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.