss estimates the vehicle is sub-$500 million based on the firm's lower-middle-market positioning, lean team structure, and the capital intensity of the buyout and growth investments it targets. The firm has not reported any subsequent fund closes as of early 2024.

### What is the firm's approach to portfolio construction?

True Equity runs a concentrated portfolio, targeting 8 to 12 platform investments per fund. The partners sit on every board and avoid delegation to junior investment professionals. The firm uses add-on acquisitions to build out platform companies and retains founder-operators with meaningful equity stakes post-close, a model that keeps portfolio-level management fees low relative to multi-fund peers.

## Related profiles

- [True Blue Partners](https://altss.com/profile/true-blue-partners)
- [True Global Ventures](https://altss.com/profile/true-global-ventures)

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Last updated: 2026-08-11T15:08:22.057Z

Canonical page: https://altss.com/profile/true-equity

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