other names
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Adviser Profile

As of Date 05/15/2024
Adviser Type - Large advisory firm
Number of Employees 28 40.00%
of those in investment advisory functions 11 57.14%
Registration SEC, Approved, 01/24/2022
Other registrations (1)
Former registrations

TRUE GREEN CAPITAL MANAGEMENT LLC

TRUE GREEN CAPITAL MANAGEMENT LLC

AUM* 673,891,264 1.97%
of that, discretionary 654,031,312 2.05%
Private Fund GAV* 673,891,264 1.97%
Avg Account Size 168,472,816 1.97%
SMA’s No
Private Funds 2
Contact Info 855 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
641M 549M 458M 366M 275M 183M 92M
2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeOther Private Fund Count2 GAV$673,891,264

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Brochure Summary

Overview

TGC, a Delaware limited liability company, is an investment adviser located in Westport, Connecticut. TGC was formed in 2011. TGC lists its principal owners as any person directly owning 25% or more of TGC as disclosed on Schedule A of Form ADV, Part 1A. TGC’s principal owners are Panagiotis Ninios and Bruce Wiegand. TGC provides investment advisory services to pooled investment vehicles. Currently, the Firm provides investment advisory services to six (6) pooled investment vehicles: True Green Capital Fund III, L.P. and its feeder fund, True Green Capital Leveraged Feeder Fund III, L.P. (together, “Fund III”); True Green Capital Fund IV, L.P. and its two feeder funds, True Green Capital Leveraged Feeder Fund IV, L.P. and True Green Capital Feeder Fund IV, L.P. (collectively, “Fund IV”); and True Green Capital Parallel Fund IV, L.P. (“Fund IV – Parallel”). Unless otherwise noted herein in this Form ADV, Part 2A, each a “Client,” and collectively together with the feeder funds, the “Clients.” The Clients are structured as Delaware limited partnerships and are exempt from registration under the Investment Company Act of 1940, as amended (the “Investment Company Act”). The general partner of each Client is an affiliate of TGC. TGC maintains a wholly-owned subsidiary True Green Capital Management (UK), Limited, a private limited company incorporated in England & Wales with company number 14761805 (“TGC UK”), which acts as a participating affiliate to TGC. TGC UK was formed in 2023. TGC UK provides advisory services to TGC which include, but are not limited to, identification and evaluation of investment opportunities for TGC managed funds as well as promotion of TGC managed funds as described in more detail in the Participating Affiliate and Services Agreement between TGC and TGC UK. TGC UK is in the process
of becoming an Appointed Representative of Sapia Partners LLP, a third-party licensee registered with the UK Financial Conduct Authority (firm reference no. 550103) that will afford TGC UK the ability to operate without its own registration. TGC UK is an affiliate of TGC. TGC provides discretionary and non-discretionary investment advisory services to the Clients. The Firm focuses on investments in distributed power generation in commercial and industrial photovoltaic (“PV”) solar projects and related technologies. Investment advisory services are tailored and provided directly to the Clients and not to the needs of individual investors in the Clients. TGC manages the Clients in accordance with the investment objectives and limitations set forth in each Client’s offering memoranda, governing documents, subscription agreements, side letters, and any investment management agreement between TGC and the Client, as applicable (collectively, the “Governing Documents”). TGC’s advisory services for each Client are detailed in the Client’s Governing Documents and are further described below under “Item 8. Methods of Analysis, Investment Strategies and Risk of Loss.” TGC has and could in the future enter into agreements, commonly known as “side letters,” with certain investors under which TGC waives or modifies certain investment terms for those investors, without obtaining the consent of any other investor in the Clients. TGC does not participate in wrap fee programs. As of December 31, 2023, the Firm had approximately $717,895,306 in discretionary assets under management and $19,859,952 in non-discretionary assets under management, a portion of which are non-securities investments and as such are not included in the Firm’s calculation of its regulatory assets under management in Form ADV, Part 1A.