9AT: TRUE GREEN CAPITAL MANAGEMENT LLC

TRUE GREEN CAPITAL MANAGEMENT LLC

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TRUE GREEN CAPITAL MANAGEMENT LLC

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Adviser Profile

Registration status

Registration Changed to TRUE GREEN CAPITAL MANAGEMENT LLC

As of Date	10/09/2019
Adviser Type - Adviser relying on rule 203A-2(c) because you expect to be eligible for SEC registration within 120 days
Number of Employees	16
of those in investment advisory functions	5

AUM^*	0
of that, discretionary
Private Fund GAV^*	0
SMA’s	No
Private Funds	0

Client Types

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

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

Reported AUM

1 1 1 1

2019

Discretionary

Non-discretionary

Private Funds

No private funds

Employees

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 seven (7) pooled investment vehicles: True Green Capital Opportunity Partnership, L.P. (“TGCOP”); 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 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, 2022, the Firm had approximately $993,615,000 in discretionary assets under management and $21,700,000 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.