Investment adviser · CRD 142962

TRUE CAPITAL MANAGEMENT

TRUE CAPITAL MANAGEMENT LLC

SAN FRANCISCO, CA, United States · Form ADV filed Mar 30, 2022

Regulatory AUM: $1.74B
Client accounts: 282
Employees: 35
Advisory professionals: 13

How this adviser has changed

Annual filings

Regulatory assets under management

Up to five fiscal years, using the latest annual update available at the selected filing date. Asset changes can reflect acquisitions, client flows, and valuations; they are not investment returns.

Annual adviser history and sources
Fiscal year	Regulatory AUM	Employees	Filed
2021	$1,736,052,960	35	Mar 30, 2022

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
High-net-worth individuals	147	$1,322,940,721	76.2%
Pooled investment vehicles	44	$317,755,908	18.3%
Individuals	88	$93,537,053	5.4%
Corporations & businesses	Fewer than 5	$1,819,278	0.1%

Filing source

Form ADV 1614052 · Mar 30, 2022 · Item 5.D

Reported by TRUE CAPITAL MANAGEMENT LLC (CRD 142962).

Annual Updating Amendment for Registered Adviser · fiscal year 2021.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Private funds & service providers

44 detailed fund records

Largest reported gross asset value first; unreported values last. Gross asset value is fund-level disclosure, distinct from adviser AUM and Form D fundraising. Master and feeder funds may overlap.

TRUE CAPITAL REAL ESTATE FUND VIReal Estate Fund$45MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

True Capital Real Estate Fund VI, LLC

Custodian MILLENNIUM TRUST COMPANY LLC OAK BROOK, Illinois, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

Fund details & source

Fund ID: 805-3024011276
Reported beneficial owners: 77
Minimum commitment: $50K
Form D file number: 021-363942

Form ADV 1614052 · Mar 30, 2022 · Schedule D 7.B.(1)

Reported by TRUE CAPITAL MANAGEMENT LLC (CRD 142962).

Annual Updating Amendment for Registered Adviser · fiscal year 2021.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

TRUE CAPITAL STRATEGIC INCOME FUND, LLCOther Private Fund$28.9MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

True Capital Strategic Income Fund, LLC

Custodian MILLENNIUM TRUST COMPANY LLC OAK BROOK, Illinois, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

Fund details & source

Fund ID: 805-9700211688
Reported beneficial owners: 32
Minimum commitment: $250K
Form D file number: 021-316212

Form ADV 1614052 · Mar 30, 2022 · Schedule D 7.B.(1)

Reported by TRUE CAPITAL MANAGEMENT LLC (CRD 142962).

Annual Updating Amendment for Registered Adviser · fiscal year 2021.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

TRUE CAPITAL VENTURES II, LLC - SERIES AVenture Capital Fund$28.6MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

True Capital Ventures II, LLC - Series A - 2016

Custodian MILLENNIUM TRUST COMPANY LLC OAK BROOK, Illinois, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

Fund details & source

Fund ID: 805-5444573813
Reported beneficial owners: 70
Minimum commitment: $50K
Form D file number: 021-259173

Form ADV 1614052 · Mar 30, 2022 · Schedule D 7.B.(1)

Reported by TRUE CAPITAL MANAGEMENT LLC (CRD 142962).

Annual Updating Amendment for Registered Adviser · fiscal year 2021.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

TRUE CAPITAL REAL ESTATE FUND IVReal Estate Fund$28.3MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

True Capital Real Estate Fund IV, LLC

Custodian MILLENNIUM TRUST COMPANY LLC OAK BROOK, Illinois, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

Fund details & source

Fund ID: 805-6045680800
Reported beneficial owners: 79
Minimum commitment: $50K
Form D file number: 021-286720

Form ADV 1614052 · Mar 30, 2022 · Schedule D 7.B.(1)

Reported by TRUE CAPITAL MANAGEMENT LLC (CRD 142962).

Annual Updating Amendment for Registered Adviser · fiscal year 2021.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

TRUE CAPITAL VENTURES III, LLC - SERIES 1Venture Capital Fund$25.9MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

True Capital Ventures III, LLC - Series 1

Custodian MILLENNIUM TRUST COMPANY LLC OAK BROOK, Illinois, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

Fund details & source

Fund ID: 805-2293424753
Reported beneficial owners: 26
Minimum commitment: $50K
Form D file number: 021-336830

Form ADV 1614052 · Mar 30, 2022 · Schedule D 7.B.(1)

Reported by TRUE CAPITAL MANAGEMENT LLC (CRD 142962).

Annual Updating Amendment for Registered Adviser · fiscal year 2021.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

TRUE CAPITAL REAL ESTATE FUND V, LLCReal Estate Fund$25.6MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

True Capital Real Estate Fund V, LLC

Custodian MILLENNIUM TRUST COMPANY LLC OAK BROOK, Illinois, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

Fund details & source

Fund ID: 805-4738513824
Reported beneficial owners: 61
Minimum commitment: $50K
Form D file number: 021-336998

Form ADV 1614052 · Mar 30, 2022 · Schedule D 7.B.(1)

Reported by TRUE CAPITAL MANAGEMENT LLC (CRD 142962).

Annual Updating Amendment for Registered Adviser · fiscal year 2021.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

TRUE CAPITAL VENTURES II, LLC - SERIES DVenture Capital Fund$17.9MGross asset value

Search Form D filings →

Custodian MILLENNIUM TRUST COMPANY LLC OAK BROOK, Illinois, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

Fund details & source

Fund ID: 805-6751734304
Reported beneficial owners: 3
Minimum commitment: $100K

Form ADV 1614052 · Mar 30, 2022 · Schedule D 7.B.(1)

Reported by TRUE CAPITAL MANAGEMENT LLC (CRD 142962).

Annual Updating Amendment for Registered Adviser · fiscal year 2021.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Services & filing details

Showing values from the selected filing. Latest observed filing does not establish current registration status.

What changed?

Since Oct 22, 2021 · previous imported filing

Regulatory AUM$1,377,404,595 → $1,736,052,960
Client accounts283 → 282

Filing source

Form ADV 1614052 · Mar 30, 2022 · Items 1 & 5

Reported by TRUE CAPITAL MANAGEMENT LLC (CRD 142962).

Annual Updating Amendment for Registered Adviser · fiscal year 2021.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Management of assets

Discretionary: $1.29B
Non-discretionary: $449M

Reported services

Financial planning · Individual portfolio management · Pooled investment vehicle management · Selection of other advisers · Educational seminars

Compensation

Percentage of assets · Fixed · Performance-based

Principal office

101 MONTGOMERY STREET, SUITE 2800
SAN FRANCISCO, CA, 94104, United States

CRD 142962

Filing source

Form ADV 1614052 · Mar 30, 2022 · Items 1 & 5

Reported by TRUE CAPITAL MANAGEMENT LLC (CRD 142962).

Annual Updating Amendment for Registered Adviser · fiscal year 2021.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.