# Treville Capital Management LLC

> Treville Capital Management LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2019, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 290314
- Filed as: TREVILLE CAPITAL MANAGEMENT LLC
- Also doing business as: GALLERY VENTURES, TCM, TREVILLE
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/290314
- AdvisorCensus page: https://advisorcensus.com/firm/treville-capital-management-llc-new-york-ny-290314

## Quick answers

**How is Treville Capital Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Treville Capital Management LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**How much does Treville Capital Management LLC charge?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 1% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Treville Capital Management LLC located?**
Treville Capital Management LLC's principal office is in New York, NY, according to its Form ADV.

**Is Treville Capital Management LLC registered with the SEC or a state?**
Treville Capital Management LLC is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 290314.

**How much does Treville Capital Management LLC manage?**
Treville Capital Management LLC reports $1,890,197,770 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Treville Capital Management LLC's assets and staff changed since 2021?**
In the Form ADV data for Treville Capital Management LLC: Regulatory assets under management: $373,177,474 in the October 2021 data and $1,890,197,770 in the October 2026 data, up 407%. Total employees: 7 in October 2021 and 31 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Treville Capital Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (9); other (4); insurance companies (1).

**Which custodians does Treville Capital Management LLC use?**
Treville Capital Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Stifel Bank and U.S. Bank as custodians holding 10% or more of its separately managed account assets.

**Does Treville Capital Management LLC 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/290314

**What changed in Treville Capital Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Added the business name Gallery Ventures. Employees performing advisory functions went from 13 to 11. Registered or notice-filed in CA.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Asset-based fee: 1% to 2% a year (a range, as the brochure states it)

> Generally, the Treville Funds and Gallery Venture Funds pay Treville a fee for investment management services for each calendar month of between 1.0% and 2.0% per annum of each underlying investor’s capital account

> The Crossbeam Funds pay Crossbeam a fee for investment management services for each calendar quarter of between 1.0% and 2.0% per annum of each underlying investor’s capital account

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Stifel Bank
- U.S. Bank

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $1,890,197,770
- Discretionary: $1,888,056,967
- Non-discretionary: $2,140,803

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 0 | Not reported |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 9 | $820,894,534 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | Not reported |
| Charitable organizations | 0 | Not reported |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 1 | $265,179,099 |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |
| Other | 4 | $804,124,137 |

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

### Firm details
- Registered since: 2019 (7 years)
- Employees: 31 total, 11 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, NC, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- treville.com
- LinkedIn @trevillecapitalgroup

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $373,177,474 | 7 | September 24, 2021 |
| October 2022 | $1,409,654,505 | 11 | August 25, 2022 |
| October 2023 | $1,499,716,510 | 20 | June 29, 2023 |
| October 2024 | $1,670,011,321 | 26 | May 22, 2024 |
| October 2025 | $1,956,578,928 | 33 | March 28, 2025 |
| October 2026 | $1,890,197,770 | 31 | March 31, 2026 |

Regulatory assets under management: $373,177,474 in the October 2021 data and $1,890,197,770 in the October 2026 data, up 407%.
Total employees: 7 in October 2021 and 31 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Added the business name Gallery Ventures.
- Employees performing advisory functions went from 13 to 11.
- Registered or notice-filed in CA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Treville Capital Management LLC (CRD 290314): Form ADV filing data as of October 2026.