Investment adviser · CRD 142962

TRUE CAPITAL MANAGEMENT

TRUE CAPITAL MANAGEMENT LLC

SAN FRANCISCO, CA, United States · Form ADV filed Mar 30, 2023

Regulatory AUM: $1.59B
Client accounts: 431
Employees: 37
Advisory professionals: 14

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

54 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 17Venture Capital Fund$2.15MGross 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 17

Fund administrator ARTEX CAPITAL SOLUTIONS HAMILTON, Bermuda 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 SAN FRANCISCO, 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: 805-1666025872
Reported beneficial owners: 27
Minimum commitment: $25K
Form D file number: 021-422479

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.

TRUE VC, LLC - SERIES 7Venture Capital Fund$1.72MGross 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 7 - Therabody

Fund administrator ARTEX CAPITAL SOLUTIONS HAMILTON, Bermuda 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 SAN FRANCISCO, 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: 805-4940077259
Reported beneficial owners: 19
Minimum commitment: $25K
Form D file number: 021-384483

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.

TRUE CAPITAL VENTURES, LLC - 2014 SERIES IIVenture Capital Fund$1.6MGross asset value

Search Form D filings →

Fund administrator ARTEX CAPITAL SOLUTIONS HAMILTON, Bermuda Investor statements: No (provided to no investors) Related to adviser: No Other funds reporting this name →

Auditor NAVOLIO & TALLMAN, LLP VALLEJO CA, California, United States Other funds reporting this name →

Custodian FIRST REPUBLIC BANK SAN FRANCISCO, 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: 805-2734182934
Reported beneficial owners: 45
Minimum commitment: $25K

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.

TRUE CAPITAL PARTNERS IV, LLCVenture Capital Fund$1.49MGross asset value

Search Form D filings →

Custodian FIRST REPUBLIC BANK SAN FRANCISCO, California, 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: 805-6001787705
Reported beneficial owners: 12
Minimum commitment: $50K

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.

TRUE VC, LLC - SERIES 3Venture Capital Fund$1.36MGross 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 3 - Akkadian

Fund administrator ARTEX CAPITAL SOLUTIONS HAMILTON, Bermuda 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 SAN FRANCISCO, 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: 805-1246753707
Reported beneficial owners: 9
Minimum commitment: $50K
Form D file number: 021-374716

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.

TRUE CAPITAL REAL ESTATE FUND IIReal Estate Fund$1.34MGross 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 II, LLC

Custodian FIRST REPUBLIC BANK SAN FRANCISCO, California, 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: 805-7661703930
Reported beneficial owners: 77
Minimum commitment: $25K
Form D file number: 021-194104

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.

TRUE CAPITAL REAL ESTATE FUND IReal Estate Fund$1.31MGross 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 I, LLC

Custodian FIRST REPUBLIC BANK SAN FRANCISCO, California, 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: 805-1675200678
Reported beneficial owners: 45
Minimum commitment: $25K
Form D file number: 021-151358

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.