# TCG Capital Management

> TCG Capital Management is an SEC-registered investment advisory firm in Playa Vista, CA, registered since 2018, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 26, 2026.

- CRD: 298007
- Filed as: TCG CAPITAL MANAGEMENT
- Legal name: TCG Capital Management, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Playa Vista, CA
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/298007
- AdvisorCensus page: https://advisorcensus.com/firm/tcg-capital-management-playa-vista-ca-298007

## Quick answers

**How is TCG Capital Management compensated?**
On its Form ADV (Item 5.E, October 2026), TCG Capital Management reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is TCG Capital Management located?**
TCG Capital Management's principal office is in Playa Vista, CA, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is TCG Capital Management registered with the SEC or a state?**
TCG Capital Management is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 298007.

**How much does TCG Capital Management manage?**
TCG Capital Management reports $2,648,514,065 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (100% discretionary).

**How have TCG Capital Management's assets and staff changed since 2021?**
In the Form ADV data for TCG Capital Management: Regulatory assets under management: $1,071,087,031 in the October 2021 data and $2,648,514,065 in the October 2026 data, up 147%. Total employees: 30 in October 2021 and 27 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does TCG Capital Management serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (13).

**Does TCG Capital Management report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/298007

**What changed in TCG Capital Management's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 23 to 17. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $2,648,514,065
- Discretionary: $2,648,514,065
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Not reported | $0 |
| High net worth individuals | Not reported | $0 |
| Banking or thrift institutions | Not reported | $0 |
| Investment companies | Not reported | $0 |
| Business development companies | Not reported | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 13 | $2,648,514,065 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Not reported | $0 |
| Charitable organizations | Not reported | $0 |
| State or municipal government entities (including government pension plans) | Not reported | $0 |
| Other investment advisers | Not reported | $0 |
| Insurance companies | Not reported | $0 |
| Sovereign wealth funds and foreign official institutions | Not reported | $0 |
| Corporations or other businesses not listed above | Not reported | $0 |
| Other | Not reported | $0 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2018 (8 years)
- Employees: 27 total, 17 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Menlo Park, CA
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- tcg.co
- tcg.mirror.xyz
- ventures.tcg.co
- LinkedIn @the-chernin-group
- X @tcg_crypto

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,071,087,031 | 30 | March 29, 2021 |
| October 2022 | $2,985,953,805 | 39 | May 2, 2022 |
| October 2023 | $2,775,843,715 | 48 | August 17, 2023 |
| October 2024 | $2,320,662,525 | 44 | March 26, 2024 |
| October 2025 | $2,598,247,331 | 40 | March 31, 2025 |
| October 2026 | $2,648,514,065 | 27 | March 26, 2026 |

Regulatory assets under management: $1,071,087,031 in the October 2021 data and $2,648,514,065 in the October 2026 data, up 147%.
Total employees: 30 in October 2021 and 27 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 23 to 17.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. TCG Capital Management (CRD 298007): Form ADV filing data as of October 2026.