# TCV

> TCV is an SEC-registered investment advisory firm in Menlo Park, CA, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 160389
- Legal name: Tcmi, Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Menlo Park, CA
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/160389
- AdvisorCensus page: https://advisorcensus.com/firm/tcv-menlo-park-ca-160389

## Quick answers

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

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

**Is TCV registered with the SEC or a state?**
TCV is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 160389.

**How much does TCV manage?**
TCV reports $22,506,060,259 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have TCV's assets and staff changed since 2021?**
In the Form ADV data for TCV: Regulatory assets under management: $22,557,944,943 in the October 2021 data and $22,506,060,259 in the October 2026 data, unchanged. Total employees: 84 in October 2021 and 79 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does TCV serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (34).

**Does TCV 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/160389

**What changed in TCV's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $20,075,327,580 to $22,506,060,259 (+12%). Employees performing advisory functions went from 46 to 44.

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $22,506,060,259
- Discretionary: $22,506,060,259
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 34 | $22,506,060,259 |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 79 total, 44 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, NY
- 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
- London
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- tcv.com
- LinkedIn @TECHNOLOGY-CROSSOVER-VENTURES
- X @TCVTECH
- YouTube @UCF8vFpSfDhGM9anvcDnzjlQ

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $22,557,944,943 | 84 | September 10, 2021 |
| October 2022 | $25,108,422,023 | 100 | March 31, 2022 |
| October 2023 | $19,880,580,857 | 104 | March 31, 2023 |
| October 2024 | $20,010,548,119 | 85 | March 27, 2024 |
| October 2025 | $20,075,327,580 | 82 | March 28, 2025 |
| October 2026 | $22,506,060,259 | 79 | March 27, 2026 |

Regulatory assets under management: $22,557,944,943 in the October 2021 data and $22,506,060,259 in the October 2026 data, unchanged.
Total employees: 84 in October 2021 and 79 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $20,075,327,580 to $22,506,060,259 (+12%).
- Employees performing advisory functions went from 46 to 44.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. TCV (CRD 160389): Form ADV filing data as of October 2026.