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Adviser Profile

As of Date 03/26/2024
Adviser Type - Large advisory firm
Number of Employees 44 -8.33%
of those in investment advisory functions 26 -13.33%
Registration SEC, Approved, 08/17/2018
AUM* 2,320,662,525 -16.40%
of that, discretionary 2,320,662,525 -16.40%
Private Fund GAV* 2,372,016,676 -14.55%
Avg Account Size 178,512,502 -61.41%
% High Net Worth 6.06% 100.00%
SMA’s No
Private Funds 13 7
Contact Info 310 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
3B 3B 2B 2B 1B 853M 427M
2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count13 GAV$2,372,016,676

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Brochure Summary

Overview

TCG Capital Management, LP (“TCG” or the “Company”) is an investment advisory firm based in Los Angeles, California, Menlo Park, California, and New York, New York that was founded in 2018 by Peter Chernin, Jesse Jacobs, and Mike Kerns to manage private equity and venture investments in the media, entertainment, technology, sports, consumer, blockchain and “web3” sectors. The Company is organized as a Delaware limited partnership. The principal owners of TCG are Peter Chernin, Jesse Jacobs and Mike Kerns. TCG sponsors and manages private equity funds that focus on investments in the media, entertainment, technology, sports and consumer sectors (together with any related parallel funds and alternative investment vehicles, the “PE Funds”). TCG also sponsors and manages private equity funds that focus on investments in the blockchain and “web3” sectors (together with any related parallel funds and alternative investment vehicles, the “Crypto Funds”). In addition to the PE Funds and Crypto Funds, TCG sponsors and manages other investment vehicles (“Co-Investment Vehicles”) that will offer investors opportunities to co-invest alongside the Funds in media, entertainment, technology, sports, consumer, and “web3” investment opportunities or alongside The Chernin Group, LLC (“Chernin”) in investment opportunities that the applicable Funds’ investment committee (“Investment Committee”) or limited partner advisory committee (“LPAC”) (if applicable) determine are not appropriate for the Funds. Please see “Item 10 – Other Financial Industry Activities and Affiliations” for more detail regarding the relationship between TCG and Chernin. TCG may also serve as the investment manager to alternative investment vehicles (each, an “Alternative Investment Vehicle”) organized to address, for example, specific tax, legal, business, accounting or regulatory- related matters that may arise in connection with a transaction or transactions. The PE Funds, the Crypto Funds, the Co-Investment Vehicles, and the Alternative Investment Vehicles are collectively referred to
as the “Funds.” TCG also manages executive investment vehicles (each, an “Executive Investment Vehicle”) that offer members of TCG’s advisory board, senior executives or founders of TCG or Chernin portfolio companies, or other strategic individuals applicable to the portfolio company or who sourced the investment an opportunity to invest alongside the Fund(s) in a particular investment. As the investment adviser to the Funds, TCG invests each Fund’s assets pursuant to an investment advisory agreement that each Fund enters into with TCG, and in accordance with the Fund’s limited partnership agreement, private placement memorandum and other governing documents (the “Governing Documents”). TCG conducts its investment advisory activities so as to comply with the investment objective, guidelines and restrictions set forth in each Fund’s Governing Documents, as the same may be amended from time to time. TCG typically does not tailor its investment activities on behalf of a Fund to the needs of any individual investor in a Fund. However, in accordance with common industry practice, a Fund or its general partner (collectively, “General Partner” or “General Partners”) may from time to time enter into a “side letter” or similar agreement with an investor pursuant to which the Fund or its General Partner grants the investor specific rights, benefits or privileges that are not generally made available to all investors. See “Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss” below for more details. All discussions of the Funds in this Brochure, including but not limited to the investments, the strategies used in managing of the Funds, the fees and other costs associated with an investment in the Funds and other terms, are qualified in their entirety by reference to each Fund’s Governing Documents. Services are provided to the Funds in accordance with each Fund’s Governing Documents. As of December 31, 2023, TCG had $2,320,662,525 in assets under management, all of which are managed on a discretionary basis.