TRUE CAPITAL MANAGEMENT: Investment Adviser Form ADV Filing

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
2022	$1,593,766,022	37	Mar 30, 2023

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	180	$1,043,735,904	65.5%
Pooled investment vehicles	54	$363,726,696	22.8%
Individuals	194	$184,448,160	11.6%
Corporations & businesses	Fewer than 5	$1,855,262	0.1%

Filing source

Form ADV 1724568 · Mar 30, 2023 · Item 5.D

Reported by TRUE CAPITAL MANAGEMENT LLC (CRD 142962).

Annual Updating Amendment for Registered Adviser · fiscal year 2022.

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

1 selected 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.

View all funds in this filing

TRUE CULTURE FUND, LLCVenture Capital Fund$4.65MGross 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 NAVOLIO & TALLMAN, LLP WALNUT CREEK, California, United States Other funds reporting this name →

Custodian FIRST REPUBLIC BANK WALNUT CREEK, California, 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

NAVOLIO & TALLMAN, LLP
PCAOB 5442

Fund details & source

Fund ID: 805-6445194509
Reported beneficial owners: 43
Minimum commitment: $25K
Form D file number: 021-408905

Form ADV 1724568 · Mar 30, 2023 · Schedule D 7.B.(1)

Reported by TRUE CAPITAL MANAGEMENT LLC (CRD 142962).

Annual Updating Amendment for Registered Adviser · fiscal year 2022.

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 Nov 10, 2022 · previous imported filing

Regulatory AUM$1,736,052,960 → $1,593,766,022
Client accounts282 → 431

Filing source

Form ADV 1724568 · Mar 30, 2023 · Items 1 & 5

Reported by TRUE CAPITAL MANAGEMENT LLC (CRD 142962).

Annual Updating Amendment for Registered Adviser · fiscal year 2022.

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: $1.26B
Non-discretionary: $336M

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 1724568 · Mar 30, 2023 · Items 1 & 5

Reported by TRUE CAPITAL MANAGEMENT LLC (CRD 142962).

Annual Updating Amendment for Registered Adviser · fiscal year 2022.

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.