Investment adviser · CRD 142962

TRUE CAPITAL MANAGEMENT

TRUE CAPITAL MANAGEMENT LLC

SAN FRANCISCO, CA, United States · Form ADV filed Apr 29, 2022

Regulatory AUM: $1.74B
Client accounts: 282
Employees: 37
Advisory professionals: 15

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 1648633 · Apr 29, 2022 · Item 5.D

Reported by TRUE CAPITAL MANAGEMENT LLC (CRD 142962).

Other-Than Anual Amendment For Registered Adviser.

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 VC, LLC - SERIES 4Venture Capital Fund$4.15MGross 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 4 - Triller

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: 805-9780726177
Reported beneficial owners: 20
Minimum commitment: $50K
Form D file number: 021-381420

Form ADV 1648633 · Apr 29, 2022 · Schedule D 7.B.(1)

Reported by TRUE CAPITAL MANAGEMENT LLC (CRD 142962).

Other-Than Anual Amendment For Registered Adviser.

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 EVenture Capital Fund$3.85MGross 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 E

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: 805-5441427479
Reported beneficial owners: 30
Minimum commitment: $50K
Form D file number: 021-295321

Form ADV 1648633 · Apr 29, 2022 · Schedule D 7.B.(1)

Reported by TRUE CAPITAL MANAGEMENT LLC (CRD 142962).

Other-Than Anual Amendment For Registered Adviser.

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 LATIN VENTURES, LLCVenture Capital Fund$3.46MGross asset value

Form D fundraising filings

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

True Culture 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: 805-8941303745
Reported beneficial owners: 17
Minimum commitment: $50K
Form D file number: 021-408905

Form ADV 1648633 · Apr 29, 2022 · Schedule D 7.B.(1)

Reported by TRUE CAPITAL MANAGEMENT LLC (CRD 142962).

Other-Than Anual Amendment For Registered Adviser.

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 CULTURE FUND, LLCVenture Capital Fund$2.72MGross asset value

Form D fundraising filings

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

True Culture 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: 805-6445194509
Reported beneficial owners: 27
Minimum commitment: $50K
Form D file number: 021-408905

Form ADV 1648633 · Apr 29, 2022 · Schedule D 7.B.(1)

Reported by TRUE CAPITAL MANAGEMENT LLC (CRD 142962).

Other-Than Anual Amendment For Registered Adviser.

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 9Venture Capital Fund$2.72MGross 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 9

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: 805-8838702276
Reported beneficial owners: 27
Minimum commitment: $25K
Form D file number: 021-403021

Form ADV 1648633 · Apr 29, 2022 · Schedule D 7.B.(1)

Reported by TRUE CAPITAL MANAGEMENT LLC (CRD 142962).

Other-Than Anual Amendment For Registered Adviser.

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 5Venture Capital Fund$2.59MGross 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 5 - Lineage

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: 805-3054783747
Reported beneficial owners: 15
Minimum commitment: $50K
Form D file number: 021-381416

Form ADV 1648633 · Apr 29, 2022 · Schedule D 7.B.(1)

Reported by TRUE CAPITAL MANAGEMENT LLC (CRD 142962).

Other-Than Anual Amendment For Registered Adviser.

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 IV METAMORPHICVenture Capital Fund$2.33MGross 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: 805-6890149773
Reported beneficial owners: 3
Minimum commitment: $25K

Form ADV 1648633 · Apr 29, 2022 · Schedule D 7.B.(1)

Reported by TRUE CAPITAL MANAGEMENT LLC (CRD 142962).

Other-Than Anual Amendment For Registered Adviser.

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 Apr 25, 2022 · previous imported filing

No comparable changes in the displayed metrics.

Filing source

Form ADV 1648633 · Apr 29, 2022 · Items 1 & 5

Reported by TRUE CAPITAL MANAGEMENT LLC (CRD 142962).

Other-Than Anual Amendment For Registered Adviser.

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 1648633 · Apr 29, 2022 · Items 1 & 5

Reported by TRUE CAPITAL MANAGEMENT LLC (CRD 142962).

Other-Than Anual Amendment For Registered Adviser.

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.