Investment adviser · CRD 281109

TRUE WIND CAPITAL MANAGEMENT, L.P.

Investment adviser filing (IA)

SAN FRANCISCO, CA, United States · Form ADV filed Mar 30, 2026

Regulatory AUM: $2.08B
Client accounts: 12
Employees: 28
Advisory professionals: 17

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
Pooled investment vehicles	12	$2,078,315,040	100.0%

Filing source

Form ADV 2076874 · Mar 30, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

13 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

TRUE WIND CAPITAL II, L.P.Private Equity Fund · Last reported Mar 30, 2026$862MGross asset value

Form D fundraising filings

True Wind Capital II, L.P.

Fund administrator GEN II FUND SERVICES, LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP COSTA MESA, California, United States

Custodian FIRST-CITIZENS BANK & TRUST COMPANY SANTA CLARA, California, United States Related to adviser: No

Custodian MITA SECURITIES CO., LTD. TOKYO, Japan Related to adviser: No

Provider details

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

DELOITTE & TOUCHE LLP
PCAOB 34

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

MITA SECURITIES CO., LTD.
LEI 175

Fund details & source

Fund ID: 805-1846503072
Reported beneficial owners: 78
Minimum commitment: $0
Form D file number: 021-363666

Form ADV 2076874 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TRUE WIND CAPITAL, L.P.Private Equity Fund · Last reported Mar 30, 2026$386MGross asset value

Form D fundraising filings

True Wind Capital, L.P.

Fund administrator GEN II FUND SERVICES, LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP COSTA MESA, California, United States

Custodian EQUINITI TRUST COMPANY, LLC NEW YORK, New York, United States Related to adviser: No

Custodian FIRST-CITIZENS BANK & TRUST COMPANY SANTA CLARA, California, United States Related to adviser: No

Provider details

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

DELOITTE & TOUCHE LLP
PCAOB 34

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

Fund details & source

Fund ID: 805-3592913951
Reported beneficial owners: 73
Minimum commitment: $0
Form D file number: 021-244527

Form ADV 2076874 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TRUE WIND CAPITAL CONTINUATION, L.P.Private Equity Fund · Last reported Mar 30, 2026$245MGross asset value

Form D fundraising filings

True Wind Capital Continuation, L.P.

Fund administrator GEN II FUND SERVICES, LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP COSTA MESA, California, United States

Custodian FIRST-CITIZENS BANK & TRUST COMPANY SANTA CLARA, California, United States Related to adviser: No

Provider details

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

DELOITTE & TOUCHE LLP
PCAOB 34

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

Fund details & source

Fund ID: 805-6008335474
Reported beneficial owners: 37
Minimum commitment: $0
Form D file number: 021-465656

Form ADV 2076874 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TRUE WIND CAPITAL II-A, L.P.Private Equity Fund · Last reported Mar 30, 2026$203MGross asset value

Form D fundraising filings

True Wind Capital II-A, L.P.

Fund administrator GEN II FUND SERVICES, LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP COSTA MESA, California, United States

Custodian FIRST-CITIZENS BANK & TRUST COMPANY SANTA CLARA, California, United States Related to adviser: No

Custodian MITA SECURITIES CO., LTD. TOKYO, Japan Related to adviser: No

Provider details

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

DELOITTE & TOUCHE LLP
PCAOB 34

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

MITA SECURITIES CO., LTD.
LEI 175

Fund details & source

Fund ID: 805-4033355039
Reported beneficial owners: 13
Minimum commitment: $0
Form D file number: 021-363668

Form ADV 2076874 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TRUE WIND CAPITAL III, L.P.Private Equity Fund · Last reported Mar 30, 2026$175MGross asset value

Form D fundraising filings

True Wind Capital III, L.P.

Fund administrator GEN II FUND SERVICES, LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP COSTA MESA, California, United States

Custodian FIRST-CITIZENS BANK & TRUST COMPANY SANTA CLARA, California, United States Related to adviser: No

Provider details

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

DELOITTE & TOUCHE LLP
PCAOB 34

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

Fund details & source

Fund ID: 805-9297592012
Reported beneficial owners: 6
Minimum commitment: $0
Form D file number: 021-541399

Form ADV 2076874 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

HEBARA WAVE II, L.P.Private Equity Fund · Last reported Mar 30, 2026$54.8MGross asset value

Form D fundraising filings

CB Red Co-Invest, L.P.

Fund administrator GEN II FUND SERVICES, LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP COSTA MESA, California, United States

Custodian FIRST-CITIZENS BANK & TRUST COMPANY SANTA CLARA, California, United States Related to adviser: No

Custodian MITA SECURITIES CO., LTD. TOKYO, Japan Related to adviser: No

Provider details

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

DELOITTE & TOUCHE LLP
PCAOB 34

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

MITA SECURITIES CO., LTD.
LEI 175

Fund details & source

Fund ID: 805-9205927719
Reported beneficial owners: 3
Minimum commitment: $0
Form D file number: 021-521670

Form ADV 2076874 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TWC II ECLIPSE CO-INVEST, L.P.Private Equity Fund · Last reported Mar 30, 2026$48.5MGross asset value

Form D fundraising filings

TWC II Eclipse Co-Invest, L.P.

Fund administrator GEN II FUND SERVICES, LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP COSTA MESA, California, United States

Custodian FIRST-CITIZENS BANK & TRUST COMPANY SANTA CLARA, California, United States Related to adviser: No

Provider details

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

DELOITTE & TOUCHE LLP
PCAOB 34

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

Fund details & source

Fund ID: 805-9644949173
Reported beneficial owners: 8
Minimum commitment: $0
Form D file number: 021-478221

Form ADV 2076874 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 30, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

FOUR EMBARCADERO CENTER, SUITE 2100
SAN FRANCISCO, CA, 94111, United States

CRD 281109

Filing source

Form ADV 2076874 · Mar 30, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.