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 CRYPTO FUND, LLCVenture Capital Fund$7.63MGross asset value

Form D fundraising filings

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

True Crypto Fund, LLC

Fund administrator TRIDENT FUND SERVICES, INC. ATLANTA, Georgia, United States Investor statements: No (provided to no investors) Related to adviser: No Other funds reporting this name →

Auditor FARBER HASS HURLEY LLP CHATSWORTH, California, United States Other funds reporting this name →

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

Provider details

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

FARBER HASS HURLEY LLP
PCAOB 223

Fund details & source

Fund ID: 805-2653896970
Reported beneficial owners: 60
Minimum commitment: $50K
Form D file number: 021-395998

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 VC, LLC - SERIES 16Venture Capital Fund$7.58MGross asset value

Form D fundraising filings

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

True VC, LLC - Series 16 - PORTL

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: 805-5119356873
Reported beneficial owners: 72
Minimum commitment: $25K
Form D file number: 021-412710

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, LLC - SERIES VIIIVenture Capital Fund$6.04MGross 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: 805-1911829421
Reported beneficial owners: 47
Minimum commitment: $50K

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 VC, LLC - SERIES 13Venture Capital Fund$5.78MGross asset value

Form D fundraising filings

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

True VC, LLC - Series 13

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: 805-6123959582
Reported beneficial owners: 82
Minimum commitment: $25K
Form D file number: 021-422770

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 VC, LLC - SERIES 12Venture Capital Fund$5.28MGross asset value

Form D fundraising filings

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

True VC, LLC - Series 12 - Illusions

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: 805-1545940660
Reported beneficial owners: 42
Minimum commitment: $25K
Form D file number: 021-399486

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 VC, LLC - SERIES 2Venture Capital Fund$4.91MGross 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: 805-8176231842
Reported beneficial owners: 2
Minimum commitment: $50K

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 NORCAL, LLCReal Estate Fund$4.24MGross 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: 805-8481480721
Reported beneficial owners: 30
Minimum commitment: $25K

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.