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Adviser Profile

As of Date 11/11/2024
Adviser Type - Large advisory firm
Number of Employees 6 50.00%
of those in investment advisory functions 3
Registration SEC, Approved, 10/10/2019
Other registrations (1)
AUM* 2,151,870,552 16.63%
of that, discretionary 2,151,870,552 16.63%
Private Fund GAV* 2,603,932,116 35.89%
Avg Account Size 55,176,168 -1.32%
SMA’s No
Private Funds 39 6
Contact Info (41 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
2B 2B 1B 1B 792M 528M 264M
2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count33 GAV$2,290,375,613
Fund TypeVenture Capital Fund Count6 GAV$313,556,503

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Brochure Summary

Overview

Tomales Bay Capital, L.P. (“Tomales Bay Capital” or the “Firm”), formerly Tomales Bay Capital, LLC, was formed in November 2015 and became a Delaware limited partnership in July 2020. Anduril Capital, LLC, a Delaware limited liability company, serves as the Firm’s general partner, and is wholly owned by Iqbaljit Kahlon, the Firm’s principal owner. Tomales Bay Capital became a registered investment adviser with the United States Securities and Exchange Commission (“SEC”) in October 2019. Tomales Bay Capital is an investment management firm that provides advisory services on a discretionary basis to privately-offered pooled investment vehicles, including special purpose vehicles and series funds that invest in a single private investment (collectively, the “Funds” and each a “Fund”). Additionally, Tomales Bay Capital manages co-investment vehicles. In the future, Tomales Bay Capital may form additional funds, including feeder and parallel funds, co- investment vehicles and special purpose vehicles. An affiliate of Tomales Bay Capital serves as a managing member or general partner for the Funds (collectively, the “General Partners” and each a “General Partner”). While the General Partners retain management authority over the business and affairs, including investment decisions, of their respective Funds, Tomales Bay Capital has been delegated the role of investment adviser. The General Partners Advisers are under common control with the Firm and, together with Tomales Bay Capital,
operate as part of a single advisory business and are subject to the Investment Advisers Act of 1940, as amended (the “Advisers Act”) pursuant to the Firm’s registration in accordance with SEC guidance. Please see Item 8.A. for additional information regarding the Firm’s investment strategy. Tomales Bay Capital’s investment management and advisory services to the Funds are provided pursuant to the terms of the applicable offering documents or governing documents (“Governing Documents”), which set forth investment strategies and limitations. Investors in the Funds (“Investors”) cannot obtain services tailored to their individual specific needs. At its discretion, Tomales Bay Capital or the respective General Partner may enter into one or more “side letters” or similar agreements with certain Investors pursuant to which Tomales Bay Capital or the respective General Partner, as applicable, grants to such Investor specific rights, benefits or privileges that are not made available to Investors generally. The Firm may, from time to time, permit one or more co-investors to invest alongside a Fund in amounts determined by the Firm. Such co-investors may invest on different terms from those applicable to Investors in the Fund including with respect to management fees and carried interest. Tomales Bay Capital does not participate in a wrap fee program. As of December 31, 2023, Tomales Bay Capital manages approximately $2,151,870,552 in client assets on a discretionary basis.